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Proposed new regulations would allow homes to be bought and sold through electronic valuations rather than human appraisers

Home appraisals could be done electronically without the need for a licensed human regulator, according to new proposals
Regulators say the vast majority of homes could be appraised using electronic algorithms which could make house buying faster and cheaper
About 214,000 home sales could have been made last year with the change
House appraisers were largely blamed for inflating prices during the crash

No more 5% skim for the 'real estate industry'....

Automation takes over

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