Virginia Regulatory Town Hall
Agency
Department of Professional and Occupational Regulation
 
Board
Real Estate Appraiser Board
 
chapter
Appraisal Management Company Regulations [18 VAC 130 ‑ 30]
Action Initial Appraisal Management Company Regulations
Stage Proposed
Comment Period Ended on 3/28/2014
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3/13/14  12:41 pm
Commenter: Rita TenBroeck

Support for Proposed AMC Regulations
 

 

AMC's are engaging in manipulative practices - I received a request, yessterday for an assignment in a rural area, with 1 hour to respond, fee was less than half for acreage;  I clicked to accept with conditions, intending to add an increased fee, I was presented with their disclaimers seeking a hold harmless agreement.    This is an example of the manner in which many of these organizations operate.   In addition to supporting this legislation, I also support a requirement that AMC's list their total fee to the consumer, just as we list the fee paid.    Also, I object to the notion that an AMC who "reviews, even for a technical analysis" is not an AMC but rather a portal.  That is a convenient way to circumvent proposed legislation.   I applaud the legislature for taking up this issue to protect the consumer.  

CommentID: 31265