Given that each state is responsible for crafting its own appraisal management company (AMC) registration laws, there is no one state registration law that matches that of another. Needless to say, complying with the currently enacted laws is complicated. Let’s not forget that there are still 15 states with legislation coming down the pike.

“The biggest impact on the AMC industry is in the area of compliance with the state laws,” said Richard Borges II, president of the Appraisal Institute. “The Appraisal Institute anticipates there eventually will be 55 different state AMC laws. AMCs that operate in multiple states will have to very carefully watch the registration deadlines, fees, operating requirements and any changes that occur to the rules and regulations to ensure they are in compliance.”