§30-38-17. Standards of Professional Appraisal Practice
Each real estate appraiser licensed or certified under this act shall comply with generally accepted standards of professional appraisal practice and generally accepted ethical rules to be observed by a real estate appraiser. Generally accepted standards of professional appraisal practice are currently evidenced by the uniform standards of professional appraisal practice promulgated by the appraisal […]
§30-38-4. Classifications of Licensure and Certification; Authority of Appraisers; Classification and License or Certificate Number Required on All Documents; Corporations
(a) The three classifications of real estate appraisers are state licensed residential real estate appraiser, state certified residential real estate appraiser, and state certified general real estate appraiser. (b) A state licensed residential real estate appraiser is authorized to conduct appraisals of: (1) Complex residential real estate of one to four units having a value […]
§30-38-5. Reciprocal Credentialing
The board shall issue a reciprocal license or certification to an applicant from another state if the applicant holds a valid license or certification from a state whose licensing and certification program: (1) Is in compliance with the provisions of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 [12 U.S.C. […]
§30-38-6. Board Created; Appointments, Qualifications, Terms, Oath, Removal of Members; Quorum; Meetings; Disqualification From Participation; Compensation; Records; Employing Staff
(a) The West Virginia Real Estate Appraiser Licensing and Certification Board, which consists of nine members appointed by the Governor with the advice and consent of the Senate, is continued. (1) Each member shall be a resident of the State of West Virginia, except the appraisal management company representative is not required to be a […]
§30-38-7. General Powers and Duties
The board shall: (a) Define by rule the type of educational experience, appraisal experience and equivalent experience that will meet the statutory requirements of this article; (b) Establish examination specifications as prescribed herein and provide for appropriate examinations; (c) Establish registration requirements and procedures for appraisal management companies under the provisions of article thirty-eight-a of […]
§30-38-8. Board Fund; Disposition of Funds
(a) The West Virginia appraiser licensing and certification board fund established in the office of the State Treasurer is continued. (b) The disposition of all funds received by the board shall be governed by the provisions of section ten, article one of this chapter.
§30-38-2. Short Title
This article is known and may be cited as the "Real Estate Appraiser Licensing and Certification Act."
§30-38-3. Definitions
As used in this article, the following terms have the following meanings: (a) “Appraisal” means an analysis, opinion, or conclusion prepared by a real estate appraiser relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real estate or identified real property. An appraisal may be classified by the […]
§30-38-1. Real Estate Appraiser License Required; Exceptions
(a) It is unlawful for any person, for compensation or valuable consideration, to prepare a valuation appraisal or a valuation appraisal report relating to real estate or real property in this state without first being licensed or certified as provided in this article. This section shall not be construed to apply to persons who do […]