Vermont Sets New Standards
New laws enacted by the Vermont Legislature require an appraiser list both their license number and the fee they were paid by an AMC on all documents supplied to clients and consumers in Vermont. The fee paid by the appraiser must also be included in the body of the appraisal report.
Signed into law June1, the House Bill 420 gives the Vermont Board of Real Estate Appraisers the authority to require an appraiser undergo a review of their professional work when renewing their license. In addition, the Board will be allowed to review the work of an appraiser as necessary, as long as the review is done according to rules established by the Board.