Fair and Customary Fees?

My understanding is that FHA requires appraisers be paid fair and customary fees...and that this does not include fees paid by AMC's.

Okay, I thought, we are making progress...ha...just when does this start? When I inspect a house that is for FHA the inspection time is doubled for me. My inspection includes but is not limited to photos of the attic and crawl space (if there is one), testing all of the appliances, the furnace and A/C, the garage door, windows in each room. I also check the water pressure, take pictures of each room, not any problem areas...well, you get the picture so I won't bore you with more of that...

Today I received a call from an AMC for a home needing an FHA certified appraiser...which I am...for Conroe. The fee was $300...now normal fees for a conventional appraisal in this area is about $350 for a typical single family residence..sometimes more or a little less...$400 for FHA.

So, how does $300 become customary let alone fair for an FHA appraisal that takes longer to do? I just don't get it...what good are regulations if no one abides by them? Thanks, Active Rain, for allowing me to rant