Real Estate Valuation Advocacy Association
The Real Estate Valuation Advocacy Association (REVAA) is a nonprofit trade association dedicated to the maintenance and further development of high quality standards within the real estate valuation industry and the advocacy of related causes. REVAA promotes high ethical standards, political awareness, and the growth of the real estate valuation industry as a whole.
REVAA is comprised of companies that produce and sell, or benefit from, real estate valuation products including Appraisals, Broker Price Opinions (BPOs), Automated Valuation Models (AVMs) and other innovative approaches that benefit mortgage investors, servicers, originators and borrowers.
A key element of REVAA's philosophy is that homeowners, the mortgage lending industry, and the economy as a whole are best served by a diversified array of real estate valuation products. Given the growing need for multiple perspectives of value in today's challenging real estate markets, it is vital that end-users have the ability to choose from a wide range of products in order to match the appropriate valuation tool to the need.
To read our code of ethics, please visit our Membership area.
To read REVAA's model BPO legislation, please click here.
To review REVAA's position on current myths about Alternative Valuations, please click here.