Indiana § 25-34.1-11-11 Restrictions on appraisal management companies

Indiana Statutes

§ 25-34.1-11-11 — Restrictions on appraisal management companies

Indiana § 25-34.1-11-11

Title 25PROFESSIONS AND OCCUPATIONS

Art. 34.1REAL ESTATE BROKERS AND

Ch. 11Appraisal Management Companies

This text of Indiana § 25-34.1-11-11 (Restrictions on appraisal management companies) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 25-34.1-11-11 (2026).

Text

(a)A person may not own an interest in an appraisal management company if the person has had the person's license or certificate to act as a real estate appraiser in Indiana or any other state revoked and the license or certificate has not been reinstated.

(b)An appraisal management company may only hire an independent contractor to perform an appraisal who:

(1)holds a license or certificate under IC 25-34.1-3-8 or a license as a real estate broker under IC 25-34.1; and

(2)is in good standing.

(c)An appraisal management company may not corrupt or improperly influence a real estate appraiser in violation of IC 24-5-23.5-7.

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(a) A person may not own an interest in
an appraisal management company if the person has had the person's
license or certificate to act as a real estate appraiser in Indiana or any
other state revoked and the license or certificate has not been
reinstated.
(b) An appraisal management company may only hire an
independent contractor to perform an appraisal who:
(1) holds a license or certificate under IC 25-34.1-3-8 or a license
as a real estate broker under IC 25-34.1; and
(2) is in good standing.
(c) An appraisal management company may not corrupt or
improperly influence a real estate appraiser in violation of IC 24-5-23.5-7.