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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3/17/14  9:47 am
Commenter: Kim Bradley, Marquee

AMC Regulations
 

AMCs should not be allowed to blast email for orders as this promotes utilizing the cheapest appraiser rather than a qualified appraiser. 

Appraiser compensation should be based on reasonable an customary fees NOT inclusive of fees established by the AMCs payment history but rather a neutral 3rd party source.

AMCs should not be allowed to dictate to an appraisal company that they can not use 1099 contract appraisers. 

If an AMC wants a background check done on an appraiser, this should be at their cost not the appraisers.

 

 

CommentID: 31393