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Banking and Finance

Agents of Change (access required)

People buy all kinds of things on the Internet. Cars, TVs, computers, clothes and even groceries get sold at various online retailers. But if you’re thinking of buying your house solely on the web, several Charlotte-area Realtors say – not so fast.

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Appraisers hope for the end of bank-owned AMCs (access required)

In 2009, about two years after the real estate market started its collapse, a new federal law took effect. The federal Home Valuation Code of Conduct was created to reduce conflicts of interest in the process of appraising homes. Real estate agents and brokers were no longer allowed to order appraisals. Lenders were now in control of doing that, and demand for appraisal-management companies shot up.

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