2016 Vermont Statutes
Title 26 - Professions and Occupations
Chapter 69 - Real Estate Appraisers
§ 3321 Renewals

§ 3321. Renewals

(a) A license issued under this chapter shall be renewed biennially upon payment of the required fee and upon satisfactory completion of the minimum continuing education requirements established by AQB during the immediately preceding two-year period.

(b) If an individual fails to renew in a timely manner, he or she may renew the license within 30 days of the renewal date by satisfying all requirements of AQB for reactivation and payment of an additional late renewal penalty.

(c) The Board may reactivate the license of an individual whose license has lapsed for more than 30 days upon payment of the renewal fee, the reactivation fee, and the late renewal penalty, provided the individual has satisfied all requirements of AQB for reactivation.

(d) The Board may require, by rule, as a condition of reactivation, that an applicant undergo review of one or more aspects of the applicant's professional work in the practice of real estate appraising provided that the manner and performance results of the review be specified by the Board. Such a review requirement shall:

(1) be adopted reasonably in advance of the time when it is first required to be met; and

(2) provide for compliance if the applicant shows that within the two years preceding renewal, the applicant underwent a satisfactory quality review for other purposes and that review was substantially equivalent to a review required under this section.

(e) An appraisal management company shall renew its registration biennially. (Added 1989, No. 264 (Adj. Sess.), § 1; amended 1993, No. 217 (Adj. Sess.), §§ 11, 12; 2009, No. 103 (Adj. Sess.), § 46, eff. May 12, 2010; 2011, No. 66, § 11, eff. June 1, 2011; 2013, No. 27, § 44.)