§ 62-39-404. Applicability
This part shall not apply to: A national or state bank or federal or state savings institution that is subject to direct regulation or supervision by an agency of the United States government, or by the department of financial institutions, that receives a request for the performance of an appraisal from one (1) employee of […]
§ 62-39-405. Application for Registration
An applicant for a registration as an appraisal management company shall submit to the commission an application containing information required in § 62-39-403(b) on a form prescribed by the commission.
§ 62-39-330. Employing or Retaining an Appraiser as Disinterested Third Party or for Specialized Services
A client or employer may retain or employ a state licensed or certified real estate appraiser to act as a disinterested third party in rendering an unbiased estimate of value or analysis. A client or employer may also retain or employ a state licensed or certified real estate appraiser to provide specialized services to facilitate […]
§ 62-39-331. Certain Contingent Fees Prohibited — Exception
A state licensed or certified real estate appraiser may not accept a fee for an appraisal assignment that is contingent upon the appraiser reporting a predetermined estimate, analysis or opinion or is contingent upon the opinion, conclusion or valuation reached or upon the consequences resulting from the appraisal assignment. A state licensed or certified real […]
§ 62-39-322. Nonresident Licensees and Certificate Holders — Reciprocity — Fees
If, in the determination of the commission, a state is deemed to have meaningful requirements for licensure and certification, then the commission shall grant reciprocal rights to licensees and certificate holders who are in good standing in that state. The commission shall set reasonable fees for the practice of appraisal in this state by licensees […]
§ 62-39-323. License or Certificate Number to Appear on Appraisal Reports — Authorized Use of Initials
A license or certificate issued under authority of this chapter shall bear the license or certificate number assigned by the commission. Each state licensed real estate appraiser shall place the real estate appraiser’s license number adjacent to or immediately below the title “State Licensed Real Estate Appraiser” when used in an appraisal report or in […]
§ 62-39-324. Use of Certain Titles Restricted to Individual Holders of License or Certificate — Issuance of License or Certificate to Certain Entities Prohibited
“State certified real estate appraiser,” “state certified residential real estate appraiser,” “state certified general real estate appraiser” or “state licensed real estate appraiser” may only be used to refer to individuals who hold the license or certificate and may not be used following or immediately in connection with the name or signature of a firm, […]
§ 62-39-325. Renewal of License or Certificate — Rules — Legislative Intent
In accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, the commission shall promulgate rules to ensure that each individual renewing the individual’s license or certificate has a working knowledge of current real estate appraisal theories, practices and techniques sufficient to enable the individual to provide competent real estate appraisal services […]
§ 62-39-326. Violations — Revocation or Suspension
The rights of any applicant or holder under a certificate as a state licensed or certified real estate appraiser may be revoked, suspended or restricted, or the owner of the certificate may be assessed a civil penalty of up to one thousand dollars ($1,000) per violation, or otherwise disciplined in accordance with this chapter, upon […]
§ 62-39-327. Notice of Charges — Requirements — Subpoenas
Before suspending or revoking any license or certification, the commission shall notify the appraiser in writing of any charges within a reasonable period of time prior to the date set for the hearing and shall afford the appraiser an opportunity to be heard in person or by counsel. The written notice may be served either […]