61-2b-17 - State-certified and state-licensed appraisers -- Restrictions on use of terms -- Conduct prohibited or required -- Trainee. - Utah Statutes

61-2b-17. State-certified and state-licensed appraisers -- Restrictions on use ofterms -- Conduct prohibited or required -- Trainee.
(1) (a) The terms "state-certified general appraiser," "state-certified residential appraiser,"and "state-licensed appraiser":
(i) may only be used to refer to an individual who is certified or licensed under thischapter; and
(ii) may not be used following, or immediately in connection with, the name or signatureof a firm, partnership, corporation, or group, or in any manner that it might be interpreted asreferring to a firm, partnership, corporation, group, or to anyone other than the individual who iscertified or licensed under this chapter.
(b) The requirement of this Subsection (1) may not be construed to prevent astate-certified general appraiser from signing an appraisal report on behalf of a corporation,partnership, firm, or group practice if it is clear that:
(i) only the individual is certified; and
(ii) the corporation, partnership, firm, or group practice is not certified.
(c) Except as provided in Section 61-2b-25, a certificate or license may not be issuedunder this chapter to a corporation, partnership, firm, or group.
(2) (a) A person other than a state-certified general appraiser or state-certified residentialappraiser, may not assume or use any title, designation, or abbreviation likely to create theimpression of certification in this state as a real estate appraiser.
(b) A person other than a state-licensed appraiser may not assume or use any title,designation, or abbreviation likely to create the impression of licensure in this state as a realestate appraiser.
(3) (a) Only an individual who has qualified under the certification requirements of thischapter is authorized to prepare and sign a certified appraisal report relating to real estate or realproperty in this state.
(b) If a certified appraisal report is prepared and signed by a state-certified residentialappraiser, the certified appraisal report shall state, immediately following the signature on thereport, "State-Certified Residential Appraiser."
(c) If a certified appraisal report is prepared and signed by a state-certified generalappraiser, the certified appraisal report shall state, immediately following the signature on thereport, "State-Certified General Appraiser."
(d) An appraisal report prepared by a state-licensed appraiser shall state, immediatelyfollowing the signature on the report, "State-Licensed Appraiser."
(e) When signing a certified appraisal report, a state-certified appraiser shall also placeon the report, immediately below the state-certified appraiser's signature the state-certifiedappraiser's certificate number and its expiration date.
(f) A state-certified residential appraiser may not prepare a certified appraisal reportoutside the state-certified residential appraiser's authority as defined in Section 61-2b-13.
(g) A state-licensed appraiser who assisted in the preparation of a certified appraisalreport is authorized to cosign the certified appraisal report.
(4) A person who has not qualified under this chapter may not describe or refer to anyappraisal or appraisal report relating to real estate or real property in this state by the terms"certified appraisal" or "certified appraisal report."
(5) If a trainee assists a state-certified appraiser in the preparation of an appraisal report,

the appraisal report shall disclose:
(a) the trainee's name; and
(b) the extent to which the trainee assists in the preparation of the appraisal report.

Amended by Chapter 379, 2010 General Session