$401 is “the best estimate” of the average sfr fee being received in Virginia for non AMC work up through 2013. It has little to do with what is customary for specific assignment complexity, and NOTHING to do with what is “reasonable” on a per hour basis in 2014; 2015 & certainly not in 2016.

It is a good study and a helpful one, but it is hardly “an undisputable benchmark” nor should it be confused for one.

Frankly what is needed is an appraiser conducted study across the country…or you could just use the federal equivalent analyses I’ve already published and submitted to CFPB through the American Guild of Appraisers. It is also posted at http://mfford.com/html/c___r_fees.htm

I’ve read numerous State University studies and while systematically performed they are conducted by non appraisers that do not understand the nuances of the profession or how they relate to fees. The presumption that a university study is going to be adequate or the best method to determine C&R is simply erroneous.