Sec. 11. (a) A person may not own an interest in an appraisal management company if the person has had the person's license or certificate to act as a real estate appraiser in Indiana or any other state revoked and the license or certificate has not been reinstated.
(b) An appraisal management company may only hire an independent contractor to perform an appraisal who:
(1) holds a license or certificate under IC 25-34.1-3-8 or a license as a real estate broker under IC 25-34.1; and
(2) is in good standing.
(c) An appraisal management company may not corrupt or improperly influence a real estate appraiser in violation of IC 24-5-23.5-7.
As added by P.L.77-2010, SEC.2.
Structure Indiana Code
Title 25. Professions and Occupations
Article 34.1. Real Estate Brokers and Salespersons
Chapter 11. Appraisal Management Companies
25-34.1-11-2. "Appraisal Management Company"
25-34.1-11-3. "Appraisal Management Services"
25-34.1-11-6. "Real Estate Appraiser"
25-34.1-11-8. Certificate of Registration Required
25-34.1-11-9. Information and Fee Required for Registration
25-34.1-11-10. Issuance of a Certificate of Registration
25-34.1-11-11. Restrictions on Appraisal Management Companies
25-34.1-11-12. Appraisal Reviews
25-34.1-11-13. Service Requests; Record Requirements
25-34.1-11-14. Registration Forms
25-34.1-11-15. Registration Fee
25-34.1-11-16. Appraisals; Standards Compliance
25-34.1-11-17. Disciplinary Sanctions