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
spacer
Previous Comment     Next Comment     Back to List of Comments
3/25/14  9:25 am
Commenter: John C. Ford

AMC/reasonable and customary fees.
 

I support implementing minimum requirements and supervision of appraisal management companies. While there are some efficient and fair AMC's working in Virginia, there are far too many that pay the appraiser much less and cut corners to beat the competition. These companies take full advantage of hard working appraisers by paying low fees and placing undue pressure on the appraiser in the form of quick turn times, that result in below average quiality of appraisals. AMC regulation should be implemented to ensure a reasonable and customary fee which will result in higher quality and more credible appraisals.  

CommentID: 31496