§ 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 […]
§ 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 […]
§ 425. Examination of applicants
(a) In addition to proof of honesty, trustworthiness and good moral character, each applicant for a first real estate broker’s license shall pass a written examination prepared by or under the supervision of the Commission. The examination shall be offered at such times, not less frequently than semiannually, and at such places within the Virgin […]
§ 425a. Issuance of licenses without examination
Notwithstanding any provision of law to the contrary, the Virgin Islands Real Estate Commission shall issue a real estate broker’s license to any person (1) who held a valid real estate agent’s license in the Virgin Islands prior to May 4, 1967, (2) who meets the other qualifications for licensure as a real estate broker […]
§ 426. Issuance of the license
(a) The Commission shall report its recommendations with respect to the issuance of licenses, including the results of examinations, where such are required, to the Commissioner of Licensing and Consumer Affairs, who upon a determination that all requirements have been met shall issue a license to each qualifying applicant within thirty days. If the Commissioner […]
§ 427. Effective term of license
All licenses issued under the provisions of this chapter shall expire on December 31st of the year in which issued. Thereafter, such licenses shall be renewed annually, by payment of the prescribed fee, as a condition to engaging in the real estate business as a real estate broker or a real estate salesman.
§ 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 […]