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AMC owner sets record straight on media reports of Louisiana fine
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Brian Coester, CEO of Coester Valuation Management Services, an AMC based in Rockville, Md., is going on record to clear his company’s name after a confidential settlement between his company and the Louisiana Real Estate Appraisal Board was leaked by a board staff member to a mortgage industry publication, sparking reports about the nature of the settlement and industry gossip about whether Coester VMS pays its appraisers “customary and reasonable” fees. Read on for Coester’s side of the story, which concerns not only this incident, but also a controversial conflict between federal and state law about how appraisal fees should be established.
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