Action | Initial Appraisal Management Company Regulations |
Stage | Proposed |
Comment Period | Ended on 3/28/2014 |
With 32 years in the appraisal profession I fully support the regulation of all Appraisal Management Companies in the State of Virginia. The numbers of certified & licensed appraisers in the Commonwealth of VIrginia and in the Country are declining daily, much of this is due to the unfair pratices of AMC's within the last 5-10 years. I support legislation similiar to what was recently passed in Louisiana.
Secondly, I would like to compliment the Virginia Real Estate Appraiser Board. I have attended several meeting over the last couple years in Richmond. The board excercised due deligence in analyzing cases before them & was very professional.
Again, I strongly urge the the implementation of regulation regarding AMC's & "customary & reasonable" fees.
David R. Belote,SRA