Michigan § 339.2605 - Uniform standards of professional appraisal practice; rules; use of AQB criteria.
Full text of Michigan Michigan Compiled Laws § 339.2605 — Uniform standards of professional appraisal practice; rules; use of AQB criteria., with citation guidance and answers to common questions.
§ 339.2605. Uniform standards of professional appraisal practice; rules; use of AQB criteria.
(1) At a minimum and subject to subsection (2), a licensee under this article who performs an appraisal shall utilize the uniform standards of professional appraisal practice that are in effect at the time the licensee is engaged to perform the appraisal.
(2) The director may supplement or adopt by reference any amendments to the uniform standards of professional appraisal practice through the promulgation of rules if the director determines that the amendments or supplemental standards serve as a basis for the competent development and communication of an appraisal and are not in conflict with federal requirements.
(3) The director through promulgation of a rule may supplement or adopt by reference any changes promulgated by a federal financial institution regulatory agency relative to standards for a federally related transaction.
(4) The department shall utilize the AQB criteria regarding education, examination, and experience for licensure under this article.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 339.2605
What does Michigan Compiled Laws § 339.2605 cover?
Section 339.2605 ("Uniform standards of professional appraisal practice; rules; use of AQB criteria.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 339.2605?
A common citation format is "Michigan Compiled Laws § 339.2605" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 339.2605 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.