§ 448. Administrative hearing
(a) Before the Board imposes on any appraiser any sanction permitted by this chapter, it shall provide for a hearing for such appraiser in accordance with rules and regulations issued by the Board. (b) If any appraiser or applicant fails to appear at any hearing after reasonable notice, the Board may proceed to hear the […]
§ 449. Prohibitions; penalties
(a) Except as provided in this section, on and after July 1, 1991 or by such other date as may be set by federal law and published by the Board, it shall be unlawful for anyone to engage in real estate appraisal activity in this Territory without first obtaining a license or certification as provided […]
§ 450. Rules and regulations
The Board is hereby authorized to issue rules and regulations in accordance with Title 3, chapter 35, Virgin Islands Code, and this chapter, to set fees, to regulate the issuance of licenses and certifications, to discipline appraisers as permitted by this chapter, to establish qualifications for licenses and certifications consistent with this chapter, to regulate […]
§ 447. Investigations
(a) The Board may, upon its own motion, and shall, upon the sworn written request of any person, investigate the actions of any appraiser, applicant, or school approved by the Board; provided, however, that, whenever a request for investigation involves an appraisal report which varies from a sales, lease, or exchange price by 10 percent […]
§ 438. Education classes
(a) In making its determination with respect to the courses of study required by this chapter, the Board shall give weight to courses which teach the following: (1) Appropriate knowledge of technical terms commonly used in or related to real estate appraising and appraisal report writing and economic concepts applicable to real estate and real […]
§ 439. Residency requirements; license requirements
(a) Every applicant for licensure or certification under this chapter, who is not a resident of the Virgin Islands, shall submit with the application for licensure or certification, an irrevocable consent that service of process upon the applicant may be made by the delivery of the process to the Virgin Islands Appraisers’ Board, if, in […]
§ 440. Examination; license renewal; inactivity
(a) The Board shall administer an examination to all applicants for licensure as a “Licensed Real Estate Appraiser” or “Certified Real Estate Appraiser” or for a “Provisional Appraiser’s License”. The Board shall collect an examination fee set by the Board, and an investigation fee if necessary. If an applicant fails to pass an examination, upon […]
§ 441. Denial; appeal
(a) If the Board, after an application in proper form has been filed with it, accompanied by the proper fee, shall deny the applicant a license or certification, the Board shall provide for a hearing for such applicant in accordance with rules and regulations issued by the Board. (b) Any person who has exhausted all […]
§ 442. Change of residency
If an appraiser changes a residence or place of business address, such appraiser shall notify the Board, in writing, within 21 days of such change.
§ 443. Maintaining an action
(a) After December 31, 1992, no person engaged in the business of real estate appraisal activity in the Virgin Islands or acting in the capacity of an appraiser in the Virgin Islands may bring or maintain any action in any court of the Territory to collect compensation for the performance of real estate appraisal activity […]