KRS § 324A.050 — KY Code / Title XXVI / Chapter 324A / Section 324A.050
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
Status: in_force

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) 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 a felony or misdemeanor, if in accordance with KRS

Chapter 335B;

(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 in effect at the time of the appraisal report transmittal letter

date; 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.

(2) Notwithstanding any other provision of this chapter to the contrary, the

requirements of KRS Chapter 324A, the board's administrative regulations, and the

current edition of 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.

(3) 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).

(4) 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.