Okla. Stat. tit. 59, § 59-858-820

This is the official text of Okla. Stat. tit. 59, § 59-858-820, part of Oklahoma’s Stat. tit. 59, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 59,." Browse the sections below, each linked to its official government source.

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Prohibited acts

Official statutory text

An AMC shall not perform or attempt to perform any one or more

of the following acts:

1. Require an appraiser to modify any aspect of an appraisal

unless the modification complies with Section 858-819 of this title;

2. Require an appraiser to prepare an appraisal if the

appraiser, in the appraiser's own independent professional judgment,

believes the appraiser does not have the necessary expertise for the

assignment or for the specific geographic area and has notified the

AMC and declined the assignment;

3. Require an appraiser to prepare an appraisal under a time

frame that the appraiser, in the appraiser's own professional

judgment, believes does not afford the appraiser the ability to meet

all the relevant legal and professional obligations and has notified

the AMC and declined the assignment;

4. Prohibit or inhibit legal or other allowable communication

between the appraiser and:

a. the lender,

b. a real estate licensee, or

c. any other person from whom the appraiser, in the

appraiser's own professional judgment, believes

information would be relevant;

5. Requires the appraiser to do anything that does not comply

with:

a. USPAP,

b. the Oklahoma Certified Real Estate Appraisers Act or

the rules promulgated thereunder, or

c. any assignment conditions and certifications required

by the client; or

6. Makes any portion of the appraiser's fee or the AMC's fee

contingent on a predetermined or favorable outcome, including but

not limited to:

a. a loan closing, or

b. specific dollar amount being achieved by the appraiser

in the appraisal.

Oklahoma Statutes - Title 59. Professions and Occupations Page 790

Status: in_force · Read it on the official government site

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