Appraisals are changing and Realtors need to be ready.
Beginning November 2, 2026, a major change is coming to residential appraisal reporting.
Fannie Mae and Freddie Mac are moving to UAD 3.6, a completely redesigned appraisal reporting system that replaces the familiar appraisal forms with a new dynamic Uniform Residential Appraisal Report.
Why does this matter to you as a REALTOR®?
Because appraisers may be asking you for more information — and appraisals may take longer, especially during the transition.
The new appraisal report collects significantly more detailed and structured property information, and the NC Real Estate Commission has advised licensees that appraisers may contact listing agents more frequently to obtain information about their listings.
PLAN AHEAD FOR APPRAISAL TIMELINES
With appraisers, lenders, AMCs and software providers all adjusting to the new reporting system, there may be a learning curve as UAD 3.6 rolls out. REALTORS® should be prepared for the possibility of longer appraisal turnaround times, particularly during the early stages of implementation.
A delayed appraisal can mean a delayed closing, so don't assume the turnaround times you're accustomed to will necessarily stay the same. Talk with lenders early about anticipated appraisal timelines and build some flexibility into your transactions when possible.
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Most importantly, don't wait until November to learn about the change. The 2026–2027 NC Mandatory Update Course includes information about the new appraisal process, and NCREC is encouraging licensees to take the course as soon as possible. The appraisal may be the appraiser's job — but being prepared, responsive and realistic about timelines can help keep your transaction on track. |