Upcomming AMC Licensure
AMC Licensure in Virginia
On July 1, 2014, every AMC wishing to continue operating in Virginia will be required to apply to the Virginia Real Estate Appraiser Board for a license to conform with recently passed AMC laws. Hopefully, the VREAB will prudently and completely vet these business PRIOR to the issuance of a license.
It is my understanding the VREAB staff is leaning towards granting licensure upon application without any substantive vetting of the applying AMC’s. It is also my understanding that appraiser members of the VREAB are opposed to this administrative position and understand the importance of pre-licensing vetting.
To support our recent progress via the AMC laws which we worked so hard to pass, it is critical that on July 1, 2014, we present to the VREAB members documented evidence of those AMC’s whom violate Dodd-Frank, turn a blind eye to geographic competency, and have assignment conditions that are abusive to appraisers. To that end, I ask everyone to forward any and all information, solicitations, abusive assignment engagements, etc., to Pat Turner, at p…@petcorea.com, whom will archive the information until such time as VACAP presents the documentation to the VREAB.
We only get one bite at the pre-licensing apple. Let’s make it a big one!
VACAP – THE VOICE OF VIRGINIA APPRAISERS
J. Mark White