Indiana § 25-34.1-11-3 "Appraisal management services"

Indiana Statutes

§ 25-34.1-11-3 — "Appraisal management services"

Indiana § 25-34.1-11-3

Title 25PROFESSIONS AND OCCUPATIONS

Art. 34.1REAL ESTATE BROKERS AND

Ch. 11Appraisal Management Companies

This text of Indiana § 25-34.1-11-3 ("Appraisal management services") 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 § 25-34.1-11-3 (2026).

Text

(a)As used in this chapter, "appraisal management services" means any of the following functions:

(1)To recruit, qualify, verify licensing or certification, or negotiate fees and service level expectations with independent real estate appraisers on behalf of a person seeking an appraisal.

(2)To receive an order for an appraisal from a person and deliver the order for completion to a independent real estate appraiser.

(3)To track and determine the status of orders for appraisals.

(4)To conduct quality control of a completed appraisal before delivery of the appraisal to the client who ordered the appraisal.

(5)To provide a completed appraisal performed by a real estate appraiser to one (1) or more clients.

(b)The term does not include transportation or communication of an appraisal or

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(a) As used in this chapter, "appraisal
management services" means any of the following functions:
(1) To recruit, qualify, verify licensing or certification, or
negotiate fees and service level expectations with independent
real estate appraisers on behalf of a person seeking an appraisal.
(2) To receive an order for an appraisal from a person and deliver
the order for completion to a independent real estate appraiser.
(3) To track and determine the status of orders for appraisals.
(4) To conduct quality control of a completed appraisal before
delivery of the appraisal to the client who ordered the appraisal.
(5) To provide a completed appraisal performed by a real estate
appraiser to one (1) or more clients.
(b) The term does not include transportation or communication of
an appraisal or order for an appraisal without concern for the appraisal
information in the appraisal or the order for an appraisal, including
transportation or communication by the United States Postal Service,
a delivery company, a courier, or an Internet service provider.