20, the Louisiana state legislature approved a set of appraisal management company rules that provide strong provisions regarding the payment of reasonable and customary
fees that were put forth by the state's appraiser board.
On a related topic, the appraisal organizations' letter stated, "We strongly believe that professional appraisal designations should be considered as one of the factors when determining a reasonable and customary
Although the FHA makes it clear that it does not set these fees, the agency notes that it expects lenders to know what is reasonable and customary
in the areas in which they lend and to ensure proper payment to appraisers.
Many of the schools I deal with offer low-end policies that cover only one-third of the reasonable and customary
costs for the medical care their athletes receive.
The broker seeking a commission based on quantum meruit is entitled to receive an award for the reasonable and customary
commission paid in the geographical area where the property is located.