Arizona Laws 32-3676. Appraisal reports; alteration; use
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An appraisal management company shall not:
Terms Used In Arizona Laws 32-3676
- Appraisal: A determination of property value.
- Appraisal: means the act or process of developing an opinion of the value of real property in conformance with the uniform standards of professional appraisal practice published by the appraisal foundation, or any other definition used in state or federal laws. See Arizona Laws 32-3661
- Appraisal report: means any communication, written or oral, of an appraisal. See Arizona Laws 32-3601
- Appraiser: means a person who is licensed or certified as an appraiser pursuant to this chapter and who performs valuation services competently and in a manner that is independent, impartial and objective. See Arizona Laws 32-3661
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
1. Alter, modify, revise or otherwise change a completed appraisal report submitted by an independent appraiser, including removing the signature of the appraiser.
2. Use an appraisal report submitted by an independent appraiser for any purpose other than the intended use stated in the report.