Appraisals

FTC forcefully rejects LouisianaÕ request to pause regulatory action over appraisals 

Last week, the state of Louisiana asked the Federal Trade Commission to pause its legal action over the state’s appraisal laws after the state’s governor and the Louisiana Real Estate Appraisers Board issued complementary orders that addressed the FTC’s charges that the board was stifling price competition by requiring that appraisal management companies follow the state’s established polices for how they pay appraisers. Well, the FTC received that request, considered it, and promptly swatted it out to half court.