2014 Kentucky Revised Statutes CHAPTER 324A - REAL ESTATE APPRAISERS 324A.035 Administrative regulations to establish requirements for certification or licensure.
Download as PDF
324A.035 Administrative regulations
certification or licensure.
(1)
(2)
(3)
to
establish
requirements
for
The board shall promulgate administrative regulations pursuant to the
provisions of this chapter and KRS Chapter 13A for certification or licensure of
appraisers who perform appraisals of real property in federally related
transactions. Requirements established by the board relating to appraisers of
federally related transactions shall not exceed the minimum requirements
established by federal law or regulation;
The board shall promulgate administrative regulations pursuant to KRS
Chapter 13A for certification or licensure of appraisers of real property in
nonfederally related transactions.
(a) Appraisers who wish to be limited to appraisals of nonfederally related
transactions, and who have engaged in the appraisal of real estate for at
least ten (10) years prior to April 7, 1992, shall be certified or licensed as
appraisers of nonfederally related transactions.
(b) Appraisers who wish to be limited to appraisals of nonfederally related
transactions, and who have not engaged in the appraisal of real estate for
at least ten (10) years prior to April 7, 1992, shall be certified or licensed
as appraisers of nonfederally related transactions if they meet the
certification or licensure requirements established by the board.
The board shall establish by administrative regulations requirements for:
(a) Classifications of appraisers;
(b) Certification and licensure;
(c) Renewal, suspension, or revocation of certification or licensure;
(d) Standards of professional appraisal practice, including experience,
education, and ethics;
(e) Examination of applicants for certification or licensure; and
(f) Continuing education of appraisers.
Effective:
June 25, 2013
History: Amended 2013 Ky. Acts ch. 46, sec. 10, effective June 25, 2013. -Amended 1992 Ky. Acts ch. 247, sec. 4, effective April 7, 1992. -- Created 1990
Ky. Acts ch. 383, sec. 6, effective July 13, 1990.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.