Sec. 3. (a) As used in this chapter, "appraisal management services" means any of the following functions:
(1) To recruit, qualify, verify licensing or certification, or negotiate fees and service level expectations with independent real estate appraisers on behalf of a person seeking an appraisal.
(2) To receive an order for an appraisal from a person and deliver the order for completion to a independent real estate appraiser.
(3) To track and determine the status of orders for appraisals.
(4) To conduct quality control of a completed appraisal before delivery of the appraisal to the client who ordered the appraisal.
(5) To provide a completed appraisal performed by a real estate appraiser to one (1) or more clients.
(b) The term does not include transportation or communication of an appraisal or order for an appraisal without concern for the appraisal information in the appraisal or the order for an appraisal, including transportation or communication by the United States Postal Service, a delivery company, a courier, or an Internet service provider.
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