Responding to investor and lender concerns regarding the time and costs associated with completing smaller real estate transactions, the Federal Reserve Board, the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency July 19 proposed raising the sale price threshold for commercial real estate transactions requiring an appraisal to more than $400,000 from the current level of $250,000.
The banking agencies proposed the sale-price threshold for residential real estate transactions should remain unchanged.
Contributed by Carolyn Horvath
