36-21B-3. Promulgation of rules.
The secretary of the Department of Labor and Regulation may promulgate rules pursuant to chapter 1-26 relating to appraisers and appraisals in the following areas:
(1)Certification, licensing, and registration of appraisers;
(2)Definition of terms;
(3)Uniform standards of professional appraisal practice;
(4)Application for and issuance of certificates;
(5)Examinations and examination procedures;
(6)Pre-certification education criteria and continuing education;
(7)Qualifications for and upgrading of a certificate;
(8)Transactions requiring certified, licensed, or registered appraisers;
(9)Renewal and late renewal procedures;
(10)Certificate by reciprocity;
(11)Temporary practice and permits;
(12)Grounds for disciplinary actions including denial, revocation, suspension, censure, and reprimand;
(13)Conflict of interest and investigation;
(14)Advertising by certified, licensed, or registered appraisers;
(15)Retention and inspection of records, and rosters of appraisers;
(16)Appraiser membership, competency, and independence;
(17)Review of appraisals and contracting for investigations;
(18)Inspection, examination, and photocopy of appraisal records for audit purposes;
(19)Inactive status;
(20)Exemptions and standards allowing appraisers to perform an evaluation for a federally insured depository institution;
(21)An appraiser experience training program under which licensees may obtain requisite experience hours; and
(22)Fees for participation in the appraiser experience training program.
Source: SL 1993, ch 293, §2; SL 1995, ch 223, §3; §36-21A-117; SL 2004, ch 17, §237; SL 2011, ch 1 (Ex. Ord. 11-1), §162, eff. Apr. 12, 2011; SL 2020, ch 164, § 3; SL 2021, ch 168, § 34; SL 2021, ch 180, § 1.