Utah Code Title 61. Securities Division--Real Estate Division § 61-2e-307. Prohibited acts--Exclusions

(a) engage in an act of coercion, extortion, intimidation, or bribery for any purpose related to an appraisal;

(b) compensate an appraiser in a manner that the person should reasonably know would result in the appraiser not conducting a real estate appraisal activity in a manner consistent with applicable appraisal standards;

(c) engage in the business of an appraisal management company under an assumed or fictitious name not properly registered in the state;

(d) accept a contingent fee for performing an appraisal management service if the fee is contingent on:

(e) require an appraiser to indemnify the appraisal management company against liability except liability for errors and omissions by the appraiser;

(f) alter, modify, or otherwise change a completed appraisal report submitted by an appraiser; or

(g) engage in any act or practice that violates appraisal independence as defined in 15 U.S.C. Sec. 1639e or in the policies and procedures of:

(a) coercion;

(b) extortion;

(c) collusion;

(d) compensation;

(e) instruction;

(f) inducement;

(g) intimidation;

(h) bribery; or

(i) any other manner that would constitute undue influence.

(a) withholding or threatening to withhold timely payment for an appraisal;

(b) withholding or threatening to withhold future business for an appraiser;

(c) taking adverse action or threatening to take adverse action against an appraiser regarding use of the appraiser for a real estate appraisal activity;

(d) expressly or by implication promising future business or increased compensation for an appraiser;

(e) conditioning one or more of the following on the opinion, conclusion, or valuation to be reached, or on a preliminary estimate or opinion requested from an appraiser:

(f) requesting that an appraiser provide at any time before the appraiser's completion of a real estate appraisal activity:

(g) except for a copy of a sales contract for a purchase transaction, providing to an appraiser:

(h) providing to an appraiser, or an individual related to the appraiser, stock or other financial or non-financial benefits;

(i) allowing the removal of an appraiser from an appraiser panel, without prior written notice to the appraiser as required by Section 61-2e-306;

(j) obtaining, using, or paying for a subsequent appraisal or ordering an automated valuation model in connection with a mortgage financing transaction unless:

(k) removing or threatening to remove an appraiser from the appraiser panel if an appraiser requires a reasonable extension of the completion date for an appraisal assignment in order to complete a credible appraisal report; or

(l) engaging in any other act or practice that impairs or attempts to impair an appraiser's independence, objectivity, or impartiality.

(a) provide additional information about the basis for a valuation; or

(b) correct an objective factual error in an appraisal report.