Section 339.23401. Licensee relationship to others participating in preparation of appraisals.

 A state licensed  or   certified  residential  or   certified general real estate appraiser shall not sign an appraisal report for a federally related transaction unless that licensee has  performed   the appraisal  in accordance with uniform standards of professional appraisal practice and is properly licensed to perform the assignment. The material participation of any other individual in preparing the report shall be acknowledged in the report as required by the uniform standards of professional appraisal practice regardless of the licensure status  of  the  other individual.   The signature  of    a   state-licensed,   a    certified residential,   or   a certified general appraiser  as  a  supervisory  or co-signing appraiser shall not be  used to mask the preparation of a report by an individual who is not authorized to sign the report.

History: 1996 AACS; 2002 AACS; 2006 AACS.