Having been a broker/owner and certified residential appaiser for many years, there is absolutely no question in my mind that AMC regulations are mandatory and totally necessary.   Without simply echoing the many comments of the appraisers and others on this "town hall" forum, I can only say without regulation and "common sense" rules & regulations", the appraisal industry as we have known it for so many decades, will continue to delcine in credibility and competence if it continues along the AMC non-regulated path.  Even if the monetary fee issue was taken out of the equation, the current logistical methodology of AMC appraisal assignments and all the "issues" which go with the sequence of events from the appraisal order "offer" to the final report submission, is flawed and needs to be fixed sooner than later...and not just for the sake of the lenders whose loans are collateralized by the properties appraised, but for the sake of the general public.