§ 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 […]
§ 428. Fixed office required of real estate broker
(a) Each resident licensed real estate broker shall maintain a fixed office within the Virgin Islands which may also be the licensed real estate broker’s residence, which shall be designated in his license. The original license as real estate broker and the original license of each real estate salesman in the employ of or under […]
§ 429. Suspension or revocation of license
(a) The Commissioner of Licensing and Consumer Affairs, upon recommendation of the Commission, and subject to appeal to the Governor within fifteen days after such recommendation, may revoke or suspend the license of any person issued under this chapter who, after due notice and hearing by the Commission is found guilty of any of the […]
§ 430. Fees
The following fees shall be charged and collected by the Commission and paid into the Treasury of the Virgin Islands: (1) For each examination for a broker’s license a fee of $20; for a salesman’s license a fee of $5. (2) For the issuance or renewal of each broker’s license, a fee of $200. (3) […]
§ 431. Prohibitions
(a) No person shall maintain an action in any court of the Virgin Islands for the recovery of a commission, fee, or compensation for any act done, the doing of which is prohibited under this chapter by other than a licensed real estate broker or a licensed real estate salesman, unless such person was licensed […]
§ 432. Short title
This chapter shall be known and may be cited as the “Real Estate Appraiser Licensing and Certification Act”.
§ 424. Application for license
(a) Application for a license as a real estate broker or a real estate salesman shall be made to the Commission on such forms as it shall prescribe. (b) Such further reasonable and pertinent information as the Commission may require shall be furnished by the applicant for license as a real estate broker to enable […]