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New AMC Administrative Rules

Rule Number Rule Sub-Heading Effective Date
R162-2e-401 The unprofessional conduct rules are amended to clarify that Utah Code ยง 61-2e prohibits an entity from using an employee to complete an appraisal assignment if the entity represents itself to the client as an AMC. If the entity timely discloses to the client that it is acting as an appraisal firm rather than as an AMC, then the entity is permitted to use an employee to complete an appraisal assignment. August 8, 2013
R162-2e-102 The term "employee" is defined. August 8, 2013