§ 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 […]
§ 433. Definitions
As used in this chapter, unless the context requires a different construction, application or meaning: (1) “Analysis” means a study of real estate or real property other than one estimating value; (2) “Appraisal” or “real estate appraisal” means an analysis, opinion, or conclusion prepared by an appraiser relating to the nature, quality, value, or utility […]
§ 434. Real Estate Appraisers Board; membership; duties
(a) There is hereby created the Virgin Islands Real Estate Appraisers Board consisting of seven members, appointed by the Governor with the advice and consent of the Legislature. The Board shall be under the Department of Licensing and Consumer Affairs for administrative purposes. No more than three members shall be real estate appraisers who have […]
§ 435. Licensed or certified real estate appraisers
(a) Any person desiring to act as a licensed or certified real estate appraiser must file an application for a license as a real estate appraiser or certified real estate appraiser with the Board. The Board shall charge an application fee to be set by the Board pursuant to rules and regulations. The application shall […]
§ 436. Temporary, reciprocal and renewal licenses
(a) Temporary licenses or certifications for such time as determined by the Board, may be awarded by the Board to nonresident appraisers who: (1) are licensed or certified in another state whose standards have been approved by the Appraisal Subcommittee and meet the requirements of Title XI of the federal Financial Institutions Reform, Recovery, and […]
§ 437. Provisional real estate appraiser’s license
The Board is authorized to grant a special Provisional Real Estate Appraiser’s License to an applicant who successfully passes an examination approved and administered by the Board and consistent with the Uniform State Certification Examination issued or endorsed by the Appraisal Qualification Board of the Appraisal Foundation, and who does not meet either the experience […]
§ 432. Short title
This chapter shall be known and may be cited as the “Real Estate Appraiser Licensing and Certification Act”.