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Submit an application for registration as an Appraisal Management Company in Delaware when the business:
If the company has more than one office that will conduct business in Delaware, only one registration is required for all of the offices.
Do not submit an Appraisal Management Company application when the business employs real estate appraisers to perform all real property appraisal services in the normal course of its business and is responsible for ensuring that its employees perform the services in accordance with Uniform Standards of Professional Appraisal Practice and federal and state law (24 Del. C. §4023). Such businesses are not required to register as appraisal management companies.
Each appraisal management company applying for Delaware registration must designate one person who will be the contact for all communication between the Council and the appraisal management company. This contact person is termed the controlling person.
To serve as an appraisal management company’s controlling person, the person selected must:
NOTICE TO APPRAISAL MANAGEMENT COMPANY OWNERS AND CONTROLLING PERSONS
No person who owns an appraisal management company or who is a principal of the company or who is its controlling person (as defined above) may have had any financial, real estate, real estate appraiser or mortgage lending industry license or certificate refused, denied, canceled, revoked or voluntarily surrendered in lieu of revocation for substantive cause, in any state (including Delaware) unless the license or certificate was subsequently granted or reinstated. At its discretion, the Council may waive this requirement by appeal.
Note: States frequently suspend or revoke for situations that are typically considered non-substantive causes, like the failure to pay taxes or child support. This does not have to prohibit the owner from AMC ownership of the AMC as a whole from being registered with the State.
All applications are submitted our online system DELPROS. We no longer accept paper applications.
In order to apply for a license or submit a service request, you must first have a DELPROS user account. To LOG IN or CREATE a DELPROS (Delaware Professional Regulation Online Services) user account:
DELPROS allows you to save your incomplete application and return to it later to finish the process. You only have six (6) months to submit your application once you begin.
You may check the status of your application online throughout the entire application process by using the “View Application Status” feature in DELPROS on your e-License dashboard.
On the ATTACHMENTS page of your application, you may be instructed to:
The requirements for this license type are provided in the following section(s).
In addition to submitting the application and fee in DELPROS, you must submit:
An owner or controlling person of an Appraisal Management Company must notify the Council office within ten days any change in the company’s owners or controlling person if:
Related Topics: Appraisal Management Company, Council on Real Estate Appraisers, Department of State, State of Delaware