appraisal regulation

Appraisal regulation refers to the guidelines and standards governing the process of evaluating the value of properties, usually in real estate transactions. These regulations ensure that appraisals are conducted fairly, accurately, and consistently by trained professionals. They aim to protect consumers by preventing fraud and conflicts of interest, ensuring that buyers and lenders receive reliable information. In the United States, entities like the Appraisal Foundation and federal agencies establish standards and practices that appraisers must follow, contributing to a trustworthy housing market.