2011 Vermont Code
Title 26 Professions and Occupations
Chapter 69 REAL ESTATE APPRAISERS
§ 3311 Definitions
§ 3311. Definitions
As used in this chapter:
(1) "Act" means the Federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Pub. L. No. 101-73, as amended from time to time.
(2) "Board" means the board of real estate appraisers established under this chapter.
(3) "Disciplinary action" means any action taken by the board against a licensed real estate appraiser or applicant premised on a finding that the person has engaged in unprofessional conduct. The term includes all sanctions of any kind, including obtaining injunctions, refusing to grant or renew a license, suspending, revoking or restricting a license and issuing warnings.
(4) "Appraisal" means an analysis, opinion or conclusion relating to the value of specified interests in or aspects of identified real estate or identified real property.
(5) "Appraiser" or "real estate appraiser" means a person licensed under this chapter.
(6) "Appraisal management company" means an entity that acts as a broker in acquiring finished appraisals from real estate appraisers licensed under this chapter and that supplies the appraisals to third parties. (Added 1989, No. 264 (Adj. Sess.), { 1; amended 1993, No. 217 (Adj. Sess.), { 1; 2009, No. 103 (Adj. Sess.), { 40.)
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