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 fee .
What does R&C stand for?
R&C stands for Reasonable and Customary (charges)
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of R&C
- Rice and Beans
- Ring and Ball (softening point)
- Rock and Blues
- Rocky & Bullwinkle (cartoon)
- Room and Board
- Ross & Bonnyman (UK)
- Ross and Babcock (ticket agency)
- Ryfe-Boorstyn (algorithm)
- Ratchet and Clank (game)
- Rate and Comment
Samples in periodicals archive:
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.
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.