Sec. 2633. A licensee shall do all of the following:
(a) Include, in any appraisal or report provided to a client, the following statement:
“Appraisers are required to be licensed and are regulated by the Michigan Department
of Labor and Economic Growth, P.O. Box 30018, Lansing, Michigan 48909.”.
(b) Maintain an actual place of business whose address shall be used as the licensee
address and in all advertising.
(c) Maintain a system of books and records open to the department upon request during
normal business hours. The books and records shall be maintained in accordance with the uniform standards
of professional appraisal practice, the requirements of this article, and any requirements
imposed by rules promulgated under this article. The books and records shall show all appraisals undertaken by name of client and
the address or description of the property appraised. In addition, applicants for licensure as a state licensed real estate appraiser,
a certified residential real estate appraiser, or a certified general real estate
appraiser must also provide an appraisal log that includes, at a minimum, the documentation or data required to be kept under the AQB criteria.
(d) Advertise only the services authorized to be rendered according to the type of
license issued and only in the name and address under which the individual is licensed. The licensee shall indicate on every appraisal report the license number and level
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.