Sec. 13.3. (a) Before an appraisal management company may engage a real estate appraiser to perform an appraisal under this chapter, the appraisal management company shall provide the real estate appraiser with a proposed contract to perform the appraisal. The proposed contract must include the following:
(1) The order for appraisal.
(2) Information delineating the work to be completed.
(3) The date when the real estate appraiser must complete the appraisal.
(4) The terms and conditions for the payment of the real estate appraiser for the appraisal.
(b) A real estate appraiser may accept a proposed contract that is offered and signed, manually or electronically, by the appraisal management company by:
(1) signing a written contract and delivering the signed contract to the appraisal management company; or
(2) accepting the contract electronically through an electronic mail, facsimile transmission, or digital image to the appraisal management company.
As added by P.L.145-2018, SEC.1.
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