§ 858-804. Application for registration
Oklahoma Statutes AnnotatedTitle 59. Professions and OccupationsEffective: November 1, 2019
Effective: November 1, 2019
59 Okl.St.Ann. § 858-804
§ 858-804. Application for registration
A. It is unlawful for a person to directly or indirectly engage or to attempt to engage in business as an AMC, to directly or indirectly perform or to attempt to perform appraisal management services, or to advertise or hold itself out as engaging in or conducting business as an AMC without first obtaining a registration issued by the Oklahoma Real Estate Appraiser Board under the provisions of the Oklahoma Appraisal Management Company Regulation Act.
8. A certification that the entity has a system and process in place to verify that a person being added to the appraiser panel of the AMC for appraisal services being performed in Oklahoma holds a credential in good standing in this state pursuant to the Oklahoma Certified Real Estate Appraisers Act1 and the rules promulgated thereunder if a license or certification is required to perform appraisals, pursuant to Section 858-817 of this title;
9. A certification that the entity has a system in place to review the work of a statistically significant number of appraisal reports submitted by each appraiser who is performing real estate appraisal services for the AMC within Oklahoma on a periodic basis to validate that the real estate appraisal services are being conducted in accordance with USPAP and the Oklahoma Certified Real Estate Appraisers Act and the rules promulgated thereunder;
Credits
Laws 2010, c. 364, § 4, eff. Jan. 1, 2011; Laws 2016, c. 195, § 2, eff. Nov. 1, 2016; Laws 2019, c. 90, § 4, eff. Nov. 1, 2019.
Footnotes
Title 59, § 858-700 et seq.
59 Okl. St. Ann. § 858-804, OK ST T. 59 § 858-804
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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