California Business and Professions Code 11345.45 – A person or entity may not structure an appraisal assignment for, or …
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A person or entity may not structure an appraisal assignment for, or a contract with, an employee appraiser or an independent contractor appraiser for the purpose of evading the provisions of this part relating to appraisal management companies.
(Amended by Stats. 2012, Ch. 683, Sec. 6. (AB 2519) Effective January 1, 2013.)
Terms Used In California Business and Professions Code 11345.45
- Appraisal: A determination of property value.
- Contract: A legal written agreement that becomes binding when signed.