• Real Estate Appraiser Board

    Update on Appraisal Management Company (AMC) Licensure Requirement

    In accordance with state law, the Real Estate Appraiser Board expects to begin licensing Appraisal Management Companies (AMCs) in Virginia on February 1, 2015. The Board’s Final Regulations—signed by the Governor on November 3, and open for public comment from Dec. 1-31, 2014—detail the definitions, qualifications, fees, and standards of practice and conduct for AMCs. 

    The Board plans to start accepting AMC license applications on January 5, 2015. Even though the regulations and the requirement for licensure will not be effective until February 1, 2015, the AMC regulations and license application will be posted on the Board website in January.
      
    For more information, contact the Board office at (804) 367-2039 or REAppraisers@dpor.virginia.gov.