58-4705. Same; exemptions from registration. (a) The registration provisions of this act shall not apply to an AMC that is a subsidiary owned and controlled by a financial institution regulated by a federal financial institutions regulatory agency.
(b) The provisions of this act shall not apply to:
(1) A person as defined in K.S.A. 2021 Supp. 58-4703, and amendments thereto, who exclusively employs appraisers on an employer and employee basis for the performance of appraisals; or
(2) an individual or individuals who are state-certified or state-licensed appraisers in good standing credentialed by the board and who are actively engaged in the practice of real estate appraising and, as a function of the practice, maintain a list of not more than 15 employees who are credentialed appraisers in good standing or independent contractor credentialed appraisers in good standing.
History: L. 2012, ch. 93, ยง 5; July 1.
Structure Kansas Statutes
Chapter 58 - Personal And Real Property
Article 47 - Kansas Appraisal Management Company Registration Act
58-4701 Kansas appraisal management company registration act; citation of act.
58-4704 Same; application for registration; transmission of information to national registry.
58-4705 Same; exemptions from registration.
58-4706 Same; registration period.
58-4707 Same; requirements for nonresident applicants; investigation.
58-4708 Same; fees; collection and remittance.
58-4709 Same; limitation on ownership interest in an AMC; conditions.
58-4710 Same; designation of controlling person for AMC.
58-4711 Same; AMC appraiser requirements.
58-4712 Same; appraisal review reporting.
58-4713 Same; record keeping required; inspection of records.
58-4715 Same; unlawful acts; registration required.
58-4717 Same; prohibited acts.
58-4719 Same; modification of appraisal prohibited.
58-4720 Same; registration number.
58-4721 Same; removal of appraiser, limitation.
58-4722 Same; denial of registration or renewal thereof; grounds.
58-4723 Same; penalties; hearing.