Effective 5/12/2020 61-2g-401. State-certified and state-licensed appraisers — Restrictions on use of terms — Conduct prohibited or required — Trainee. (1) (a) The terms “state-certified general appraiser,” “state-certified residential appraiser,” and “state-licensed appraiser”: (i) may only be used to refer to an individual who is certified or licensed under this chapter; and (ii) may not […]
61-2g-402. Principal place of business — Display of documents — Notify of changes — Nonresidents. (1) A person licensed or certified under this chapter shall: (a) designate and maintain a principal place of business; and (b) conspicuously display the person’s license or certification. (2) Upon a change of a person’s principal business location or home […]
61-2g-403. Professional conduct — Uniform standards. (1) (a) A person licensed, certified, or registered under this chapter shall comply with: (i) generally accepted standards of professional appraisal practice; and (ii) generally accepted ethical rules to be observed by a real estate appraiser. (b) Subject to the other provisions of this Subsection (1), generally accepted standards […]
61-2g-404. Registration, licensure, or certification prerequisite to suit for compensation. A person engaged in the business of real estate appraising in this state or acting in the capacity of a real estate appraiser in this state may not bring or maintain an action as a plaintiff in a court of this state to collect compensation […]
Effective 5/12/2020 61-2g-405. Recordkeeping requirements. (1) Subject to Subsection (2), a person licensed or certified under this chapter shall retain for a period of five years the original or a true copy of: (a) each written contract engaging the person’s services for real estate or real property appraisal work; (b) each appraisal report prepared or […]
Effective 5/10/2016 61-2g-406. Contingent fees. (1) A person licensed or certified under this chapter who enters into an agreement to perform an appraisal may not accept a contingent fee. (2) A person may accept payment of a fixed fee or a contingent fee when the person: (a) if the person is not licensed or certified […]
61-2g-407. Consultation reports — Restrictions on use of terms. A person who presents or provides a price estimate or property tax information in accordance with Section 59-2-1017, or prepares a written or oral consultation report, may not refer to the price estimate, property tax information, or consultation report as an appraisal, an appraisal report, or […]
