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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3/25/14  12:30 pm
Commenter: Joe Millis, Sinnen-Green and Associates

AMC Regulation / Customary Fees
 

As a state certified residential appraiser, i fully support the regulation of all AMC's in Virginia. Furthermore, I would also like to see the implementation of regulating "customary and reasonable fees" for all AMC's (as recently passed in Louisiana). Appraisers deserve to be compensated for the quality of their work not by how quickly they turn around an assignment and/or how low of a fee they are willing to accept for an assignment. Thank you for your time and consideration on this matter.

CommentID: 31498