Wednesday, August 10, 2011

AMC''s ordering in KY

I get several requests per week from appraisal management companies (AMC's) that operate outside of the state of KY.  You would be surprised how many of them have no idea that in order to do business in the Commonwealth, they need to register with the Secretary of State.  Most of these AMC's are unaware they are in a position to be fined for non-compliance.  Visit the following link to get signed up:  http://sos.ky.gov/business/filings/

On a separate note, AMC registration will be mandatory starting Oct 1.  There will be very stiff fines for AMC's who try to do business in KY without registering with the Kentucky Real Estate Appraiser's Board.  Please visit the following website to get signed up: http://kreab.ky.gov/

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