Form Amc-1 - Application For Registering An Appraisal Management Company Page 2
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IV – I
O
ART
DENTIFICATION OF
WNERSHIP
List the name of each person or entity that owns more than ten percent (10%) of the AMC and their percentage of ownership.
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P
V -C
ART
ERTIFICATIONS
I,
, the Controlling Person for the applicant AMC, certify that I have read the within and
foregoing application and that the answers supplied, including all supporting documents attached, are true and correct to the best of my knowledge
and belief. Further, I certify individually and on behalf of the applicant AMC:
1.
that the applicant AMC is legally formed pursuant to applicable state law and shall comply with all Kansas laws necessary to validly
operate within the State of Kansas;
2.
that the applicant AMC will comply with the Kansas Appraisal Management Company Registration Act and the administrative rules
promulgated by the Kansas Real Estate Appraisal Board in all its conduct under any certificate of registration issued pursuant to this
application;
3.
that no person owning more than 10% of the applicant AMC has held or applied for a credential to act as a real estate appraiser in any
appraiser-credentialing jurisdiction, which credential was refused, denied, suspended, revoked, or surrendered or non-renewed in lieu of a
pending disciplinary proceeding in any jurisdiction against such individual, and was not subsequently granted or reinstated;
4.
that no entity that owns more than 10% of the applicant AMC is more than 10% owned by an individual who has held or applied for a
credential to act as a real estate appraiser in any appraiser-credentialing jurisdiction, which credential was refused, denied, suspended,
revoked, or surrendered or non-renewed in lieu of a pending disciplinary proceeding in any jurisdiction against such individual, and was not
subsequently granted or reinstated;
5.
that the applicant AMC has a system in place to verify that a person being added to the appraiser panel of the applicant AMC for appraisal
services being performed in Kansas has a credential in good standing in this state pursuant to the Kansas State Certified and Licensed
Real Property Appraisers Act and the rules and regulations promulgated thereunder, if such a credential is required to perform appraisals
and that the appraiser is geographically competent, and performing appraisal assignments within the appraiser’s scope of practice;
6.
that the applicant AMC has a system in place to review appraisal reports, as required by K.A.R. 117-20-7, submitted by each appraiser
who is performing real estate appraisal services in Kansas for the AMC on an annual basis to validate that such services are being
performed in accordance with USPAP and the Kansas State Certified and Licensed Real Property Appraisers Act and regulations adopted
thereunder;
7.
that the applicant AMC maintains a detailed record of each service request that it receives for appraisal; services in Kansas and the
appraiser that performs real estate appraisal services for the AMC; and
8.
that the applicant AMC requires that appraisals are conducted independently and free from inappropriate influence and coercion pursuant
to the appraisal independence standards established under section 129E of the truth in lending act.
D
S
C
P
ATE
IGNATURE OF
ONTROLLING
ERSON
AMC-1 [10.29.2012]
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