BLACKSBURG, Va., Oct. 7, 2014 – Virginia Tech researchers and students conducted a survey of Virginia residential real estate appraisers to analyze the patterns of fees earned in 2013. Prior to the release of this report, no data existed that defined “customary and reasonable” residential real estate appraisal fees in Virginia. This report is the third report of its type to be conducted in the United States, and the first in Virginia.
The research team was led by Andrew McCoy, director of the Virginia Center for Housing Research and Associate Director of the Myers-Lawson School of Construction and Kevin Boyle, director of the Virginia Tech Program in Real Estate and Principle Faculity in the Myers-Lawson School of Construction.
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