2014 Kentucky Revised Statutes CHAPTER 324A - REAL ESTATE APPRAISERS 324A.050 Grounds for refusal to reissue or renew certificate or license or for other disciplinary action – Minimum standard of conduct and performance -- Petition for reinstatement.
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324A.050 Grounds for refusal to reissue or renew certificate or license or for
other disciplinary action
Minimum standard of conduct and
performance -- Petition for reinstatement.
(1)
(2)
(3)
(4)
The board may refuse to issue, refuse to renew, suspend, or revoke a
certificate or license, reprimand, admonish, place on probation, or impose a
fine up to two thousand dollars ($2000) per each violation determined by the
board, not to exceed five thousand dollars ($5000), on a certificate holder or
licensee, or any combination thereof, for any of the following reasons:
(a) Procuring or attempting to procure a certificate or license by knowingly
making a false statement or submitting false information, or through any
form of fraud or misrepresentation;
(b) Refusing to provide complete information in response to a question in an
application to the board or failing to meet the minimum qualifications
established by the board;
(c) Being convicted of any felony, or of a misdemeanor that may result in a
sentence which includes or requires incarceration;
(d) Committing an act involving dishonesty, fraud, or misrepresentation;
(e) Violating any of the provisions of KRS 324A.010 to 324A.090, the
administrative regulations of the board, or any lawful order of the board;
(f) Violating the confidential nature of records to which the appraiser gained
access through employment or engagement as an appraiser;
(g) Committing any other conduct which constitutes or demonstrates bad
faith, untrustworthiness, impropriety, fraud, or dishonesty;
(h) Failing or refusing, without good cause, to exercise reasonable diligence
in developing an appraisal, preparing an appraisal report, or
communicating an appraisal;
(i) Being negligent or incompetent in developing an appraisal, in preparing
an appraisal report, or in communicating an appraisal;
(j) Failing to observe one (1) or more of the Uniform Standards of
Professional Appraisal Practice; or
(k) Having a license or registration certificate to practice as a licensed or
certified real property appraiser denied, limited, suspended, probated, or
revoked in another jurisdiction on grounds sufficient to cause licensure to
be denied, limited, suspended, probated, or revoked in this state.
Notwithstanding any other provision of this chapter to the contrary, the
requirements of KRS Chapter 324A, the board's administrative regulations, and
the Uniform Standards of Professional Appraisal Practice shall constitute the
minimum standard of conduct and performance for a licensee or credential
holder in any work or service performed that is addressed by those standards.
In any proceeding in which a suspension of thirty (30) days or more, or
revocation is imposed, the board may require the respondent to pay the actual
costs of the investigation and all proceedings not to exceed ten thousand
dollars ($10,000).
Three (3) years from the date of a revocation, any certificate holder or licensee
whose certificate or license has been revoked may petition the board for
reinstatement. The board shall investigate the petition and may reinstate, upon
a finding that the petitioner has complied with any and all terms prescribed by
the board and is able to engage in the practice of real estate appraisal within
the requirements of this chapter and the administrative regulations. The board
may, in its discretion, require the petitioner to successfully pass the
examination required for the applicable certificate or license.
Effective:June 25, 2013
History: Amended 2013 Ky. Acts ch. 46, sec. 13, effective June 25, 2013. -Amended 1998 Ky. Acts ch. 377, sec. 4, effective July 15, 1998. -- Amended
1994 Ky. Acts ch. 188, sec. 1, effective July 15, 1994. Amended 1992 Ky. Acts
ch. 247, sec. 7, effective April 7, 1992. -- Created 1990 Ky. Acts ch. 383, sec. 9,
effective July 13, 1990.
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