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Professional Actual Property Administration & Funding Providers Inc. (1) Every appraiser registered, licensed, or licensed beneath this half shall place her or his registration, license, or certification number adjoining to or instantly beneath the designation state-registered trainee actual estate appraiser,” state-licensed actual property appraiser,” state-certified residential real estate appraiser,” or state-licensed normal real estate appraiser,” or their appropriate abbreviations as defined by rule, as applicable, when such time period is used in an appraisal report or in a contract or other instrument utilized by the appraiser in conducting real property appraisal activities.
(2) A recorded fee notice is effective underneath this half solely with respect to inclinations made by the proprietor named in the fee discover, and after the recordation of a deed from the proprietor conveying the business real estate specified within the fee notice to a bona fide purchaser for worth, the fee discover is ineffective with respect to any subsequent inclinations of that business actual property.
(1) An order revoking or suspending the license of a dealer shall robotically cause the licenses of all sales associates and dealer associates registered with the dealer, and, if a partnership or corporation, of all members, officers, and administrators thereof to grow to be involuntarily inactive, while the license of the dealer is inoperative or until new employment or connection is secured.
It is immaterial to the guilt of the licensee that the victim or intended sufferer of the misconduct has sustained no harm or loss; that the harm or loss has been settled and paid after discovery of the misconduct; or that such sufferer or intended victim was a customer or an individual in confidential relation with the licensee or was an recognized member of the general public.
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