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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3/27/14  10:27 am
Commenter: VACAP

AMC Regulations/Customary and Reasonable Fees
 

I support regulation of AMC's in the state of Va.  AMC's typically use the appraiser that takes the assignment for the lowest fee and fastest turntime.  This is not providing the lender with the most reliable appraisal in many instances.  Because I do not accept "basement bargain fees"  I lose many appraisal assignments to the lowest bidder.  Appraisers are requlated therefore, the people reviewing our work should also be regulated.

 

 

CommentID: 31509