Monday, April 13, 2009

Florida's Effort to Regulate Appraisal Managment Companies

UPDATE 4-16-2009: It's not looking too good for the effort to regulate Appraisal Management Companies in Florida this year. Neither bill identified as a candidate to attach the AMC Regulation language as an amendment has been heard in committee. At this stage of the session, if a bill has not advanced, it ain't gonna.

Over the next two days several hundred Florida Realtors will visit Tallahassee, the state capital, to meet with our elected representatives. Florida Realtors have a number of legislative priorities, among them, the regulation of Appraisal Management Companies (AMCs).

Although we were able to get quite a bit of support lined up, the drafting of the appropriate bill took a little longer than we expected. Nevertheless, we have the bill ready, an amendment prepared, and bills in the Florida House and Senate identified as ready for amendment. We're not fooling ourselves, however. It will take some incredibly hard work and amazing luck to get this important task completed.

Watch HB 653 and SB 2524 and keep your fingers crossed that the AMC Regulation Amendment is attached and the bills are heard.

Updates will be made to this post as events warrant and time permits.

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