As a state certified residential appraiser, I fully support the regulation of all Appraisal Management Companies in the state of Virginia. Furthermore, I would also like to see the implementation of regulating "customary and reasonable fees" for all Appraisal Management Companies as well (as recently passed in the state of Louisiana). Appraisers deserve to be compensated for the quality of their work (just like any other profession), not by how quickly they can turn around an assignment and/or how low of a fee they are willing to accept an assignment for. Having been a licensed residential appraiser since 1994, many cycles of the "market" have come and gone. For the protection of the public, it has become apparent AMC's must be regulated. Lenders should pay AMC's not appraisers. Thank you for your time and consideration on this matter.