Current through Register Vol. 54, No. 45, November 9, 2024
Section 36.436 - Requirements for solicitation or order of appraisals(a) An appraisal management company shall include in an order or order solicitation for appraisal services from a certified residential appraiser or certified general appraiser who is not an employee of the appraisal management company: (1) The fee to be paid to the appraiser for the appraisal assignment.(2) The terms for time of payment for appraisal services, if the terms are not identified within an existing contractual agreement between the parties.(3) The appraisal management company's registration number.(b) An appraisal management company may satisfy the requirements of subsection (a) by either of the following means: (1) A legible statement of the required information on an order or order solicitation for an appraisal assignment.(2) A legible reference to an existing written agreement between the appraisal management company and the appraiser that includes the required information.(c) An appraisal management company shall include in an appraiser panel solicitation in this Commonwealth its appraisal management company registration number.