Section 12 AAC 70.165 - Real estate appraisal management company and panel standards A real estate appraisal management company operating in the state shall
(1) be registered in the state if the appraisal management company oversees a panel of more than 15 appraisers certified in the state, or 25 or more appraisers certified in two or more states within a 12-month period; (2) have a process in place to verify that all appraisers are certified by the state and in good standing, and have geographic competency for the market area in which the appraisal is performed; and(3) report to the board on a form provided by the department and submit the fee required in 12 AAC 02.370(b)(4) not later than 30 days after a change of(A) the designated controlling person who meets the requirements of 12 AAC 70.160(a)(1)(E);(B) an owner who owns more than 10 percent of the company who meets the requirements of 12 AAC 70.160(b); or(C) a director, officer, or agent.(b) A real estate appraisal management company may not remove an appraiser from the appraisal panel until after (1) written notice has been sent to the appraiser of the removal from the appraiser panel with an explanation and reason for the action; (2) a written notice is received from the appraiser asking to be removed from the appraiser panel; or (3) notice of death or incapacitation of the appraiser has been received.Eff. 3/28/2019, Register 229, April 2019; am 4/8/2021, Register 238, July 2021Authority:AS 08.01.065
AS 08.87.020
AS 08.87.130
AS 08.87.135