58-4717. Same; prohibited acts. No AMC shall perform or attempt to perform any of the following acts:
(a) Require an appraiser to modify any aspect of an appraisal unless the modification complies with subsection (b) of K.S.A. 2021 Supp. 58-4716, and amendments thereto;
(b) require an appraiser to prepare an appraisal if the appraiser, in the appraiser's own independent professional judgment:
(1) Believes the appraiser does not have the necessary expertise for the assignment or for the specific geographic area; and
(2) the appraiser has notified the AMC and declined the assignment;
(c) require an appraiser to prepare an appraisal under a time frame that the appraiser, in the appraiser's own professional judgment:
(1) Believes does not afford the appraiser the ability to meet all the relevant legal and professional obligations; and
(2) the appraiser has notified the AMC and declined the assignment;
(d) prohibit or inhibit legal or other allowable communication between the appraiser and the lender, a real estate licensee, or any other person from whom the appraiser, in the appraiser's own professional judgment, believes information would be relevant;
(e) require the appraiser to do anything that does not comply with USPAP, the state certified and licensed real estate appraisers act or the regulations adopted thereunder, or any assignment conditions and certifications required by the client; or
(f) make any portion of the appraiser's fee or the AMC's fee contingent on a predetermined or favorable outcome, including, but not limited, to a loan closing or a specific dollar amount being achieved by the appraiser in the appraisal.
History: L. 2012, ch. 93, ยง 17; 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.