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FTC Warns NC Appraisal Fee Bill Could Break Antitrust Law

Law360, Fort Wayne (July 6, 2017, 4:27 PM EDT) -- Legislation under consideration by North Carolina state lawmakers could breach federal antitrust law by stifling competition for the setting of real estate appraisal fees, which could result in higher prices for consumers, the Federal Trade Commission said Thursday.

The bill, HB-829, would undermine the free negotiation of fee establishing a single method to determine fee amounts paid by appraisal management companies to real estate appraisers, FTC staff said in a letter to North Carolina Assistant Attorney General Roberta A. Ouellette.

“We are concerned that, if HB-829...
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