Automated valuation models (AVMs) have become a recent topic of interest for some in both the real estate brokerage and appraisal communities.
An AVM is a computer software program that analyzes data from various sources and uses automated processes to produce a value or range of values for a particular property.
To assist you in learning more about AVMs, click on http://www.ncrec.gov/pdfs/avm.pdf and read the Commission’s article on the subject. If you have any questions or need more information, please contact the Regulatory Affairs Division at 919/875-3700.
This article came from the February 2015-Vol45-3 edition of the bulletin.