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Construction and Real Estate

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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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Fed up with living in an apartment, Linda Holden built her own duplex 36 years ago (access required)

Linda Holden was newly divorced, going to school part time, and raising two kids. “I needed to make some money,” she said.” It was the early 1970s, and at the time she was living in an apartment complex in Endicott, N.Y. Desperate for work, she asked the apartment complex’s owner, who was also a developer and builder, for a job.

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Commercial plans must be electronic after Jan. 1 (access required)

The City of Charlotte’s Land Development Division is requiring all commercial plans be submitted electronically, effective Jan. 1. According to a blog posting by the Real Estate and Building Industry Coalition in Charlotte, sealed, signed hard copies of plans should be scanned into a PDF format and emailed to ldplans@charlottenc.gov.

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