Section 3. Registration of appraisal management companies required.
Except as provided in section 11, a person who is not an exempt company or a registrant may not:
(1) Act as an appraisal management company in this Commonwealth.
(2) Hold out as an appraisal management company in this Commonwealth.
(3) Advertise or hold out as engaging in or conducting the business of an appraisal management company in this Commonwealth.