Cracking Down on Appraiser Licenses & Higher Fees
Now they’re saying your license has to be revoked!
The Federal Government is cracking down on appraiser licenses that were issued by the states where the applicant did not meet the “new” TAF requirements. Several states have this problem. Virginia is in that mix. About nine appraiser licenses were issued that the Federal Government is now saying have to be revoked. About half of these people have reached out to me. There is not a lot I can do or VACAP can do. But the state will be addressing this issue over the next couple of board meetings. So if you are among the 9 to be revoked, I would plan on attending the next board meeting on April 26th.
It has been almost a month since the VREAB adopted the Veterans Administration Fee schedule as the presumptive minimum Customary and Reasonable Fee. VaCAP has gotten feed back from many appraisers with great success in obtaining a customary and reasonable fee. We have also heard from some that have been greeted with resistance. Keep the stories coming. We want the information. Please know that all information sent to VaCAP is held in confidence. If we need to forward you story, for what ever reason, we will ask your permission first.
Below is the information we sent out last month announcing the Veterans Administration Fee Schedule adoption. Please continue to use it to advocate for customary and reasonable fees. Every appraiser, AMC or Appraisal company licensed by the Department of Professional Occupation Regulations should be signed up with the Townhall and can access the Guidance Document issued by DPOR.
If you get resistance from an AMC for a customary and reasonable fee…
– Send them the guidance document (embedded below).
If the appraisal assignment is reassigned after asking for a customary and reasonable fee…
By Alex Uminski, VaCAP Treasurer
Virginia Real Estate Appraiser Board Guidance Document Customary & Reasonable Compensation for Fee Appraisers