Nothing in this chapter shall apply to:
(1) An appraisal management company that is a subsidiary owned and controlled by a financial institution that is subject to direct regulation by an agency of the United States government or of this State.
(2) A corporation, partnership, sole proprietorship, subsidiary or other business entity that employs real estate appraisers exclusively on an employer and employee basis for the performance of all real property appraisal services in the normal course of its business and that is responsible for ensuring that the real property appraisal services being performed by its employees are being performed in accordance with Uniform Standards of Professional Appraisal Practice and federal and state law.
Structure Delaware Code
Title 24 - Professions and Occupations
Chapter 40. REAL ESTATE APPRAISERS
Subchapter IV. Appraisal Management Companies
§ 4022. Registration of appraisal management companies.
§ 4023. Exemptions from registration.
§ 4024. Registration form for appraisal management companies.
§ 4025. Owner requirements for appraisal management companies [Effective until Jan. 1, 2023].
§ 4025. Owner requirements for appraisal management companies [Effective Jan. 1, 2023].
§ 4026. Appraisal management company controlling person [Effective until Jan. 1, 2023].
§ 4026. Appraisal management company controlling person [Effective Jan. 1, 2023].
§ 4027. Appraisal management company employees.
§ 4028. Agreements with independent appraisers; limitations.
§ 4029. Biennial certification; renewal.
§ 4031. Appraiser independence; prohibitions.
§ 4033. Appraisal reports; alteration; use.
§ 4034. Removal of appraisers from appraiser panels.