California Business and Professions Code 11323 – No licensee shall engage in any appraisal activity if his or her …
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No licensee shall engage in any appraisal activity if his or her compensation is dependent on or affected by the value conclusion generated by the appraisal.
(Amended by Stats. 2017, Ch. 429, Sec. 63. (SB 547) Effective January 1, 2018.)
Terms Used In California Business and Professions Code 11323
- Appraisal: A determination of property value.
- Dependent: A person dependent for support upon another.
- Licensee: means any person authorized by a license, certificate, registration, or other means to engage in a business or profession regulated by this code or referred to in Sections 1000 and 3600. See California Business and Professions Code 23.8