Maine Revised Statutes Title 32 Sec. 14048 – Employee requirements
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An appraisal management company that is licensed or applies for a license or renewal of a license may not: [PL 2017, c. 475, Pt. D, §1 (REEN).]
1. Ordering and reviewing of appraisal services. Knowingly employ any person in a position in which the person has the responsibility to order appraisal services or to review the results of a completed appraisal service who has had a license or certificate to act as an appraiser in this State or any other state refused, denied, cancelled, revoked or surrendered in lieu of a pending revocation unless the license or certificate was subsequently granted or reinstated; and
[PL 2017, c. 475, Pt. D, §1 (REEN).]
Terms Used In Maine Revised Statutes Title 32 Sec. 14048
- Appraisal: A determination of property value.
- Appraisal service: means an act or process of completing an appraisal assignment. See Maine Revised Statutes Title 32 Sec. 14042
- Appraiser: means a person licensed under chapter 124. See Maine Revised Statutes Title 32 Sec. 14042
- Person: means an individual, firm, partnership, association, corporation, limited liability company, sole proprietorship or any other entity. See Maine Revised Statutes Title 32 Sec. 14042
2. Independent contractor. Knowingly enter into any independent contractor arrangement for the performance of appraisal services with a person who has had a license or certificate to act as an appraiser in this State or any other state refused, denied, cancelled, revoked or surrendered in lieu of a pending revocation unless the license or certificate was subsequently granted or reinstated.
[PL 2017, c. 475, Pt. D, §1 (REEN).]
SECTION HISTORY
PL 2017, c. 270, §1 (NEW). PL 2017, c. 475, Pt. D, §1 (REEN). MRSA T. 32 §14049-K, sub-§1 (RP).