Section 34-27A-24 Retention of appraiser; appraisal assignment. - Alabama Statutes

Section 34-27A-24

Retention of appraiser; appraisal assignment.

(a) A client or employer may retain or employ a licensed real estate appraiser to act as a disinterested third party in rendering an unbiased estimate of value. In either case, the appraisal and the appraisal report shall comply with this chapter.

(b) For the purposes of this chapter, the term "appraisal assignment" means an engagement for which an appraiser is employed or retained to act, or would be perceived by the third parties or the public as acting, as a disinterested third party in rendering an appraisal.

(Acts 1990, No. 90-639, p. 1175, §24; Acts 1994, No. 94-117, p. 128, §1.)