NAR Comments on AMC Rule
On June 6, 2014, NAR President Steve Brown submitted comments to five federal agencies in response to a proposed rule on minimum requirements for appraisal management companies (AMCs). NAR supports the agencies efforts to guide states in registering and supervising AMCs. NAR commented on aspects of the proposed definition of an AMC and provided recommendations for calculating appraiser panel membership for registration purposes, how to distinguish between an AMC and appraisal firm, and how the Appraisal Subcommittee could implement standards if a state chooses not to participate.
Sarah C. Young, email@example.com, 202-383-1233