Section 608.3. Comparative market analysis disclosure.
(a) A comparative market analysis must contain the following statement printed conspicuously and without change on the first page:
This analysis has not been performed in accordance with the Uniform Standards of Professional Appraisal Practice which require valuers to act as unbiased, disinterested third parties with impartiality, objectivity and independence and without accommodation of personal interest. It is not to be construed as an appraisal and may not be used as such for any purpose.
(b) A comparative market analysis prepared in accordance with this act shall not be deemed to be an appraisal within the scope of the act of July 10, 1990 (P.L.404, No.98), known as the "Real Estate Appraisers Certification Act."
(c) Any fees charged for a comparative market analysis shall be paid to the broker.
(608.3 amended June 29, 2018, P.L.500, No.75)