Virginia Appraisers in the Spotlight Again

by VaCAP Board · Published April 12, 2016 · Updated April 5, 2017

AMC staff appraisers and the lack of public protection and trust

AMC staff appraisers are not independent

If you have not already done so, please listen to the Voice of Appraisal with Phil Crawford. Once again, Phil has brought Virginia into the spot light. This is the third show Phil has talked about AMC staff appraiser positions and the lack of public protection and trust.

Thank You Phil and Kevin! Listen to the show at the bottom of this article.

Please attend and speak against AMCs hiring staff appraisers to complete the appraisal reports. By definition, an AMC and an appraiser have two very different functions. Even the National Association of Realtors has stated the AMC does not complete the appraisal report. This is not in the interest of public trust and allows an AMC to compete directly with an appraiser. See last week’s VaCAP communication which recites the legislative codes.

At the meeting:

Express your concerns this practice was not the intent of Federal or State Legislators.
Explain how the public is harmed with this practice – AMC staff appraisers are not independent.
Provide documentation of AMCs advertising for staff appraisers.
Ask the VREAB to address this issue at the meeting.

The Virginia Real Estate Appraisers Board Meeting
April 26th @ 10:00 AM
9960 Mayland Dr
Richmond, VA 23233

If you are unable to attend the VREAB meeting on April 26th, please express your concerns to them via email, US Postal Service, Fax, Telegram, carrier pigeon, or any other means you have. Please also express your concerns to the CFPB, OCC, FDIC, ASC, TAF and your Federal and State Legislators. You can even send them to VaCAP and we will pass them on for you. Please post your comments on Facebook as well.

We love hearing from you!

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Coalition of Appraisers in Virginia at Virginia Coalition of Appraiser Professionals

Coalition of individual appraisers working together to unite, promote and protect the collective interests of all appraisal professionals in Virginia; to promote needed changes in laws, rules, regulations, policies and standards affecting all appraisers in Virginia; to observe and report the actions of regulatory, legislative, oversight, and standards-setting entities of the Commonwealth.

Baggins - Thank you says:
April 12, 2016 at 1:56 pm
This is an interesting listen. I just whois’d the appraisalblacklist (.com), and the domain did read for sale. I was hoping to find a cached page or something, but this appears to be scrubbed out.
Mr Crawford, don’t forget about this guidance point: FDIC on appraiser selection: Page 9

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