(a) An appraisal management company shall include in an order or order solicitation for appraisal services from a certified residential appraiser or certified general appraiser who is not an employee of the appraisal management company:
- (1) The fee to be paid to the appraiser for the appraisal assignment.
- (2) The terms for time of payment for appraisal services, if the terms are not identified within an existing contractual agreement between the parties.
- (3) The appraisal management company’s registration number.
(b) An appraisal management company may satisfy the requirements of subsection (a) by either of the following means:
- (1) A legible statement of the required information on an order or order solicitation for an appraisal assignment.
- (2) A legible reference to an existing written agreement between the appraisal management company and the appraiser that includes the required information.
- (c) An appraisal management company shall include in an appraiser panel solicitation in this Commonwealth its appraisal management company registration number.