Commenter: Darrell Green , Sinnen-Green & Associates * 

 

Regulation of AMC's and Customary and Reasonable Fees

 

As a state certified residential appraiser, I fully support the regulation of all Appraisal Management Companies in the state of Virginia. Furthermore, I would also like to see the implementation of regulating "customary and reasonable fees" for all Appraisal Management Companies as well (as recently passed in the state of Louisiana). Appraisers deserve to be compensated for the quality of their work (just like any other profession), not by how quickly they can turn around an assignment and/or how low of a fee they are willing to accept an assignment for. Furthermore, this whole thing of Amc's have seemed to open up a new level of undermining the appraisers chance of doing honest work at fair and reasonable fees. I have been appraising 28 years and what's going on just seems wrong. Thank you for your time and consideration on this matter.