A. Any employee of the appraisal management company, or any person working on behalf of the appraisal management company, that has the responsibility of selecting independent appraisers for the performance of real estate appraisal services for the appraisal management company or the responsibility of reviewing completed appraisals shall have geographic and product competence and be appropriately trained and qualified in the performance of real estate appraisals as determined by the board by rule.
B. Any employee of the appraisal management company that has the responsibility to review the work of independent appraisers shall have demonstrated knowledge of the uniform standards of professional appraisal practice, as determined by the board by rule.
History: Laws 2009, ch. 214, § 12; 2010, ch. 13, § 3.
ANNOTATIONSThe 2010 amendment, effective July 1, 2010, in Subsection A, after "reviewing completed appraisals shall", added "have geographic and product competence and".