Section 3312 - Prohibitions; penalty; exemption(a) Unless licensed in accordance with the provisions of this chapter, a person shall not: (1) perform an appraisal in a federally related transaction when a licensed or certified appraiser is required by the Act; or(2) use in connection with his or her name any letters, words, or insignia indicating that he or she is a State certified or licensed real estate appraiser.(b) An individual who violates a provision of subsection (a) of this section shall be subject to the penalties provided in 3 V.S.A. § 127.(c) A registered appraisal management company shall not be required to be licensed in order to acquire and provide finished appraisals to third parties.Added 1989, No. 264 (Adj. Sess.), § 1; amended 1993, No. 217 (Adj. Sess.), § 2; 2007, No. 29, § 48; 2009 , No. 103 (Adj. Sess.), § 41; 2019 , No. 30, § 21.