I support regulation of AMC's in Virginia. Appraisal Management Companies cause high fees to be collected from borrowers for appraisals and because the AMC controls how much of the fee goes to the appraiser, the appraiser gets much less money for the appraisal than before AMC's were created. AMC's cause higher higher appraisal fees to be collected from borrowers and less pay per appraisal to the appraiser. As a result, good appraisers avoid doing work with AMC's and less qualified appraisers get the assignments from AMC's.