It might appraise for a lot more than the retail price, but that doesn’t mean you’ll get that amount if you try to sell it.

The plan offers a number of steps to improve oversight of the home appraisal industry, and train appraisers.

Some 40% of home sales may no longer require appraisals.

If approved, the regulation would raise the threshold for required appraisals to transactions above $400,000.