reglab/housing_qa huggingface dataset:
V.I. Code tit. 27, § 421a (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 15 - Real Estate Brokers and Salesmen|§ 421a. Virgin Islands Real Estate Commission

 Establishment  (a) There is hereby created within the Department the Virgin Islands Real Estate Commission. Composition; qualifications of members  (b) The Commission shall be composed of seven (7) members appointed by the Governor, not more than three of whom shall be licensed real estate brokers. One of such real estate brokers shall be an attorney. They shall be citizens of the United States and residents of the Virgin Islands. The members who are real estate brokers shall have been licensed as brokers in the Virgin Islands for at least five consecutive years prior to the date of appointment; Provided, however, That for the purpose of this requirement licensure as a real estate agent in the Virgin Islands prior to December 1, 1967, may be counted. Not more than three members may reside in any one island. Appointment of members; terms  (c) The Governor shall make initial appointments to the Commission within sixty days after May 14, 1967, three members to be appointed for initial terms of two years, and two members for initial terms of four years. Thereafter, all members shall be appointed for terms of four years, except that any person appointed to fill a vacancy occurring prior to the expiration of the term for which his predecessor was appointed shall be appointed only for the remainder of such term. Each member shall serve until the appointment and qualification of his successor. Appointment of members to the Commission shall be subject to confirmation by the Legislature. Chairman  (d) The Commission shall annually elect one of its members to serve as Chairman; Provided, That the Governor shall designate the Chairman of the Commission initially appointed under this section. Compensation  (e) The members of the Commission shall serve without compensation, but shall be subject to the provisions of section 65 of this Code. Removal of members  (f) The members may be removed by the Governor for cause.
V.I. Code tit. 27, § 422 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 15 - Real Estate Brokers and Salesmen|§ 422. Duties of Real Estate Commission

 In addition to any other powers and duties that may be provided by law, the Commission shall administer the provisions of this chapter, except as otherwise specifically provided, and without limitation on the generality of the foregoing shall have the powers and duty to— (1) adopt an official seal; (2) employ counsel, subpoena witnesses and administer oaths; (3) keep records of its proceedings; (4) recommend the issuance, suspension, revocation or reinstatement of licenses under this chapter; (5) submit to the Governor through the Commissioner of Licensing and Consumer Affairs annual reports containing a summary of its work, a register of all persons licensed under the provisions of this chapter, and such other data as the Governor or the Commissioner of Licensing and Consumer Affairs may request or as may be deemed proper by the Commission; (6) adopt, amend and repeal rules and regulations and bylaws not inconsistent with the provisions of this chapter relating to the organization and operation of the Commission and the licensing under this chapter of real estate brokers and real estate salesmen, which rules, regulations or bylaws shall be approved by the Governor.
V.I. Code tit. 27, § 423 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 15 - Real Estate Brokers and Salesmen|§ 423. Issuance of licenses

 (a) From and after the effective date of this chapter, it shall be unlawful for any person, partnership, association or corporation to engage in or carry on the business, or act in the capacity of a real estate broker or a real estate salesman within the Virgin Islands without first obtaining a license as provided in this chapter. (b) No person may be licensed as a real estate broker unless, in the case of a natural person, such person is (1) at least twenty-one years of age, (2) a citizen of the United States or a permanent resident alien, and (3) a resident of the Virgin Islands for at least two consecutive years prior to the date of the application; Provided, however, That any person admitted to practice law in the Virgin Islands as a member of the Virgin Islands Bar shall, upon application and a showing of his membership and a payment of the required fee, be issued a license as a real estate broker. (c) No partnership, association, or corporation shall be licensed as a real estate broker, unless at least one of the members of any such partnership or association or at least one of the officers of any such corporation is duly licensed as a real estate broker. (d) No person may be licensed as a real estate salesman unless he is (1) at least twenty-one years of age, (2) a citizen of the United States or a permanent resident alien, and (3) a resident of the Virgin Islands for at least one year prior to the date of the application. No real estate salesman's license may be issued to a partnership, association, or corporation. A real estate salesman shall be sponsored by a licensed real estate broker.
V.I. Code tit. 27, § 424 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 15 - Real Estate Brokers and Salesmen|§ 424. Application for license

 (a) Application for a license as a real estate broker or a real estate salesman shall be made to the Commission on such forms as it shall prescribe. (b) Such further reasonable and pertinent information as the Commission may require shall be furnished by the applicant for license as a real estate broker to enable the Commission to determine the honesty, trustworthiness and good moral character of the applicant, if an individual, or of each member of a partnership or each officer of a corporation for whom a license as a broker is applied.
V.I. Code tit. 27, § 425a (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 15 - Real Estate Brokers and Salesmen|§ 425a. Issuance of licenses without examination

 Notwithstanding any provision of law to the contrary, the Virgin Islands Real Estate Commission shall issue a real estate broker's license to any person (1) who held a valid real estate agent's license in the Virgin Islands prior to May 4, 1967, (2) who meets the other qualifications for licensure as a real estate broker required by the provisions of this chapter and (3) who applies in writing to the Commission for a license under this Act within thirty (30) days after this Act becomes effective, without requiring such person to take an examination.
V.I. Code tit. 27, § 426 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 15 - Real Estate Brokers and Salesmen|§ 426. Issuance of the license

 (a) The Commission shall report its recommendations with respect to the issuance of licenses, including the results of examinations, where such are required, to the Commissioner of Licensing and Consumer Affairs, who upon a determination that all requirements have been met shall issue a license to each qualifying applicant within thirty days. If the Commissioner of Licensing and Consumer Affairs determines that all requirements have not been met and refuses to issue a license to an applicant, he shall notify the Commission in writing of the reasons for his determination and refusal within ten days. (b) The Commission shall prepare and issue to each licensee a pocket card of such size and design as the Commission may prescribe and which shall contain the name and business address of the licensee and shall certify that the person whose name appears thereon is a licensed real estate broker or real estate salesman, as the case may be. Each such pocket card shall bear the imprint or impress of the seal of the Commission. The pocket card issued with a real estate salesman's license shall be delivered to the salesman as soon as received by the real estate broker from the Commission. Such card shall be shown on demand.
V.I. Code tit. 27, § 427 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 15 - Real Estate Brokers and Salesmen|§ 427. Effective term of license

 All licenses issued under the provisions of this chapter shall expire on December 31st of the year in which issued. Thereafter, such licenses shall be renewed annually, by payment of the prescribed fee, as a condition to engaging in the real estate business as a real estate broker or a real estate salesman.
V.I. Code tit. 27, § 428 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 15 - Real Estate Brokers and Salesmen|§ 428. Fixed office required of real estate broker

 (a) Each resident licensed real estate broker shall maintain a fixed office within the Virgin Islands which may also be the licensed real estate broker's residence, which shall be designated in his license. The original license as real estate broker and the original license of each real estate salesman in the employ of or under contract to such broker shall be prominently displayed in the office. In case of removal from the designated address, the licensee shall make application to the Commission, designating the new location of his office. (b) If the applicant for a real estate broker's license maintains more than one place of business within the Virgin Islands, he shall apply for and obtain an additional license for each branch office so maintained by him.
V.I. Code tit. 27, § 429 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 15 - Real Estate Brokers and Salesmen|§ 429. Suspension or revocation of license

 (a) The Commissioner of Licensing and Consumer Affairs, upon recommendation of the Commission, and subject to appeal to the Governor within fifteen days after such recommendation, may revoke or suspend the license of any person issued under this chapter who, after due notice and hearing by the Commission is found guilty of any of the offenses described in this chapter. (b) The Commission may, upon its own motion, or upon the verified complaint in writing of any person, hold a hearing for the suspension or revocation of a license. The Commission may recommend to the Commissioner of Licensing and Consumer Affairs the revocation or suspension of a license where it has been obtained by fraud or false representation, or where the licensee, in performing or attempting to perform any of the acts mentioned herein, is found guilty of— (1) pursuing a continued and flagrant course of misrepresentation, or making false promises through agents or salesmen or any medium of advertising, or otherwise, or (2) misleading or untruthful advertising, or using the trade name or insignia of member in any real estate organization of which the licensee is not a member, or (3) failing within a reasonable time to account for or remit any moneys coming into his possession which belong to others, commingling funds of others with his own, or failing to keep such funds of others in escrow or trustee account, or (4) being convicted in a court of competent jurisdiction of forgery, embezzlement, obtaining money under false pretenses, extortion, conspiracy to defraud, or any similar offense or offenses, or pleading guilty or nolo contendre to any such offense or offenses, or (5) failing to furnish a copy of any written instrument to any party executing the same at the time thereof, or (6) any conduct in a real estate transaction which demonstrates bad faith, dishonesty, untrustworthiness or incompetency, or (7) failure to disclose to an owner his intention or true position where he directly or indirectly purchases for himself, or acquires or intends to acquire any interest in, or options to purchase property which he or his associates have been employed to sell, or (8) failing to make known for which party he is acting, or receiving compensation from more than one party, except with the full knowledge of all parties, or (9) dividing a commission or any other valuable consideration with any person who is not authorized to engage in the real estate business.
V.I. Code tit. 27, § 430 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 15 - Real Estate Brokers and Salesmen|§ 430. Fees

 The following fees shall be charged and collected by the Commission and paid into the Treasury of the Virgin Islands: (1) For each examination for a broker's license a fee of $20; for a salesman's license a fee of $5. (2) For the issuance or renewal of each broker's license, a fee of $200. (3) For the issuance or renewal of each salesman's license issued a fee of $100. (4) For each additional office or place of business, an annual fee of $80. (5) For each change of place of business or change of employee or contractual associate, a fee of $5. (6) For each duplicate license, where the original license is lost or destroyed and affidavit is made thereof, a fee of $2. (7) For each duplicate pocket card, where the original pocket card is lost or destroyed and affidavit is made thereof, a fee of $1.
V.I. Code tit. 27, § 431 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 15 - Real Estate Brokers and Salesmen|§ 431. Prohibitions

 (a) No person shall maintain an action in any court of the Virgin Islands for the recovery of a commission, fee, or compensation for any act done, the doing of which is prohibited under this chapter by other than a licensed real estate broker or a licensed real estate salesman, unless such person was licensed hereunder as a broker or a salesman at the time of the doing of the act. (b) No person shall assume or use the title or designation “real estate broker”, “real estate salesman”, “realtor”, “realty”, or any other title, designation, words, letters, abbreviations, signs, cards or device tending to indicate that such person is a real estate broker or real estate salesman unless such person is duly licensed as a real estate broker or a real estate salesman, as the case may be, under the provisions of this chapter. (c) Any person who wilfully violates any of the provisions of this chapter or any rules or regulations issued hereunder shall be fined not more than $500 or imprisoned not more than six months or both.
V.I. Code tit. 27, § 432 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 16 - Real Estate Appraisers|§ 432. Short title

 This chapter shall be known and may be cited as the “Real Estate Appraiser Licensing and Certification Act”.
V.I. Code tit. 27, § 434 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 16 - Real Estate Appraisers|§ 434. Real Estate Appraisers Board; membership; duties

 (a) There is hereby created the Virgin Islands Real Estate Appraisers Board consisting of seven members, appointed by the Governor with the advice and consent of the Legislature. The Board shall be under the Department of Licensing and Consumer Affairs for administrative purposes. No more than three members shall be real estate appraisers who have been actively engaged in the real estate appraisal field and of the three real estate members no more than two members shall be from any one district. Of the four remaining members, no more than two shall be involved in banking or mortgage lending activities or in the active use of appraisers. (b) The term of each member of the Board shall be three years. Members of the Board shall elect a Chairman and Vice-Chairman, and such other officers as deemed necessary. In the event of a vacancy on the Board, the Governor shall appoint a person to fill such vacancy and the person so appointed to the vacant position shall meet the requirements of this chapter and shall serve for the remainder of the unexpired term. (c) Members of the Board shall hold office until the appointment and qualification of their successors. Members may be removed from the Board by the Governor for cause. (d) The Board shall meet at least once quarterly, and as often as necessary, to conduct the business of the Board. A quorum of the Board shall be four members. (e) Each member of the Board shall receive the per diem set for all Boards and Commissions plus actual travel expenses incurred in the performance of official duties. (f) The Board shall by rules and regulations authorized by this chapter, establish fees to be charged and collected; provided, however, that full-time employees of the Government of the Virgin Islands who perform appraisals for the Government shall be exempt from the payment of all fees under the provisions of this chapter. (g) The Board shall adopt an official seal engraved with the words “Real Estate Appraiser Board, Government of the Virgin Islands” by which it shall authenticate the acts of the Board. All records and papers, including copies thereof, in the Office of the Board, certified by the signature of the Board's Chairman and the seal of the Board, shall be received as legal evidence. (h) The Board shall maintain written records of all meetings and of any action taken therein, including records of all licensed real estate appraisers and certified real estate appraisers. (i) Members of the Board shall be immune from any civil or criminal action for initiating or assisting in any lawful investigation of the actions of, or any disciplinary proceeding concerning, a licensed or certified real estate appraiser pursuant to this chapter.
V.I. Code tit. 27, § 436 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 16 - Real Estate Appraisers|§ 436. Temporary, reciprocal and renewal licenses

 (a) Temporary licenses or certifications for such time as determined by the Board, may be awarded by the Board to nonresident appraisers who: (1) are licensed or certified in another state whose standards have been approved by the Appraisal Subcommittee and meet the requirements of Title XI of the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Public Law No. 101–73; (2) are performing an appraisal for a federally regulated transaction; (3) are conducting business of a temporary nature; and (4) register with the Real Estate Appraisers Board and pay the required fees determined by the Board. (b) If, in the determination of the Board, another jurisdiction has substantially equivalent licensure laws for real estate appraisers, an applicant for licensure in the Virgin Islands who is licensed under the law of that other jurisdiction may obtain a license or be certified as a real estate appraiser in the Virgin Islands upon such terms and conditions as may be determined by the Board, if the laws of that jurisdiction accord substantially equal reciprocal rights to a licensed or certified appraiser in good standing in the Virgin Islands and no disciplinary proceedings are pending against the applicant in that or any other jurisdiction. (c) As a prerequisite to renewal of a license or certification, an appraiser shall present evidence satisfactory to the Board of having successfully completed or instructed, during the immediately preceding term of licensure or certification, Board approved continuing education courses of not less than thirty hours in-class instruction for each three year period of the renewal period for licensed real estate appraisers or certified real estate appraisers. No appraiser whose license or certification has been placed on inactive status, shall be allowed to reactivate a license or certification unless the provisions of this subsection are met in addition to any other requirements of this chapter.
V.I. Code tit. 27, § 437 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 16 - Real Estate Appraisers|§ 437. Provisional real estate appraiser's license

 The Board is authorized to grant a special Provisional Real Estate Appraiser's License to an applicant who successfully passes an examination approved and administered by the Board and consistent with the Uniform State Certification Examination issued or endorsed by the Appraisal Qualification Board of the Appraisal Foundation, and who does not meet either the experience or education requirements (but not both). This Provisional Real Estate Appraiser's License shall be valid for two years and may not be renewed. Anyone receiving a special Provisional Real Estate Appraiser's License shall within two years of issuance of the license, complete either the experience or education requirements for either the “Licensed” or “Certified” Real Estate Appraiser's category.
V.I. Code tit. 27, § 438 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 16 - Real Estate Appraisers|§ 438. Education classes

 (a) In making its determination with respect to the courses of study required by this chapter, the Board shall give weight to courses which teach the following: (1) Appropriate knowledge of technical terms commonly used in or related to real estate appraising and appraisal report writing and economic concepts applicable to real estate and real property; (2) An understanding of the basic principles of land economics and the real estate appraisal process and the problems likely to be encountered in gathering, interpreting, and processing the data required in the real estate appraisal process; (3) An understanding of the standards for the development and communication of real estate appraisals as provided in this chapter; (4) An understanding of the ethical rules that an appraiser is required to observe; (5) Appropriate knowledge of theories of depreciation cost estimating, methods of capitalization, and the mathematics of real estate appraisal; (6) An understanding of basic real estate law; (7) An understanding of the types of misconduct for which disciplinary proceedings may be initiated against an appraiser, as set forth in this chapter; and (8) An understanding of such other matters as may confront appraisers in real estate appraisal activity. (b) Failure to complete any of the educational requirements as provided in this chapter shall be grounds for denial of a license or certification or denial of a renewal of license or certification. No fees or portion of fees paid shall be refunded if an appraiser fails to meet the continuing education provisions of this chapter. (c) Notwithstanding the above provisions, the Board is authorized to require additional hours of educational classes for applicants for licensure or certification or of continuing education for licensed real estate appraisers or certified real estate appraisers, in compliance with federal law.
V.I. Code tit. 27, § 441 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 16 - Real Estate Appraisers|§ 441. Denial; appeal

 (a) If the Board, after an application in proper form has been filed with it, accompanied by the proper fee, shall deny the applicant a license or certification, the Board shall provide for a hearing for such applicant in accordance with rules and regulations issued by the Board. (b) Any person who has exhausted all administrative remedies available within this chapter and who is aggrieved by a final decision in a contested case is entitled to judicial review in the Superior Court of the Virgin Islands.
V.I. Code tit. 27, § 442 (2019)
2019 US Virgin Islands Code|Title 27 - Professions and Occupations|Chapter 16 - Real Estate Appraisers|§ 442. Change of residency

 If an appraiser changes a residence or place of business address, such appraiser shall notify the Board, in writing, within 21 days of such change.