2012 Kentucky Revised Statutes CHAPTER 324A REAL ESTATE APPRAISERS 324A.030 Assumption or use of title, designation, or abbreviation to create impression of certification or licensure prohibited -- Powers of certified or licensed appraiser -- Appraiser for Transportation Cabinet.
Download as PDF
324A.030 Assumption or use of title, designation, or abbreviation to create
impression of certification or licensure prohibited -- Powers of certified or
licensed appraiser -- Appraiser for Transportation Cabinet.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
It shall be unlawful, unless certified or licensed by the board, for any person to:
(a) Assume or use any title, designation, or abbreviation likely to create the
impression that he or she holds a license or certificate issued by the board;
(b) Describe or refer to any appraisal or evaluation of real estate by the term,
"state certified," "state licensed," or words of substantially similar meaning; or
(c) Assume or use any title, designation, or abbreviation likely to create the
impression of certification or licensure by the state as a real estate appraiser
firm, partnership, or corporation.
A certificate holder or licensee shall not assume or use any title, designation, or
abbreviation likely to create the impression of certification or licensure by the board
other than the correct type of certification or licensure.
Each certificate holder or licensee who is a resident of Kentucky shall have and
maintain a definite place of business in this state. A nonresident is not required to
maintain an active place of business in this state if a definite place of business is
maintained in the state where the nonresident resides.
Each certificate holder or licensee shall notify the board of any change of business
address, change of company name, or change of surname, within thirty (30) days of
the change.
In the case of the death of a certificate holder or licensee, the board may, in its
sound discretion, permit a suitable individual to complete the affairs and appraisal
assignments of the deceased.
For any employee of the Transportation Cabinet whose job description includes real
estate appraisals which require certification, the Transportation Cabinet shall bear
the costs of initial application, examination, continued education, and annual
renewal.
(a) Those Transportation Cabinet employees serving as right-of-way agents or
supervisors, who actually perform on-site appraisals as part of their job
descriptions and who have obtained an appraiser certification under the
provisions of KRS 324A.010 to 324A.090, shall receive a five percent (5%)
salary increase effective January 1 following certification. Those right-of-way
agents or supervisors who received certification prior to January 1, 1991, shall
receive the salary increase effective January 1, 1991.
(b) The salary increases provided for in subsection (a) of this section shall be
made within existing Transportation Cabinet appropriations.
Effective: July 15, 1998
History: Amended 1998 Ky. Acts ch. 377, sec. 2, effective July 15, 1998. -- Amended
1992 Ky. Acts ch. 247, sec. 3, effective April 7, 1992. -- Created 1990 Ky. Acts
ch. 383, sec. 5, 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.