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Appraisal Management Companies

Georgia House Bill 1050, which requires Appraisal Management Companies in Georgia to register with the Georgia Real Estate Appraisers Board, was signed by the Governor on June 2, 2010.  This bill amends O.C.G.A. Title 40-39A.

List of Appraisal Management Companies

The following Rules of the Georgia Appraiser Board have been updated regarding the new AMC requirements:

Revised Board Rules Sep 2010

Revised Board Rules Oct 2010

Application Forms

ADOPTED RULE – CUSTOMARY AND REASONABLE FEES

The Board has adopted a rule that requires Appraisal Management Companies (“AMCs”) to pay appraisers customary and reasonable fees for appraisal services being performed for one to four family residential units for the market area being appraised.

You can read the rule at:

http://www.grec.state.ga.us/about/appradopted.html

The Board has also funded a study of customary and reasonable fees paid in Georgia in 2014 for appraisal services being performed for one to four family residential units.

Georgia Appraiser Fee Study 2014