BIC TIP #1319: November 2 Appraisal Changes
“November second is coming like a freight train.” That is how Stephen Long, your Notorious BIC, describes the appraisal changes landing on November 2, 2026, when Fannie Mae and Freddie Mac require the updated Uniform Appraisal Dataset (UAD 3.6) and the redesigned appraisal report.
Expect a Messy Transition
After hearing from appraisers and brokers at a recent conference, Stephen put it this way: it is like a freight train inside of a freight train having a car wreck. In other words, expect a messy transition as the industry moves to the new standard.
What Agents Should Prepare For
- Possible delays in appraisal turnaround times
- Additional data fields appraisers will need to complete
- More questions from appraisers about the property
Be a Good Partner to Your Appraiser
Whether you are the listing agent or the buyer’s agent, be responsive to your appraiser. Make sure appraisers have everything they need to do their job in a timely fashion, and have early conversations with your lenders and appraisers about how much time they will need to turn appraisals around.
The Practical Takeaway
Build extra time into your contract timelines, get information to the appraiser quickly, and keep the lender in the loop. A little preparation now can keep the November 2 changes from derailing your closings.
This BIC Tip is general real estate education for licensees and consumers, not legal, tax, or financial advice. Rules and forms change, so verify current NCREC rules, MLS rules, and standard forms, and consult a North Carolina attorney or qualified professional about your specific situation. See Disclaimers & Disclosures.
