Utah § 2g-403 - Professional conduct -- Uniform standards.
Full text of Utah Utah Code § 2g-403 — Professional conduct -- Uniform standards., with citation guidance and answers to common questions.
§ 2g-403. Professional conduct -- Uniform standards.
61-2g-403.
Professional conduct -- Uniform standards.
(1)
(a)
A person licensed, certified, or registered under this chapter shall comply with:
(i)
generally accepted standards of professional appraisal practice; and
(ii)
generally accepted ethical rules to be observed by a real estate appraiser.
(b)
Subject to the other provisions of this Subsection (1), generally accepted standards of professional appraisal practice are evidenced by the Uniform Standards of Professional Appraisal Practice promulgated by the Appraisal Foundation.
shall adopt and may make modifications of or additions to the Uniform Standards of Professional Appraisal Practice as the board considers appropriate to comply with the Financial Institutions Reform, Recovery, and Enforcement Act of 1989; or
(ii)
may by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, exempt a person licensed, certified, or registered from complying with a provision of the Uniform Standards of Professional Appraisal Practice for an activity that the person engages in on behalf of a governmental entity.
(d)
When an individual is a state-licensed appraiser or state-certified appraiser and also holds a license issued under Chapter 2f, Real Estate Licensing and Practices Act, the individual may provide an opinion of price of real estate without complying with the Uniform Standards of Professional Appraisal Practice if the individual provides the opinion of price as a licensee under Chapter 2f, Real Estate Licensing and Practices Act.
When instructed by the board, the division shall schedule a public hearing pursuant to Title 63G, Chapter 3, Utah Administrative Rulemaking Act, for the purpose of deciding whether or not the board should require a modified or supplemental standard or the ethical rule to be observed by a person licensed, certified, or registered under this chapter if the Appraisal Standards Board of the Appraisal Foundation:
(a)
(i)
modifies the Uniform Standards of Professional Appraisal Practice;
(ii)
issues a supplemental appraisal standard which it considers appropriate for:
(A)
a residential real estate appraiser; or
(B)
a general real estate appraiser; or
(iii)
issues an ethical rule to be observed by a real estate appraiser; and
(b)
requests the board to consider the adoption of the modified or supplemental standard or ethical rule.
(3)
If, after the notice and public hearing described in Subsection (2), the board finds that a modified or supplemental standard or the ethical rule issued by the Appraisal Standards Board of the Appraisal Foundation is appropriate for a person licensed, certified, or registered under this chapter, the board shall recommend a rule requiring a person licensed, certified, or registered under this chapter to observe the modified or supplemental standard or the ethical rule.
Section 2g-403 ("Professional conduct -- Uniform standards.") is part of the Utah Code, the codified statutory law of Utah. 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 Utah § 2g-403?
A common citation format is "Utah Code § 2g-403" (Utah). 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 Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 2g-403 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
