Applicable laws, regulations and rules. In connection with your activities on the Network, you shall operate your business in accordance with all applicable laws, regulations and rules, whether in force at the time you accept these terms and conditions or implemented in the future. Without limiting the generality of the foregoing, for the duration of your use of the Network, you (or your firm, as applicable) will register and maintain registration in good standing as an Appraisal Management Company in any state that requires you or your firm to do so. You agree that you will not use the Network to distribute orders to appraisers selected by you if (i) you or your firm are an Appraisal Management Company under any state law; and (ii) you or your firm have not registered in any state that so requires, or the registration has lapsed or is not in good standing, or you are not diligently proceeding through the process of registration with the expectation of conforming to state law, where the state laws, rules or regulations allow you or your firm to perform appraisal management services while registration is pending; and (iii) you or your firm perform any of the following activities in conjunction with managing the process of ordering residential real estate appraisals: a. Receive appraisal service requests (orders) from clients; b. Maintain a list of approved appraisers (an appraiser panel); c. Verify qualifications of appraisers; d. Negotiate and formally contract with or engage appraisers to perform appraisal services; e. Receive completed appraisal reports, and submit the same to clients; f. Review, verify or conduct quality control of a completed appraisal report; g. Contact appraisers with questions or concerns about appraisal reports, including requests to reconsider data and modify conclusions; h. Collect fees from clients; i. Compensate appraisers for appraisal services rendered.
Appears in 4 contracts
Samples: End User License Agreement, End User License Agreement, End User License Agreement
