37-54-105. Powers and duties of board. The board shall:
     (1) adopt rules to implement and administer the provisions of this chapter;
     (2) establish and collect fees commensurate with the costs of processing an application for licensure and certification and renewal of a license or certificate;
     (3) establish minimum requirements for education, experience, and examination for licensure and certification as set out by the appraisal qualification board of the appraisal foundation;
     (4) prescribe the examinations for licensure or certification and determine the acceptable level of performance on examinations;
     (5) receive and review applications for licensure and certification and issue licenses and certificates;
     (6) review periodically the standards for development and communication of appraisals and adopt rules explaining and interpreting the standards;
     (7) retain all applications and other records submitted to it;
     (8) adopt by rule standards of professional appraisal practice in this state;
     (9) reprimand, suspend, revoke, or refuse to renew the license or certificate of a person who has violated the standards established for licensed and certified real estate appraisers or registered appraisal management companies; and
     (10) perform other duties necessary to implement this chapter.

     History: En. Sec. 4, Ch. 409, L. 1991; amd. Sec. 109, Ch. 429, L. 1995; amd. Sec. 28, Ch. 481, L. 1997; amd. Sec. 8, Ch. 196, L. 2003; amd. Sec. 2, Ch. 270, L. 2011.