reglab/housing_qa huggingface dataset:
RI Gen L § 5-20.7-11 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-11 - Term of certification or license - Renewal.

§ 5-20.7-11. Term of certification or license — Renewal.The term of a certificate or license issued pursuant to this chapter is two (2) years from the date of issuance. The expiration date of the certificate or license shall appear on the certificate or license and no other notice of its expiration need be given to the holder of the license.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1.
RI Gen L § 5-20.7-12 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-12 - Issuance of certificate or license - Certificate or license number.

§ 5-20.7-12. Issuance of certificate or license — Certificate or license number.(a) A certificate or license issued pursuant to the provisions of this chapter shall bear the signature of the chairperson of the board and a certificate number assigned by the director.(b) Prior to the issuance of any trainee license, the trainee shall provide to the department a notarized affidavit signed by the certified appraiser who shall directly supervise the trainee. The affidavit must provide the business name, address, and license number of the certified appraiser.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1; P.L. 1997, ch. 341, § 1; P.L. 1997, ch. 366, § 1.
RI Gen L § 5-20.7-13 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-13 - Exclusive use of term.

§ 5-20.7-13. Exclusive use of term.(a) The term "state-certified real estate appraiser" may only be used to refer to individuals who hold the certificate and may not be used following or immediately in connection with the name or signature of a firm, partnership, corporation, or group; or in any manner that it might be interpreted as referring to a firm, partnership, corporation, group, or anyone other than an individual holder of the certificate.(b) No certificate shall be issued under the provisions of this chapter to any corporation, partnership, firm, or group. This is not construed to prevent a state-certified real estate appraiser from signing an appraisal report on behalf of a corporation, partnership, firm, or group practice.History of Section.P.L. 1990, ch. 424, § 1.
RI Gen L § 5-20.7-14 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-14 - Principal place of business.

§ 5-20.7-14. Principal place of business.(a) Each state-certified and licensed real estate appraiser shall advise the director of the address of his or her principal place of business and all other addresses at which he or she is currently engaged in the business of preparing real property appraisal reports.(b) Whenever a state-certified or licensed real estate appraiser changes his or her place of business, he or she shall give ten (10) days in advance written notification of the change to the director and shall apply for an amended certificate.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1.
RI Gen L § 5-20.7-15 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-15 - Fees.

§ 5-20.7-15. Fees.(a) The director is empowered and directed to establish a fee schedule for the application, review, examination, and reexamination of applicants for certification and licensing and for the issuance and renewal of certificates and for late fees; provided, that the annual fee for a residential or general appraiser certificate is two hundred dollars ($200).(b) There is hereby created a restricted-receipt account within the general fund of the state to be known as the real estate appraisers — registration — CLRA account. Fees collected pursuant to subsection (a) of this section shall be deposited into this account and be used to finance costs associated with real estate appraisers registration. The restricted-receipt account will be included in the budget of the department of business regulation.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1; P.L. 2004, ch. 595, art. 30, § 4; P.L. 2019, ch. 88, art. 2, § 1.
RI Gen L § 5-20.7-16 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-16 - Nonresident certified or licensed real estate appraisers - Secretary of state as agent for service of process - Reciprocity.

§ 5-20.7-16. Nonresident certified or licensed real estate appraisers — Secretary of state as agent for service of process — Reciprocity.(a) Every applicant for certification or licensing under this chapter who is not a resident of this state shall submit, with the application for certification or licensing, an irrevocable consent that service of process upon him or her may be made by delivery of the process to the secretary of state, if in an action against the applicant in a court of this state arising out of the applicant's activities as a state-certified or licensed real estate appraiser, the plaintiff cannot, in the exercise of due diligence, effect personal service upon the applicant.(b) A nonresident of the state who has complied with the provisions of subsection (a) may obtain a certificate as a state-certified real estate appraiser or a licensed real estate appraiser by conforming to all of the provisions of this chapter relating to state-certified real estate appraisers. If, in the determination by the board, another state is deemed to have substantially equivalent certification requirements, an applicant who is certified under the laws of that other state may obtain a certificate as a state-certified real estate appraiser in this state upon any terms and conditions that are determined by the board.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1.
RI Gen L § 5-20.7-17 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-17 - Continuing education prerequisite to renewal.

§ 5-20.7-17. Continuing education prerequisite to renewal.(a) As a prerequisite to certificate or license renewal, a state-certified or licensed real estate appraiser shall present evidence satisfactory to the director of having met the continuing education requirements of this section.(b) The basic continuing education requirement for renewal of a certificate or license is the completion by the applicant, during the immediately preceding term of certification, of not less than twenty-eight (28) hours of instruction in courses or seminars from a duly licensed real estate school pursuant to the provisions of § 5-20.5-19 or a nationally recognized appraisal organization, college, university, or other school approved by the appraiser qualifications board of the Appraisal Foundation or such other school as approved by the board.(c) In lieu of meeting the requirements of subsection (b) of this section, an applicant for certificate or license renewal may satisfy all or part of the recertification requirements by presenting evidence of the following:(1) Completion of an educational program of study determined by the board to be equivalent, for continuing education purposes, to courses meeting the requirements of subsection (b) of this section; or(2) Participation other than as a student in educational processes and programs approved by the board that relate to appraisal theory, practices, or techniques, including, but not necessarily limited to, teaching, program development, and preparation of textbooks, monographs, articles, and other instructional materials.(3) [Deleted by P.L. 2013, ch. 54, § 1 and P.L. 2013, ch. 58, § 1].History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1; P.L. 2013, ch. 54, § 1; P.L. 2013, ch. 58, § 1.
RI Gen L § 5-20.7-18 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-18 - Retention of records.

§ 5-20.7-18. Retention of records.(a) A state-certified or licensed real estate appraiser shall retain for five (5) years originals or true copies of all written contracts engaging his or her services for real property appraisal work, and all reports and supporting data assembled and formulated by the appraiser in preparing the reports.(b) The five-year (5) period for retention of records is applicable to each engagement of the services of the appraiser and commences upon the date of the submittal of the appraisal to the client unless, within such five-year (5) period, the appraiser is notified that the appraisal or report is involved in litigation, in which event the five-year (5) period for the retention of records is five (5) years upon the date of the submittal of the appraisal to the client or three (3) years from the date of the final disposition of the litigation, whichever is greater.(c) All records required to be maintained under the provisions of this chapter shall be made available by the certified real estate appraiser for inspection and copying by the board on reasonable notice to the appraiser.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1; P.L. 1994, ch. 211, § 1; P.L. 1994, ch. 266, § 2.
RI Gen L § 5-20.7-19 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-19 - Standards of practice.

§ 5-20.7-19. Standards of practice.A state-certified or licensed real estate appraiser must comply with the uniform standards of professional appraisal practice promulgated by the appraisal standard board of the Appraisal Foundation.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1.
RI Gen L § 5-20.7-21 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-21 - Violations - Penalties.

§ 5-20.7-21. Violations — Penalties.(a) Any person upon conviction of acting or representing themselves to be a state-certified or licensed real estate appraiser or performing the duties of a certified or licensed real estate appraiser as defined within this chapter without first obtaining a certification or license is guilty of a misdemeanor punishable by a fine of not less than one hundred dollars ($100) nor more than five hundred dollars ($500), or by imprisonment for a term not to exceed one year, or both; and if a corporation, by a fine of not less than one thousand dollars ($1,000) nor more than two thousand dollars ($2,000). Any person upon conviction of a second or subsequent offense is punishable by a fine of not less than five hundred dollars ($500) nor more than one thousand dollars ($1,000), or by imprisonment for a term not to exceed two (2) years, or both; and if a corporation, by a fine of not less than two thousand dollars ($2,000) nor more than five thousand dollars ($5,000).(b) In case any person has received any money, or the equivalent of money, as a fee, commission, compensation, or profit by or in consequence of a violation of any provision of this chapter, he or she shall, in addition, be liable to a penalty of not less than the amount of this sum or money so received and not more than three (3) times the sum received, as may be determined by the court, which penalty may be recovered in any court of competent jurisdiction by any person aggrieved together with all reasonable attorney's fees and costs incurred in the prosecution of the action.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1.
RI Gen L § 5-20.7-22 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-22 - Hearing before revocation or suspension; refusal of certification or licensing.

§ 5-20.7-22. Hearing before revocation or suspension; refusal of certification or licensing.(a) Before refusing to issue a certificate or license or suspending or revoking a certificate or license on its own motion, the director shall notify the applicant of his or her intended action and the grounds for the action. The applicant may, within twenty (20) days, file with the director a request for a hearing setting out his or her answer to the grounds specified in the notification. The director shall consider the answer and set a date for the hearing, notifying the applicant of that date at least twenty (20) days prior to the hearing date.(b) Before refusing to issue a certification or suspending or revoking an existing certificate or license upon the verified, written complaint of any person setting out a cause of action under § 5-20.7-20, the director shall, in writing, notify the accused applicant or certificate holder of its receipt of the complaint, enclosing a copy of the complaint. The accused applicant, certificate, or license holder shall, within twenty (20) days, file his or her answer(s) to the complaint or complaints with the department.(c) The board shall transmit a copy of the answer to the complainant or complainants and set a time and place for a hearing, which shall be at least twenty (20) days prior to the hearing date.(d) All notices and answers required or authorized to be made or filed under this section may be served or filed personally, or by certified mail to the last known business address of the addressee. If served personally, the time runs from the date of service; if by registered mail, from the postmarked date of the letter enclosing the document.(e) The director shall render a decision on any application or complaint within sixty (60) days after the final hearing in the matter and shall immediately notify the parties to the proceedings, in writing, of its rulings, orders, or decisions. If the matter contained in the complaint has been filed or made a part of a case pending in any court in this state, the director may then withhold its decision until the court action has been concluded. Hearings shall be held in accordance with rules promulgated by the department in conformity with law. Any party aggrieved by a final administrative decision of the director may appeal the decision in accordance with the provisions of the administrative procedures act, chapter 35 of title 42.History of Section.P.L. 1990, ch. 424, § 1; P.L. 1992, ch. 275, § 1; P.L. 2014, ch. 92, § 2; P.L. 2014, ch. 93, § 2.
RI Gen L § 5-20.7-23 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-23 - Severability.

§ 5-20.7-23. Severability.If any provision of this chapter or the application of this chapter to any person or circumstances is deemed invalid, that invalidity does not affect other provisions or applications of the chapter that can be given effect without the invalid provision or application, and to this end the provisions of this chapter are declared to be severable; provided, that if any provision of this chapter, or the application of any provision to any person or circumstance, is held invalid or determined to be contrary to federal laws or regulations governing the certification or licensure of real estate appraisers, the remainder of this chapter shall be given effect without the invalid provision or application.History of Section.P.L. 1990, ch. 424, § 1.
RI Gen L § 5-20.7-24 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-24 - Mortgage loan appraisers - Relationship with lending institution.

§ 5-20.7-24. Mortgage loan appraisers — Relationship with lending institution.(a) Every bank, trust company, loan-investment company, mortgage company, and credit union or any other lending institution, that accepts an application for any residential mortgage loan or any commercial mortgage loan that requires an appraisal in order to process the loan is not permitted to use an appraisal company that is either owned by or has directors, stockholders, or employees of that bank, trust company, loan-investment company, mortgage company, and credit union or any other lending institution.(b) All appraisal companies doing business in the state are required to disclose with the Rhode Island department of business regulation those lending institutions that may have an ownership interest in the appraisal company. If an ownership relationship exists between the lending institution and an appraisal company, then the appraisal company is prohibited from conducting any appraisals for that lending institution.(c) Any appraisal companies doing business within the state shall comply with the provisions of this chapter, title XI of the Federal Financial Institutions Reform, Recovery and Enforcement Act of 1989, 12 U.S.C. § 3331 et seq., as may be amended from time to time, and with the federal and state regulatory standards promulgated thereunder.(d) Any lending institution that maintains Federal Deposit Insurance Corporation (FDIC) or National Credit Union Association (NCUA) insurance protection for its deposits at a lending institution is exempt from this provision.(e) A violation of this section shall also be considered to be a violation of chapter 13.1 of title 6.History of Section.P.L. 1992, ch. 211, § 1; P.L. 2014, ch. 92, § 2; P.L. 2014, ch. 93, § 2.
RI Gen L § 5-20.7-25 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-25 - Effect of federal law.

§ 5-20.7-25. Effect of federal law.Notwithstanding any provision in this chapter to the contrary, any applicable provisions of title XI of the federal "Financial Institutions Reform, Recovery & Enforcement Act of 1989 (FIRREA)," 12 U.S.C. § 3331 et seq., as may be amended from time to time, and any federal regulatory standards promulgated thereunder shall supersede any inconsistent provisions of this chapter.History of Section.P.L. 1994, ch. 211, § 2; P.L. 2014, ch. 92, § 2; P.L. 2014, ch. 93, § 2.
RI Gen L § 5-20.7-26 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.7 - Real Estate Appraiser Certification Act|Section 5-20.7-26 - Order to cease unsafe practices - Appeal.

§ 5-20.7-26. Order to cease unsafe practices — Appeal.If the department of business regulation has reason to believe that any person, firm, or corporation or association is conducting any activities requiring licensure or certification pursuant to this chapter without obtaining a license, or who after the denial, suspension, or revocation of a license conducts any activities requiring licensure or certification pursuant to this chapter, the department may issue its order to that person, firm, corporation, or association commanding them to appear before the department at a hearing to be held not sooner than ten (10) days and not later than twenty (20) days after issuance of that order, to show cause why the department should not issue an order to that entity to cease and desist from the violation of the provisions of this chapter. The order to show cause may be served on any person, firm, corporation, or association named in the order in the same manner that a summons in a civil action may be served, or by mailing a copy of the order, certified mail, return receipt requested, to that entity at any address that is the place of business or place of residence. If upon that hearing the department is satisfied that the entity is in fact violating any provision of this chapter, then the department may order that entity, in writing, to cease and desist from that violation. All hearings shall be governed in accordance with chapter 35 of title 42. If that entity fails to comply with an order of the department after being afforded a hearing, the superior court in the county where the land or real estate is located has jurisdiction upon complaint of the department to restrain and enjoin that entity from violating this chapter.History of Section.P.L. 2000, ch. 154, § 1.
RI Gen L § 5-20.8-1 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.8 - Real Estate Sales Disclosures|Section 5-20.8-1 - Definitions.

§ 5-20.8-1. Definitions.When used in this chapter, unless the context indicates otherwise:(1) "Agent" means any individual or entity acting on behalf of a seller or buyer to effect the transfer of real estate. It includes listing agent, selling agent, buyer's agent, and their respective brokers.(2) "Agreement to transfer" means a purchase and sale agreement, installment-sales contract, option to purchase agreement, or other agreement intended to effect the transfer of real estate from a seller to a buyer.(3) "Buyer" means any individual or entity seeking to obtain title to real estate from a seller for consideration.(4) "Closing" means the time at which real estate is transferred from seller to buyer and consideration is delivered to the seller or to a settlement agent with the intention of imminent delivery upon the recording of pertinent documents and other ministerial acts associated with settlement.(5) "Deficient conditions" means any land restrictions, defect, malfunction, breakage, or unsound condition existing on, in, across, or under the real estate of which the seller has knowledge.(6) "Real estate" means vacant land or real property and improvements consisting of a house or building containing one to four (4) dwelling units.(7) "Seller" means any individual or entity seeking to transfer title to real estate to a buyer for consideration.(8) "Transfer" means the sale or conveyance, exchange of, or option to purchase any real estate.History of Section.P.L. 1992, ch. 425, § 1.
RI Gen L § 5-20.8-3 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.8 - Real Estate Sales Disclosures|Section 5-20.8-3 - Exemptions.

§ 5-20.8-3. Exemptions.The following transfers are exempt from the provisions of this chapter:(1) Transfer pursuant to a court order, including, but not limited to, transfer ordered by a probate court in administration of an estate, transfer pursuant to a writ of execution, transfer by a trustee in bankruptcy, transfer by eminent domain, and transfer resulting from a decree for specific performance;(2) Transfer to a mortgagee by a mortgagor or pursuant to a foreclosure sale, or transfer by a mortgagee who has so acquired the real estate;(3) Transfer by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust;(4) Transfer from one co-owner to one or more other co-owners;(5) Transfer made to a spouse, or to a person or persons in the lineal line of consanguinity of one or more of the transferors;(6) Transfer between spouses resulting from a decree of dissolution of marriage or a decree of legal separation or from a property settlement agreement incidental to that decree;(7) Transfer from any governmental entity;(8) Transfer of any new unoccupied dwelling unit from a builder or developer;(9) Transfer by a relocation company; and(10) Transfer of title with no consideration.History of Section.P.L. 1992, ch. 425, § 1.