reglab/housing_qa huggingface dataset:
59 OK Stat § 59-858-721 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-721. Renewal certificate - Late renewal fee.

|A. To obtain a renewal certificate as a trainee, state licensed, state certified residential or state certified general real estate appraiser, the holder of a current, valid certificate shall make application and pay the prescribed fee to the Board not earlier than one hundred twenty (120) days nor later than thirty (30) days after the expiration date of the certificate then held. With the application for renewal, the trainee, state licensed, state certified residential or state certified general real estate appraiser shall present evidence in the form prescribed by the Board of having completed the continuing education requirements for renewal specified pursuant to the provisions of the Oklahoma Certified Real Estate Appraisers Act. |B. If a person fails to renew a certificate as a trainee, state licensed, state certified residential or state certified general real estate appraiser prior to its expiration, the person may obtain a renewal certificate by satisfying all of the requirements for renewal and by the payment of a late renewal fee.Added by Laws 1990, c. 327, § 22, emerg. eff. May 31, 1990. Amended by Laws 1991, c. 271, § 16, eff. Sept. 1, 1991; Laws 1992, c. 132, § 13, eff. Sept. 1, 1992; Laws 2001, c. 280, § 13, eff. July 1, 2001.
59 OK Stat § 59-858-724 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-724. Notice and hearing - Subpoenas and depositions.

|A. Before suspending or revoking any certification, the Real Estate Appraiser Board shall notify the appraiser in writing of any charges made at least thirty (30) days prior to the date set for the hearing and shall afford the appraiser an opportunity to be heard in person or by counsel. |B. In any proceeding in which the Board is required to serve an order on an individual, the Board may send such material to the individual's address of record with the Board. If the order is returned with a notation by the United States Postal Service indicating that it is undeliverable for any reason, and the records of the Board indicate that the Board has not received any change of address since the order was sent, as required by the rules of the Board, the order and any subsequent material relating to the same matter sent to the most recent address on file with the Board shall be deemed by the court as having been legally served for all purposes. The written notice may be served personally or by registered or certified mail to the last-known business and/or residence address of the appraiser.C. The Board shall have the power to subpoena and issue subpoenas duces tecum and to bring before it any person in this state, or to take testimony by deposition, in the same manner as prescribed by law in judicial proceedings in the courts of this state.Added by Laws 1990, c. 327, § 25, emerg. eff. May 31, 1990. Amended by Laws 2006, c. 165, § 12, eff. Nov. 1, 2006; Laws 2019, c. 90, § 2, eff. Nov. 1, 2019.
59 OK Stat § 59-858-725 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-725. Time and place of hearing - Final order of Board - Review.

|A. The hearing on the charges shall be at a time and place prescribed by the Real Estate Appraiser Board and in accordance with the provisions of the Administrative Procedures Act. |B. If the Board determines that an Oklahoma certified appraiser is guilty of a violation of any of the provisions of the Oklahoma Certified Real Estate Appraisers Act, it shall prepare an order containing findings of fact, conclusions of law, and disciplinary penalties in accordance with Section 858-723 of this title. The decision and order of the Board shall be final.C. Any final decision or order of the Board shall be reviewable by a court of appropriate jurisdiction in accordance with the provisions of the Administrative Procedures Act.Added by Laws 1990, c. 327, § 26, emerg. eff. May 31, 1990. Amended by Laws 2006, c. 165, § 13, eff. Nov. 1, 2006.
59 OK Stat § 59-858-726 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-726. Uniform Standards of Professional Appraisal Practice - Compliance required.

|An Oklahoma certified real estate appraiser must comply with the current edition of the Uniform Standards of Professional Appraisal Practice, as promulgated by the Appraisal Standards Board of the Appraisal Foundation when involved in a federally related transaction or a real estate-related financial transaction of the agencies, instrumentalities and federally recognized entities as defined and recognized by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, or when both the appraiser and user of appraisal services agree in writing that the work product is an appraisal, or when a written appraisal states that it is in compliance with the Uniform Standards of Professional Appraisal Practice. |Added by Laws 1990, c. 327, § 27, emerg. eff. May 31, 1990. Amended by Laws 1996, c. 318, § 11, eff. July 1, 1996; Laws 2006, c. 165, § 14, eff. Nov. 1, 2006.
59 OK Stat § 59-858-727 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-727. Employment of certified real estate appraiser - Compliance with Act.

|A client or employer may retain or employ an Oklahoma certified real estate appraiser to act as a disinterested third party in rendering an unbiased estimate of value or analysis. A client or employer may also retain or employ an Oklahoma certified real estate appraiser to provide specialized services to facilitate the client's or employer's objectives. In either case, the appraisal and the appraisal report must comply with the provisions of this act. |Added by Laws 1990, c. 327, § 28, emerg. eff. May 31, 1990.
59 OK Stat § 59-858-728 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-728. Contingent fees.

|A. An Oklahoma certified real estate appraiser may not accept a fee for an appraisal assignment, as defined in the Oklahoma Certified Real Estate Appraisers Act, that is contingent upon the appraiser reporting a predetermined estimate, analysis or opinion or is contingent upon the opinion, conclusion or valuation reached, or upon the consequences resulting from the appraisal assignment. |B. An Oklahoma certified real estate appraiser who enters into an agreement to perform specialized services, as defined in the Oklahoma Certified Real Estate Appraisers Act, may be paid a fixed fee or a fee that is contingent on the results achieved by the specialized services.C. If an Oklahoma certified real estate appraiser enters into an agreement to perform specialized services for a contingent fee, this fact shall be clearly stated in each written and oral report. In each written report, this fact shall be clearly stated in a prominent location in such report and also in each letter of transmittal and in the certification statement made by the appraiser in such report.Added by Laws 1990, c. 327, § 29, emerg. eff. May 31, 1990.
59 OK Stat § 59-858-729 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-729. Retention of records - Inspection by Board.

|A. An Oklahoma certified real estate appraiser shall retain for five (5) years, originals or true copies of all written contracts engaging that appraiser's services for real property appraisal work, and all reports and supporting data assembled and formulated by the appraiser in preparing the reports. |B. This five-year period for retention of records is applicable to each engagement of the services of the appraiser and shall commence upon the date of the submittal of the appraisal to the client unless, within such five-year period, the appraiser is notified that the appraisal or report is involved in litigation, in which event the five-year period for the retention of records shall commence upon the date of the final disposition of such litigation.C. All records required to be maintained pursuant to the provisions of the Oklahoma Certified Real Estate Appraisers Act shall be made available by the Oklahoma certified real estate appraiser for inspection and copying by the Board on reasonable notice to the appraiser.Added by Laws 1990, c. 327, § 30, emerg. eff. May 31, 1990.
59 OK Stat § 59-858-730 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-730. Oklahoma Certified Real Estate Appraisers Revolving Fund.

|There is hereby created the "Oklahoma Certified Real Estate Appraisers Revolving Fund". The fund shall consist of all monies, other than appropriated monies, received by the Department from fees collected. The fund shall be a continuing fund not subject to fiscal year limitations and shall be subject to the administrative direction of the Department. Expenditures from the fund shall be made upon warrants issued by the State Treasurer against claims made to the Director of the Office of Management and Enterprise Services. Monies may be expended for the operating expenses of the Department and the Board and shall be made pursuant to the laws of this state. |Added by Laws 1990, c. 327, § 31, emerg. eff. May 31, 1990. Amended by Laws 2012, c. 304, § 271.
59 OK Stat § 59-858-732 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-732. Code of ethics.

|A. All persons listed in paragraph 2 of subsection A of Section 858-702 of this title must conduct all real property valuations and any real property valuation-related activity in conformance with the following: |1. An appraiser must perform ethically and competently and not engage in conduct that is unlawful, unethical or improper. An appraiser who could reasonably be perceived to act as a disinterested third party in rendering an unbiased real property valuation must perform assignments with impartiality, objectivity and independence and without accommodation of personal interests;2. The acceptance of compensation that is contingent upon the reporting of a predetermined value or a direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result or the occurrence of a subsequent event is unethical;3. The payment of undisclosed fees, commissions or things of value in connection with the procurement of real property valuation assignments is unethical;4. Advertising for or soliciting appraisal assignments in a manner which is false, misleading or exaggerated is unethical;5. An appraiser must protect the confidential nature of the appraiser-client relationship; and6. Using or attempting to use the seal, certificate, or license of another as their own; falsely impersonating any duly licensed appraiser; using or attempting to use an inactive, expired, suspended, or revoked license; or aiding or abetting any of the foregoing is unethical.B. Although this code of ethics is based upon the ethics provisions of the Uniform Standards of Professional Appraisal Practice, it is not the intent of the Legislature to incorporate the standards set forth in the Uniform Standards of Professional Appraisal Practice.Added by Laws 1996, c. 318, § 12, eff. July 1, 1996. Amended by Laws 2006, c. 165, § 15, eff. Nov. 1, 2006.
59 OK Stat § 59-858-801 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-801. Oklahoma Appraisal Management Company Regulation Act.

|This act shall be known and may be cited as the “Oklahoma Appraisal Management Company Regulation Act”. |Added by Laws 2010, c. 364, § 1, eff. Jan. 1, 2011.
59 OK Stat § 59-858-802 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-802. Purpose of act.

|It is the intent of the Legislature to develop a process for real estate appraisal management company registration and regulation in order to protect lenders, financial institutions, clients, consumers and the public from economic and financial harm and the potential for such harm that may result from interference with the independence, objectivity, and impartiality of the real estate appraisal process. |The purpose of the Oklahoma Appraisal Management Company Regulation Act is to provide a process for the registration and regulation of entities conducting, performing or engaging in, or attempting to conduct, perform or engage in, real estate appraisal management services as a real estate appraisal management company within the State of Oklahoma.Added by Laws 2010, c. 364, § 2, eff. Jan. 1, 2011.
59 OK Stat § 59-858-804 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-804. Application for registration.

|A. It is unlawful for a person to directly or indirectly engage or to attempt to engage in business as an AMC, to directly or indirectly perform or to attempt to perform appraisal management services, or to advertise or hold itself out as engaging in or conducting business as an AMC without first obtaining a registration issued by the Oklahoma Real Estate Appraiser Board under the provisions of the Oklahoma Appraisal Management Company Regulation Act. |B. The application for the registration required by subsection A of this section shall be on a form approved by the Board and shall, at a minimum, include the following information:1. Legal name and any other trade or business name of the entity seeking registration;2. Mailing and physical addresses of the entity seeking registration;3. Telephone, email, website, and facsimile contact information of the entity seeking registration;4. If the entity is a corporation that is not domiciled in this state, the name and contact information for the entity's agent for service of process in this state;5. If the entity is a corporation, limited liability company, or partnership that is not domiciled in this state, proof that the entity is properly and currently registered with the Office of the Secretary of State;6. The name, mailing and physical addresses, and contact information for any person that owns the AMC;7. The name, mailing and physical addresses, and contact information for all named controlling persons;8. A certification that the entity has a system and process in place to verify that a person being added to the appraiser panel of the AMC for appraisal services being performed in Oklahoma holds a credential in good standing in this state pursuant to the Oklahoma Certified Real Estate Appraisers Act and the rules promulgated thereunder if a license or certification is required to perform appraisals, pursuant to Section 858-817 of this title;9. A certification that the entity has a system in place to review the work of a statistically significant number of appraisal reports submitted by each appraiser who is performing real estate appraisal services for the AMC within Oklahoma on a periodic basis to validate that the real estate appraisal services are being conducted in accordance with USPAP and the Oklahoma Certified Real Estate Appraisers Act and the rules promulgated thereunder;10. A certification that the entity maintains a detailed record of each service request that it receives and the appraiser that performs real estate appraisal services for the AMC, pursuant to Section 858-819 of this title;11. An irrevocable Uniform Consent to Service of Process, pursuant to Section 858-807 of this title; and12. Any other information reasonably required by the Board to evaluate compliance with the application requirements in the Oklahoma Appraisal Management Company Regulation Act.Added by Laws 2010, c. 364, § 4, eff. Jan. 1, 2011. Amended by Laws 2016, c. 195, § 2, eff. Nov. 1, 2016; Laws 2019, c. 90, § 4, eff. Nov. 1, 2019.
59 OK Stat § 59-858-805 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-805. Applicability of act.

|The provisions of the Oklahoma Appraisal Management Company Regulation Act shall not apply to: |1. A department or unit within a financial institution that is subject to direct regulation by an agency of the United States Government that is a member of the Federal Financial Institutions Examination Council or its successor, or to regulation by an agency of this state, that receives a request for the performance of an appraisal from one employee of the financial institution, and another employee of the same financial institution assigns the request for the appraisal to an appraiser that is an independent contractor to the institution, except that an AMC that is a wholly owned subsidiary of a financial institution shall not be considered a department or unit within a financial institution to which the provisions of the Oklahoma Appraisal Management Company Regulation Act do not apply;2. A person that enters into an agreement, whether written or otherwise, with an appraiser for the performance of an appraisal, and upon the completion of the appraisal, the report of the appraiser performing the appraisal is signed by both the appraiser who completed the appraisal and the appraiser who requested the completion of the appraisal, except that an AMC may not avoid the requirements of the Oklahoma Appraisal Management Company Regulation Act by requiring an employee of the AMC that is an appraiser to sign an appraisal that is completed by an appraiser that is part of the appraisal panel of the AMC; or3. An individual or individuals who are state-certified or state-licensed appraisers in good standing credentialed by the Oklahoma Real Estate Appraiser Board and who are actively engaged in the practice of real estate appraising and, as a function of the practice, maintain a list of fifteen or fewer employees in Oklahoma or twenty-four or less employees in two or more states who are credentialed appraisers in good standing or independent contractor credentialed appraisers in good standing.Added by Laws 2010, c. 364, § 5, eff. Jan. 1, 2011. Amended by Laws 2019, c. 90, § 5, eff. Nov. 1, 2019.
59 OK Stat § 59-858-806 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-806. Duration of registration.

|A registration or a renewal of a registration granted by the Board pursuant to the Oklahoma Appraisal Management Company Regulation Act shall be valid for one (1) year from the date on which it is issued. |Added by Laws 2010, c. 364, § 6, eff. Jan. 1, 2011.
59 OK Stat § 59-858-807 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-807. Uniform Consent to Service of Process.

|Each entity applying for registration as an AMC in this state shall complete an irrevocable Uniform Consent to Service of Process, as prescribed by the Oklahoma Real Estate Appraiser Board. |Added by Laws 2010, c. 364, § 7, eff. Jan. 1, 2011.
59 OK Stat § 59-858-808 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-808. Registration fees.

|The Oklahoma Real Estate Appraiser Board shall establish the fee to be paid by each AMC seeking registration or renewal of a registration under the Oklahoma Appraisal Management Company Regulation Act. The amount of the registration and renewal fees must be the lesser of: |1. The Board’s determination of the sum of the fees paid by all appraisal management companies seeking registration or renewal of a registration under the Oklahoma Appraisal Management Company Regulation Act sufficient for the administration of the Oklahoma Appraisal Management Company Regulation Act; or2. Two Thousand Dollars ($2,000.00).Fees shall be received by the Oklahoma Insurance Department and shall be deposited to the Oklahoma Certified Real Estate Appraisers Revolving Fund as set forth in the Oklahoma Certified Real Estate Appraisers Act.Added by Laws 2010, c. 364, § 8, eff. Jan. 1, 2011.
59 OK Stat § 59-858-809 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-809. Ownership of AMC applying for, holding, or renewing a registration.

|A. An AMC applying for, holding, or renewing a registration under the Oklahoma Appraisal Management Company Regulation Act shall not be owned by: |1. A person who has held a credential issued by any appraiser-credentialing jurisdiction to act as an appraiser that was refused, denied, canceled, suspended, revoked or surrendered in lieu of a pending disciplinary proceeding in any jurisdiction and not subsequently granted or reinstated; or2. An entity that is owned by any person who has held a credential issued by any appraiser-credentialing jurisdiction to act as an appraiser that was refused, denied, canceled, suspended, revoked or surrendered in lieu of a pending disciplinary proceeding in any jurisdiction and not subsequently granted or reinstated.B. Each person that owns an AMC applying for, holding, or renewing a registration under the Oklahoma Appraisal Management Company Regulation Act shall:1. Be of good moral character, as determined by the Board; and2. Submit to a background investigation, as determined by the Board.C. Each AMC applying for registration or for renewal of a registration under the Oklahoma Appraisal Management Company Regulation Act shall certify to the Oklahoma Real Estate Appraiser Board on a form prescribed by the Board that it has reviewed each entity that owns the AMC and that no entity has had a credential issued by any appraiser-credentialing jurisdiction to act as an appraiser that was refused, denied, cancelled, suspended, revoked, or surrendered in lieu of a pending disciplinary proceeding in any jurisdiction and not subsequently granted or reinstated.Added by Laws 2010, c. 364, § 9, eff. Jan. 1, 2011. Amended by Laws 2016, c. 195, § 3, eff. Nov. 1, 2016; Laws 2019, c. 90, § 6, eff. Nov. 1, 2019.
59 OK Stat § 59-858-810 (2021)
2021 Oklahoma Statutes|Title 59. Professions and Occupations|§59-858-810. AMC controlling person.

|A. Each AMC applying to the Oklahoma Real Estate Appraiser Board for a registration or for a renewal of a registration in this state shall designate one controlling person that shall serve as the main contact for all communication between the Board and the AMC. |B. The controlling person designated pursuant to subsection A of this section shall:1. Remain in good standing with any appraiser-credentialing jurisdictions that the controlling person has credentials with, however, nothing in this section shall require that a designated controlling person hold an appraiser credential in any jurisdiction;2. Have never had a credential issued by any appraiser-credentialing jurisdiction to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of a pending disciplinary proceeding in any jurisdiction;3. Be of good moral character, as determined by the Board;4. Submit to a background investigation, as determined by the Board; and5. Notify the Oklahoma Real Estate Appraiser Board of any discipline imposed by any other jurisdiction, whether state or federal, including but not limited to consent agreements or orders, in connection with any real property valuation activity including, but not limited to, public or private reprimand, censure, financial penalty, probation, restriction on practice, delisting, suspension, revocation, surrender of license or credential, debarment or any other formal or informal resolution as to the Appraisal Management Company or any of its individual controlling officers in their capacity as an appraiser.a.Discipline imposed by another jurisdiction shall be reported in writing within ten (10) calendar days of the certificate holder's receipt of the final order or notice of the discipline imposed, and failure to report shall itself be grounds for discipline.b.The decision of the other jurisdiction that imposed discipline may not be collaterally attacked. The sole issue to be determined by the Board in the disciplinary proceeding in this state shall be the extent of the final discipline to be imposed by the Board which may be less or more severe than the discipline imposed by the other jurisdiction that imposed discipline.Added by Laws 2010, c. 364, § 10, eff. Jan. 1, 2011. Amended by Laws 2016, c. 195, § 4, eff. Nov. 1, 2016.