32-3672. Certification on renewal
A. Each appraisal management company seeking to be registered in this state shall certify to the board on renewal on a form prescribed by the board that the appraisal management company has a system and process in place to verify that a person being added to the appraiser panel of the appraisal management company holds a license or certificate in good standing in this state pursuant to the board.
B. Each appraisal management company seeking to be registered in this state shall certify to the board on renewal that it has a system in place to review the quality of appraisals of all independent appraisers that are performing real property appraisal services for the appraisal management company on a periodic basis to confirm that the real property appraisal services are being conducted in accordance with uniform standards of professional appraisal practice.
C. Each appraisal management company seeking to be registered shall certify to the board on renewal that it maintains a detailed record of each service request that it receives and the name of the independent appraiser that performs the real property appraisal services for the appraisal management company. An appraisal management company shall maintain a detailed record for the same time period that an appraiser is required to maintain an appraisal record for the same real property appraisal activity.
D. Each appraisal management company seeking to be registered shall certify to the board on renewal that it has a system in place to train those who select individual appraisers for real property appraisal services in this state, to ensure that the selectors have appropriate training in placing appraisal assignments.
Section: Previous 32-3665 32-3666 32-3667 32-3668 32-3669 32-3670 32-3671 32-3672 32-3673 32-3674 32-3675 32-3676 32-3677 32-3678 32-3679 NextLast modified: October 13, 2016