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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3/16/14  9:32 am
Commenter: Belote Appraisals, Inc

AMC Regulation
 

With 32 years in the appraisal profession I fully support the regulation of all Appraisal Management Companies in the State of Virginia. The numbers of certified & licensed appraisers in the Commonwealth of VIrginia and in the Country are declining daily, much of this is due to the unfair pratices of AMC's within the last 5-10 years. I support legislation similiar to what was recently passed in Louisiana.

Secondly, I would like to compliment the Virginia Real Estate Appraiser Board. I have attended several meeting over the last couple years in Richmond. The board excercised due deligence in analyzing cases before them & was very professional.

Again, I strongly urge the the implementation of regulation regarding AMC's & "customary & reasonable" fees.

David R. Belote,SRA

 

CommentID: 31384