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;
(10) regulate and establish minimum requirements and qualifications for real estate appraiser mentors; and
(11) perform other duties necessary to implement this chapter.