Florida Appraisal Laws and Regulations
Questions and Answers 2025
Administrative Rules - ANSWER-Florida State Statutes gives the FREAB the power to
establish administrative rules, fees, and fines
AMC - ANSWER-Appraisal Management Company - must be registered with the
department. However, employees are not required to be registered
Registration applies to:
1. each officer and director
2. each general partner
3. each manager or managing member
4. owner
5. each person who, directly or indirectly, controls 10% or more ownership interest in
the AMC
Does not apply to a financial institution or and AMC that is a subsidiary of a financial
institution
AMC Disciplinary Sanctions - ANSWER-The Board may reprimand, suspend, or revoke
any registration, or impose fines not to exceed $5,000 for each count or separate
offense
AMC may not instruct an appraiser to develop or communicate an appraisal that is not
USPAP compliant
AMC may not ask for comparable sales prior to the completion of the report
AMC may not use any form of coercion
Appraisal - ANSWER-Services provided by certified or licensed appraisers or registered
trainee appraisers and includes: Appraisal assignment, Analysis assignment, and
Appraisal review Assignment.
Appraisal Management Company - ANSWER-a person who performs appraisal
management services
Appraisal Management Services - ANSWER-the coordination or management of
appraisal services for compensation by: Employing, contracting with, or otherwise
retaining one or more appraisers to perform appraisal services for a client; or acting as
a broker or intermediary between a client and one or more appraisers to facilitate the
client's employing, contracting with, or otherwise retaining the appraisers.
Appraisal Report - ANSWER-any communication written or oral, of an appraisal,
appraisal review, or appraisal consulting service, analysis, opinion, or conclusion
relating to the nature, quality, value, or utility of a specified interest in, or aspect of, or
conclusion of value, regardless of title. A federally funded transaction must be written.
Questions and Answers 2025
Administrative Rules - ANSWER-Florida State Statutes gives the FREAB the power to
establish administrative rules, fees, and fines
AMC - ANSWER-Appraisal Management Company - must be registered with the
department. However, employees are not required to be registered
Registration applies to:
1. each officer and director
2. each general partner
3. each manager or managing member
4. owner
5. each person who, directly or indirectly, controls 10% or more ownership interest in
the AMC
Does not apply to a financial institution or and AMC that is a subsidiary of a financial
institution
AMC Disciplinary Sanctions - ANSWER-The Board may reprimand, suspend, or revoke
any registration, or impose fines not to exceed $5,000 for each count or separate
offense
AMC may not instruct an appraiser to develop or communicate an appraisal that is not
USPAP compliant
AMC may not ask for comparable sales prior to the completion of the report
AMC may not use any form of coercion
Appraisal - ANSWER-Services provided by certified or licensed appraisers or registered
trainee appraisers and includes: Appraisal assignment, Analysis assignment, and
Appraisal review Assignment.
Appraisal Management Company - ANSWER-a person who performs appraisal
management services
Appraisal Management Services - ANSWER-the coordination or management of
appraisal services for compensation by: Employing, contracting with, or otherwise
retaining one or more appraisers to perform appraisal services for a client; or acting as
a broker or intermediary between a client and one or more appraisers to facilitate the
client's employing, contracting with, or otherwise retaining the appraisers.
Appraisal Report - ANSWER-any communication written or oral, of an appraisal,
appraisal review, or appraisal consulting service, analysis, opinion, or conclusion
relating to the nature, quality, value, or utility of a specified interest in, or aspect of, or
conclusion of value, regardless of title. A federally funded transaction must be written.
