Use of license number; consumer fee disclosure (a)(1) Each licensee or registrant shall be assigned a license or registration number that shall be used in a report, a contract, engagement letter, or other instrument used by the licensee or registrant in connection with the licensee’s or registrant’s activities under this chapter. The license number shall be placed adjacent to or immediately below the title the licensee is entitled to use under this chapter. (2) Each licensed appraiser shall ensure that the registration number and the appraiser’s fee for appraisal services shall appear adjacent to or immediately below the appraisal management company’s registered name on documents supplied to clients or customers in this State. (b) Each licensed appraiser shall include within the body of the appraisal report the amount of the appraiser’s fee for appraisal services. (Added 1989, No. 264 (Adj. Sess.), § 1; amended 1993, No. 217 (Adj. Sess.), § 13; 2009, No. 103 (Adj. Sess.), § 47; 2011, No. 66, § 11, eff. June 1, 2011; 2019, No. 30, § 21.)
Vermont Legal Code