ADMINISTRATIVE CODE TITLE 68: PROFESSIONS AND OCCUPATIONS CHAPTER VII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS PART 1452 APPRAISAL MANAGEMENT COMPANY REGISTRATION ACT SECTION 1452.190 UNPROFESSIONAL CONDUCT
Section 1452.190 Unprofessional Conduct
Dishonorable, unethical, or unprofessional conduct includes, but is not limited to:
a) Failing to satisfy a material term of an order issued by the Department;
b) Altering, modifying or otherwise changing a completed appraisal report submitted by an independent appraiser;
c) Failure to retain records described in Section 1452.90;
d) Operating without a designated controlling person;
e) Operating without a current certificate of registration or authority to transact business in Illinois;
f) Failing to provide a written payment policy that complies with Section 1452.100;
g) Requesting or requiring an appraiser to transmit an unsigned assignment result;
h) Deliberately interfering with a licensed appraiser's ability to comply with USPAP;
i) Failing to deliver all information that supports a change in property value to a licensed Illinois appraiser without good cause;
j) Representing that client guidelines or assignment criteria are required by federal or state statute without proper citation to the statute or regulation.
k) Restricting the engagement of an Illinois licensed appraiser for an appraisal assignment solely on the licensee's level of licensure except as required or prohibited by the Real Estate Appraiser Licensing Act of 2002 [225 ILCS 458]; or
l) Aiding or assisting in the violation of the Act, this Part, or the Illinois Real Estate Appraiser Licensing Act of 2002 [225 ILCS 458].
(Source: Amended at 50 Ill. Reg. 686, effective January 5, 2026) |