Federal banking agencies propose increase of commercial real estate appraisal threshold

MARTIN J. GRUENBERG is chairman of the U.S. Federal Deposit Insurance Corp. / BLOOMBERG FILE PHOTO/DREW ANGERER
MARTIN J. GRUENBERG is chairman of the U.S. Federal Deposit Insurance Corp. / BLOOMBERG FILE PHOTO/DREW ANGERER
WASHINGTON – In response to concerns raised about the cost and time associated with completing commercial real estate transactions, federal banking agencies are proposing to raise the threshold to $400,000 for transactions requiring an appraisal. The Federal Reserve Board, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency released a…

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