Federal Reserve's proposed home appraisal rules may not prevent inaccurate valuations

I was just talking about the issues with appraisals in this market with a potential seller the other day and came across this article in the LA Times Sunday Real Estate section this morning while enjoying my morning coffee.  The article explains the situation with the current appraisal rules very well and all sellers and buyers should take a look at it.  I couldn't explain it better myself.

See full article here: 
LA Times Article - Home Appraisal Rules