I am in favor of AMC regulation in Virginia.  While I understand that it is difficult to set one standard fee, we all know how much the consumer is paying for a typical appraisal.  Appraisal fees should be based on the $400 to $600 that borrowers are currently paying their lender for their appraisal.  It makes no sense that the appraiser, who does all of the work required to complete a credible appraisal nowadays, is only being paid a portion of what the borrower is paying for the service.  Most of the AMC's currently in business are taking huge chunks of the appraisal fee, while they do absolutely nothing.  Most of us in this profession are college educated people, that got into the industry years before these AMC's where given an opportunity to take over.  What college educated person in their right mind is going to spend years training and thousands of dollars on appraisal education, in order to enter into an industry that is being squeezed by management companies taking 50% of the current fees?  Appraisers are working harder than ever and yet the pressure to complete an assignment faster and for less continues to get worse.  I truly appreciate the opportunity to voice my opinion and hope that Virginia will follow in Louisiana's footsteps by providing regulation that is desperately needed in our state.

Thank you,

Reid Adams