Announcing VT Customary and Reasonable Fee Survey Release
Dear Appraiser Colleagues,
Awhile back, you responded to a request from VaCAP to supply your e-mail address to participate in an upcoming Customary and Reasonable Fee Survey to be conducted by the Virginia Center for Housing Research and the Virginia Tech Program in Real Estate.
This communication is to notify you of the survey’s eminent release. Please look for it to be sent to you via e-mail in the next couple of days.
Your participation in the survey is vital to the success of this endeavor. Please take the few minutes necessary to complete the survey; it should only take 5-10 minutes.
While Dodd-Frank explicitly excludes the inclusion of fees paid to appraisers by AMC’s in a C & R Fee survey, the survey that you will receive asks for the disclosure of both the fees paid by clients whom directly engage the appraiser, and for fees paid when the appraiser is engaged by an AMC. Please read the questions carefully.
Thank you in advance for your participation in the survey.
J. Mark White
|If you would like to participate in the VT C&R Fee Survey, please contact VaCAP:
- AMC Engagement Letter: Appraisers Do Not Include Your Invoice - July 28, 2023
- We the People… - April 9, 2023
- Federal Valuation Agency Impact on Appraisers & the Public - July 22, 2022