2-15-1868. Board of real estate appraisers. (1) There is a board of real estate appraisers.
     (2) The board consists of five members appointed by the governor with the consent of the senate.
     (3) Three members must be licensed or certified real estate appraisers, and two members must be representatives of the public who are not engaged in the occupation of real estate appraisal.
     (4) Only one member of the board may be primarily affiliated with the same recognized appraisal group defined by the appraisal foundation.
     (5) (a) Before January 1, 1992, a real estate appraiser board member must be a designated member of a national real estate appraisal organization that requires for membership appraisal experience, certain educational qualifications, successful completion of an examination, and adherence to the standards of professional appraisal practice.
     (b) On and after January 1, 1992, three real estate appraiser board members must be certified real estate appraisers.
     (6) Members shall serve staggered 3-year terms. A member may not serve for more than two consecutive terms.
     (7) The board is allocated to the department for administrative purposes only, as prescribed in 2-15-121.
     (8) A board member may be removed from the board by the governor for neglect or cause.
     (9) The board shall meet at least once each calendar quarter to transact its business. Three members constitute a quorum for transacting business.
     (10) The board shall elect a chairman from among its members.
     (11) A board member shall receive compensation and travel expenses as provided in 37-1-133.

     History: En. Sec. 3, Ch. 409, L. 1991.