Use of Title or Terms Denoting Appraiser Classification; Federally Related Transactions; No Issuance of Classification to Business Entity

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  2. Georgia Code
  3. Professions and Businesses
  4. Real Estate Appraisers
  5. Use of Title or Terms Denoting Appraiser Classification; Federally Related Transactions; No Issuance of Classification to Business Entity

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  1. No appraiser who holds an appraiser classification may use any title, designation, or abbreviation likely to create the impression that such appraiser holds a different appraiser classification. No appraiser shall describe or refer to any appraisal report or any appraisal or other evaluation of real estate by a term or terms which are likely to create the impression that the appraisal was done by an appraiser with a different appraiser classification than that held by the appraiser performing the appraisal.
  2. If an appraiser does not hold an appraiser classification which permits the performance of a particular appraiser assignment for use in a federally related transaction, the appraiser must include in such appraiser's appraisal report a statement that the appraisal report may not be eligible for use in a federally related transaction.
  3. A term or title denoting an appraiser classification may only be used to refer to individuals who hold such appraiser classification and may not be used following or immediately in connection with the name or signature of a firm, partnership, limited liability company, corporation, or group or in such manner that it might be interpreted as referring to a firm, partnership, limited liability company, corporation, group, or anyone other than an individual holder of the appraiser classification.
  4. No appraiser classification shall be issued under the provisions of this chapter to a corporation, partnership, limited liability company, firm, or group.

(Code 1981, §43-39A-19, enacted by Ga. L. 1990, p. 1701, § 1; Ga. L. 1992, p. 1402, § 1; Ga. L. 1993, p. 123, § 47.)


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