§ 73-34-1. Short title
This chapter shall be known and may be cited as “The Real Estate Appraiser Licensing and Certification Act.”
§ 73-34-11. License required to use title of certified real estate appraiser and to prepare and sign certified appraisal report
No person other than a licensed certified real estate appraiser under this chapter shall assume or use that title or any title, designation or abbreviation likely to create the impression of certification as a real estate appraiser by this state. An individual who has qualified as a licensed certified real estate appraiser under this chapter […]
§ 73-34-13. Applications to be in writing accompanied by fee; pledge to comply with standards of professional appraisal practices; certification of understanding of conduct constituting misconduct
Applications for one (1) of the appraisal licenses, applications for renewal, applications to take an examination, and applications for registration as an appraisal management company shall be made in writing to the commission on approved forms. The payment of the appropriate fee, as fixed under Section 73-34-45, must accompany all applications for licensure and renewal […]
§ 73-34-14. Background investigations required of applicants for real estate appraiser license or certification
To qualify for a Mississippi real estate appraiser license, an applicant must have successfully been cleared for licensure through an investigation that shall consist of a determination that the applicant does not possess a background which calls into question public trust, as set forth below in subsection (2), and verification that the prospective licensee is […]
§ 73-34-15. Activities authorized by real estate appraisal license
A person licensed as a real estate appraiser is authorized to appraise all types of real estate and real property in this state, including but not limited to, commercial, industrial, residential and special purpose, provided that such appraisal does not involve federally related transactions which would require a certified appraisal.
§ 73-34-16. Qualifications to be trainee appraiser
To qualify as a trainee appraiser, an applicant must have successfully completed the number and type of qualifying education hours and other qualifications that meet or exceed the qualifications required by the Appraiser Qualifications Board.
§ 73-34-17. Qualifications to be licensed real estate appraiser
To qualify to be a licensed real estate appraiser, an applicant must: Successfully complete the number and type of classroom hours or other educational qualifications that meet or exceed the qualifications required by the Appraiser Qualifications Board. Provide evidence satisfactory to the board that the applicant has completed the number of hours of experience in […]
§ 73-34-19. Two classes of real estate appraiser license; applications to specify classification of licensing; applicants to comply with requirements of board
The following shall be the two (2) classes for licensed certified real estate appraisers: Licensed certified residential real estate appraiser. The licensed certified residential real estate appraiser classification shall consist of those persons who meet the requirements that relate to the appraisal of residential real property of one (1) to four (4) units without regard […]
§ 73-34-21. Prerequisites to taking examinations for licensing as a licensed certified residential real estate appraiser or licensed certified general real estate appraiser
As a prerequisite to taking the examination for licensing as a licensed certified residential real estate appraiser or licensed certified general real estate appraiser, an applicant shall present acceptable evidence that such applicant has successfully completed: The number and type of classroom hours or other educational qualifications that meet or exceed the qualifications required by […]
§ 73-34-23. Knowledge required to be demonstrated through written examination prior to issuing license
An original license as a licensed certified real estate appraiser shall not be issued to any person who has not demonstrated through a written examination process that he possesses the following: Appropriate knowledge of technical terms commonly used in or related to real estate appraising, appraisal report writing and economic concepts applicable to real estate; […]
§ 73-34-25. Expiration of license
Except as provided in Section 33-1-39, a license issued under the authority of this chapter shall expire two (2) years from the last day of the month of issuance; however, a registration granted under the authority of this chapter shall expire one (1) year from the date of issuance.
§ 73-34-27. Application for renewal of license; late filing
To obtain a renewal of any of the real estate appraisal licenses or a renewal of any registration issued under this chapter, the holder of a current, valid license or registration shall make application and pay the prescribed fee to the commission not earlier than one hundred twenty (120) days nor later than the expiration […]
§ 73-34-29. Authority of board to deny issuance of license
The board may, upon compliance with the provisions of this chapter relating to administrative hearings, deny the issuance of a license or registration to an applicant on any of the grounds provided in this chapter.
§ 73-34-3. Definitions
As used in this chapter, the following terms and phrases shall have the following meanings unless the context clearly indicates otherwise: “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 […]
§ 73-34-31. Term “certified real estate appraiser” to refer only to individual licensed
The term “certified real estate appraiser” may only be used to refer to an individual who is a licensed certified real estate appraiser as provided by this chapter and may not be used following, or immediately in connection with, the name or signature of a firm, partnership, corporation or group, or in such manner that […]
§ 73-34-33. Continuing education requirements for license renewal; requirements for inactive status license renewal; regulations generally
As a prerequisite to renewal of license, an active status licensed appraiser shall present evidence satisfactory to the board that such appraiser has met the continuing education requirements of this section. The basic continuing education requirement for renewal of a license shall be completed by the applicant, during the immediately preceding term of licensure, of […]
§ 73-34-35. Grounds for denial, suspension or revocation of license or registration, or other disciplinary action
An application for licensure or renewal may be denied, and the rights of any licensed appraiser or licensed certified real estate appraiser may be revoked or suspended, or the holder of the license may be otherwise disciplined, in accordance with the provisions of this chapter for any of the following acts or omissions: Failing to […]
§ 73-34-37. Standards of professional appraisal practice and ethical rules
Each real estate appraiser licensed under this chapter must 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 as directed by the Appraisal Subcommittee […]
§ 73-34-39. Record keeping requirements for licensed appraisers; inspection of records
A licensed real estate appraiser shall retain for a period of five (5) years the original or a true copy of: (a) each appraisal report prepared or signed by such real estate appraiser; and (b) all supporting data assembled and formulated by the appraiser in preparing each such appraisal report. The five-year period for retention […]
§ 73-34-41. Investigations by commission; issuance of formal complaint; response to complaint; hearings
The commission may investigate at the direction of the board the actions of an individual licensed or entity registered under this chapter or an applicant for licensure, renewal or registration. Upon compliance with the procedural requirements set forth in this chapter, the board may revoke or suspend the license or otherwise discipline a licensed appraiser, […]