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324A.015 Real Estate Appraisers Board.
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There is created a Real Estate Appraisers Board consisting of five (5) members, two
(2) of whom shall be certified real estate appraisers, one (1) of whom shall represent
the public and shall not be associated with or financially interested in the practice of
real estate appraisals, and two (2) of whom shall be employed in the lending
industry. The board shall administer the provisions of this chapter and may
promulgate administrative regulations necessary to effectuate the provisions of KRS
324A.010 to 324A.090.
The board members shall be appointed by the Governor. Not more than one (1)
board member shall be from any one (1) county within Kentucky.Members shall be
appointed by the Governor for staggered terms of three (3) years. No person shall
serve more than two (2) full consecutive terms.
The appraiser appointees to the board shall be certified and shall have engaged in
the appraisal of real estate in Kentucky on a continuing basis for at least ten (10)
years.
A board member shall be automatically removed from the board and a vacancy shall
occur when:
(a) An appraiser member of the board ceases to be certified;
(b) A consumer member of the board acquires a certification as an appraiser;
(c) A lending industry member ceases to be employed in the lending industry;
(d) A board member enters a plea of guilty to, or has been found guilty of, a
felony and the time for appeal has passed or the judgment of conviction has
been finally affirmed on appeal; or
(e) A board member ceases to be a bona fide resident of the Commonwealth of
Kentucky.
The board shall adopt a seal with the design as the board may prescribe, by which it
shall authenticate its proceedings. Copies of all records and papers in the office of
the board, duly certified and authenticated by the seal of the board, shall be received
in evidence in all courts equally and with like effect as the original. All records kept
in the office of the board under the authority of this chapter shall be open to public
inspection in accordance with KRS 61.820 to 61.884 and consistent with
regulations prescribed by the board.
Effective:
June 25, 2013
History: Amended 2013 Ky. Acts ch. 46, sec. 8, effective June 25, 2013. -- Amended
1992 Ky. Acts ch. 247, sec. 2, effective April 7, 1992. -- Created 1990 Ky. Acts ch.
383, sec. 2, effective July 13, 1990.
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