reglab/housing_qa huggingface dataset:
MT Code § 37-54-113 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 1. General|37-54-113. Registry fees -- statutory appropriation

  37-54-113. (Temporary) Registry fees -- statutory appropriation. Registry fees collected under 37-54-105(12) are separate from registration fees provided for elsewhere in this part. Registry fees are statutorily appropriated, as provided in 17-7-502, to the department to transmit to the appraisal subcommittee of the federal financial institutions examination council. (Terminates June 30, 2023--sec. 12, Ch. 55, L. 2017.)   History: En. Sec. 2, Ch. 55, L. 2017.
MT Code § 37-54-201 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 2. Licensure|37-54-201. Real estate appraiser license -- scope and display of license

  37-54-201. Real estate appraiser license -- scope and display of license. (1) Upon proof that an applicant meets the qualifications set out in 37-54-202, the board shall issue to the applicant a real estate appraiser license.   (2) The term "licensed real estate appraiser" may not be used to describe a firm, partnership, corporation, group, or anyone other than an individual licensee. However, a licensed real estate appraiser may engage in real estate appraisal as a professional corporation.   (3) This chapter does not preclude a person who is not a licensed or certified real estate appraiser from appraising real property for transactions not related to a federal agency or project for compensation if the person does not purport to be a licensed or certified real estate appraiser. A person who purports that the person or the person's company is licensed under this section or certified under 37-54-302 and 37-54-303 without possessing the applicable license or certificate is guilty of a misdemeanor.   (4) This section does not:   (a) prohibit a person who is licensed to practice in this state under any law from engaging in the practice for which the person is licensed;   (b) apply to public officials in the conduct of their official duties that are not governed by the rules established by the federal financial institutions examination council agencies.   (5) A licensed or certified real estate appraiser is subject to restrictions on the scope of practice, depending on the value and complexity of the federally related transaction or transactions pursuant to rules established by the federal financial institutions examination council agencies, and the restrictions must remain current with any changes in those rules.   (6) A licensed real estate appraiser shall conspicuously display the license in the appraiser's principal place of business.   History: En. Sec. 5, Ch. 409, L. 1991; amd. Sec. 29, Ch. 481, L. 1997; amd. Sec. 9, Ch. 196, L. 2003.
MT Code § 37-54-202 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 2. Licensure|37-54-202. Qualifications for licensure

  37-54-202. Qualifications for licensure. (1) To qualify for a real estate appraiser license, an applicant:   (a) must be of good moral character;   (b) shall successfully complete a course of study prescribed by the board;   (c) must have the type and amount of experience in real estate appraisal prescribed by the board;   (d) shall successfully complete an examination prescribed by the board; and   (e) shall comply with any other requirements related to the practice of real estate appraisal as prescribed by the board by rule.   (2) To qualify for licensure as a real estate appraisal trainee, an applicant:   (a) must be of good moral character;   (b) shall successfully complete a course of study prescribed by the board;   (c) shall provide a written acknowledgment from the real estate appraiser mentor that the applicant will be assisting; and   (d) is not required to take an examination.   (3) As a prerequisite to the issuance of a real estate appraiser license or real estate appraisal trainee license, the board shall require the applicant to submit fingerprints for the purpose of fingerprint and background checks by the Montana department of justice and the federal bureau of investigation as provided in 37-1-307.   (4) If an applicant has a history of criminal convictions, then pursuant to 37-1-203, the applicant has the opportunity to demonstrate to the board that the applicant is sufficiently rehabilitated to warrant the public trust, and if the board determines that the applicant is not, the license may be denied.   History: En. Sec. 6, Ch. 409, L. 1991; amd. Sec. 30, Ch. 481, L. 1997; amd. Sec. 2, Ch. 341, L. 2003; amd. Sec. 3, Ch. 303, L. 2015.
MT Code § 37-54-203 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 2. Licensure|37-54-203. Repealed

  37-54-203. Repealed. Sec. 46, Ch. 481, L. 1997.   History: En. Sec. 7, Ch. 409, L. 1991.
MT Code § 37-54-204 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 2. Licensure|37-54-204. through 37-54-209 reserved

  37-54-204 through 37-54-209 reserved.
MT Code § 37-54-210 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 2. Licensure|37-54-210. Repealed

  37-54-210. Repealed. Sec. 127, Ch. 467, L. 2005.   History: En. Sec. 8, Ch. 409, L. 1991; amd. Sec. 1, Ch. 81, L. 1993; amd. Sec. 110, Ch. 429, L. 1995; amd. Sec. 31, Ch. 481, L. 1997.
MT Code § 37-54-211 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 2. Licensure|37-54-211. Repealed

  37-54-211. Repealed. Sec. 127, Ch. 467, L. 2005.   History: En. Sec. 9, Ch. 409, L. 1991; amd. Sec. 2, Ch. 81, L. 1993; amd. Sec. 111, Ch. 429, L. 1995; amd. Sec. 32, Ch. 481, L. 1997; amd. Sec. 51, Ch. 271, L. 2003.
MT Code § 37-54-212 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 2. Licensure|37-54-212. Temporary registration of certification and licensure of out-of-state appraisers

  37-54-212. Temporary registration of certification and licensure of out-of-state appraisers. (1) The board shall recognize on a temporary basis the certificate or license of an appraiser issued by another state if:   (a) the appraiser's business in this state is of a temporary nature; and   (b) the appraiser registers with the board.   (2) The out-of-state appraiser shall submit an application for temporary registration on a form prescribed by the board and pay the required fee. In addition, a letter of good standing or license history indicating that the applicant is currently in good standing must be submitted directly to the board's office from the applicant's state of certification or licensure, or the board may obtain a national registry appraiser license history report.   (3) The temporary registration is valid only for a single appraisal assignment within this state. The temporary registration may be awarded for a 6-month period and renewed one time within the 12-month period following the original date on which the temporary registration was issued.   (4) A single appraisal assignment may include one or more properties under a single contract with a single client.   History: En. Sec. 39, Ch. 492, L. 2001.
MT Code § 37-54-301 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 3. Certification|37-54-301. Certification -- use of term -- standards of practice

  37-54-301. Certification -- use of term -- standards of practice. (1) A person may not represent to the public that the person is a certified real estate appraiser unless the person is certified under this chapter.   (2) Only a certified real estate appraiser may prepare and sign a certified appraisal report relating to real estate or real property in this state. If an appraisal report is prepared, signed, and certified by a certified real estate appraiser, a person licensed under this chapter who assisted in the preparation of the appraisal may cosign the appraisal report.   (3) The term "certified real estate appraiser" may not be used to describe a firm, partnership, corporation, group, or anyone other than an individual certificate holder. However, a certified real estate appraiser may develop and communicate an appraisal on behalf of a firm, partnership, corporation, or group.   (4) Whenever an appraisal or appraiser report is identified by the certified real estate appraiser as "certified", the appraiser shall indicate in writing the class of certification the appraiser holds.   History: En. Sec. 17, Ch. 409, L. 1991; amd. Sec. 33, Ch. 481, L. 1997.
MT Code § 37-54-302 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 3. Certification|37-54-302. Certification process -- fees

  37-54-302. Certification process -- fees. (1) An application for certification, original certification, or renewal of certification must be made in writing to the board on forms approved by the board.   (2) A fee established by the board by rule must accompany the application.   (3) When an applicant files an application for original certification or renewal of certification, the applicant shall sign a pledge to comply with the standards of professional appraisal practice established for certified real estate appraisers under 37-54-403 and affirm that the applicant understands the types of misconduct for which disciplinary action may be initiated under 37-1-308.   (4) To be eligible for original certification as a real estate appraiser, an applicant shall:   (a) specify the class or classes of certification for which the applicant is applying and provide evidence satisfactory to the board that the applicant has the education required for the class or classes of certification for which application is made;   (b) pass an examination prescribed by the board; and   (c) have the type and amount of experience in real estate appraisal prescribed by the board.   (5) A certificate issued under 37-54-305 must bear the signatures or facsimile signatures of the members of the board and a certificate number assigned by the board.   (6) As a prerequisite to certification as a real estate appraiser, the board shall require the applicant to submit fingerprints for the purpose of fingerprint and background checks by the Montana department of justice and the federal bureau of investigation as provided in 37-1-307.   (7) If an applicant has a history of criminal convictions, then pursuant to 37-1-203, the applicant has the opportunity to demonstrate to the board that the applicant is sufficiently rehabilitated to warrant the public trust, and if the board determines the applicant is not, the license may be denied.   History: En. Sec. 18, Ch. 409, L. 1991; amd. Sec. 112, Ch. 429, L. 1995; amd. Sec. 10, Ch. 196, L. 2003; amd. Sec. 4, Ch. 303, L. 2015.
MT Code § 37-54-303 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 3. Certification|37-54-303. Classes of certification -- education and experience requirements

  37-54-303. Classes of certification -- education and experience requirements. (1) A real estate appraiser may be certified in one or both of the following classes:   (a) general real estate, which relates to the appraisal of all types of real property;   (b) residential real estate, which relates to the appraisal of expensive or complex 1 to 4 family homes.   (2) The board shall adopt rules pertaining to real estate appraisal education and experience that are at least as stringent as those required for compliance with Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.   History: En. Sec. 19, Ch. 409, L. 1991; amd. Sec. 3, Ch. 81, L. 1993.
MT Code § 37-54-304 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 3. Certification|37-54-304. Repealed

  37-54-304. Repealed. Sec. 28, Ch. 196, L. 2003.   History: En. Sec. 20, Ch. 409, L. 1991; amd. Sec. 4, Ch. 81, L. 1993; amd. Sec. 34, Ch. 481, L. 1997.
MT Code § 37-54-305 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 3. Certification|37-54-305. Issuance and display of certificate

  37-54-305. Issuance and display of certificate. (1) The board shall issue a certificate and a pocket card to a person who meets the requirements of 37-54-302 and 37-54-303.   (2) The certificate must include the dates of issuance and renewal of certification.   (3) A certified real estate appraiser shall conspicuously display the certificate in the appraiser's principal place of business.   (4) A certified real estate appraiser shall designate the class for which the appraiser is certified and place the certificate number on each appraisal report, contract, or other instrument that the appraiser uses in conducting real estate appraisal activities.   History: En. Sec. 21, Ch. 409, L. 1991; amd. Sec. 35, Ch. 481, L. 1997; amd. Sec. 11, Ch. 196, L. 2003.
MT Code § 37-54-306 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 3. Certification|37-54-306. through 37-54-309 reserved

  37-54-306 through 37-54-309 reserved.
MT Code § 37-54-310 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 3. Certification|37-54-310. Renewal of certificate

  37-54-310. Renewal of certificate. (1) A certificate issued under 37-54-305 expires on the date set by department rule.   (2) A certificate may be renewed upon payment of a renewal fee and by meeting all requirements for renewal.   (3) An applicant for renewal shall state the class of certification previously held and presently sought.   History: En. Sec. 24, Ch. 409, L. 1991; amd. Sec. 5, Ch. 81, L. 1993; amd. Sec. 113, Ch. 429, L. 1995.
MT Code § 37-54-311 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 3. Certification|37-54-311. Repealed

  37-54-311. Repealed. Sec. 127, Ch. 467, L. 2005.   History: En. Sec. 25, Ch. 409, L. 1991; amd. Sec. 6, Ch. 81, L. 1993; amd. Sec. 114, Ch. 429, L. 1995; amd. Sec. 36, Ch. 481, L. 1997; amd. Sec. 52, Ch. 271, L. 2003.
MT Code § 37-54-401 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 4. Regulation of Practice|37-54-401. Repealed

  37-54-401. Repealed. Sec. 128, Ch. 429, L. 1995.   History: En. Sec. 10, Ch. 409, L. 1991.
MT Code § 37-54-402 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 4. Regulation of Practice|37-54-402. Repealed

  37-54-402. Repealed. Sec. 128, Ch. 429, L. 1995.   History: En. Sec. 14, Ch. 409, L. 1991.
MT Code § 37-54-403 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 4. Regulation of Practice|37-54-403. Standards of professional appraisal practice

  37-54-403. Standards of professional appraisal practice. (1) A licensed or certified real estate appraiser shall comply with generally accepted standards of professional appraisal practice, evidenced by the uniform standards of professional appraisal practice promulgated by the appraisal standards board of the appraisal foundation. A licensed or certified real estate appraiser shall comply with these standards regardless of whether the appraisal is a federally related transaction or is capable of being performed by an unlicensed person under 37-54-201(3).   (2) If the appraisal standards board of the appraisal foundation modifies the standards or issues supplemental standards that it considers appropriate for all classes of real estate appraisers, the modification is automatically adopted as observable in this state unless the board determines that a public hearing is necessary to determine whether the modified or supplemented standards must be observed in this state. If following the hearing the board determines that the modified or supplemented standards are appropriate, the board shall adopt the standards by rule.   History: En. Sec. 13, Ch. 409, L. 1991; amd. Sec. 7, Ch. 81, L. 1993; amd. Sec. 22, Ch. 230, L. 1999.
MT Code § 37-54-404 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 4. Regulation of Practice|37-54-404. and 37-54-405 reserved

  37-54-404 and 37-54-405 reserved.
MT Code § 37-54-406 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 4. Regulation of Practice|37-54-406. Repealed

  37-54-406. Repealed. Sec. 128, Ch. 429, L. 1995.   History: En. Sec. 28, Ch. 409, L. 1991.
MT Code § 37-54-407 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 4. Regulation of Practice|37-54-407. through 37-54-410 reserved

  37-54-407 through 37-54-410 reserved.
MT Code § 37-54-411 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 4. Regulation of Practice|37-54-411. Classification of services

  37-54-411. Classification of services. (1) A client or employer may retain or employ a licensed or certified real estate appraiser to:   (a) act as a disinterested third party in rendering an unbiased analysis, opinion, conclusion, or estimate of value; or   (b) provide specialized appraisal services to facilitate the client's or employer's objectives.   (2) In either instance described in subsection (1), the appraisal and appraisal report must comply with the provisions of this chapter.   History: En. Sec. 16, Ch. 409, L. 1991.
MT Code § 37-54-412 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 4. Regulation of Practice|37-54-412. Collection of appraisal fees

  37-54-412. Collection of appraisal fees. A person who performs independent appraisal services as a licensed or certified real estate appraiser in this state may not bring an action in any court in this state to collect compensation for the performance of those services unless the person alleges and proves that the person held a valid license or certificate at all times during the performance of those services.   History: En. Sec. 12, Ch. 409, L. 1991; amd. Sec. 1418, Ch. 56, L. 2009.
MT Code § 37-54-413 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 4. Regulation of Practice|37-54-413. and 37-54-414 reserved

  37-54-413 and 37-54-414 reserved.
MT Code § 37-54-415 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 4. Regulation of Practice|37-54-415. Place of business

  37-54-415. Place of business. (1) A resident licensed or certified real estate appraiser shall maintain a principal place of business in this state. If the appraiser changes the principal place of business, the appraiser shall promptly notify the board in writing of the change. Upon receipt of notice of the change, the board shall issue a new license or certificate for the unexpired term, stating the principal place of business.   (2) A nonresident licensee is not required to maintain a place of business in this state if the licensee maintains a principal place of business in the licensee's domicile state.   History: En. Sec. 11, Ch. 409, L. 1991; amd. Sec. 1419, Ch. 56, L. 2009.
MT Code § 37-54-416 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 4. Regulation of Practice|37-54-416. Retention of records

  37-54-416. Retention of records. (1) A licensed or certified real estate appraiser shall retain for 5 years from the date of submission of an appraisal report to a client:   (a) an original or true copy of any written contract engaging the person's services as an appraiser;   (b) an appraisal report prepared or signed by the licensed or certified real estate appraiser; and   (c) all supporting data assembled and formulated by the licensed or certified real estate appraiser in preparing the appraisal report.   (2) If a licensed or certified real estate appraiser is notified within this 5-year period that the appraisal report is involved in litigation, the appraiser shall retain the appraisal report for 5 years from the final date of disposition of the litigation.   (3) The licensed or certified real estate appraiser shall make available to the board at reasonable times, for inspection and copying, any appraisal report the appraiser is required to maintain under the provisions of this section.   History: En. Sec. 15, Ch. 409, L. 1991; amd. Sec. 1420, Ch. 56, L. 2009.
MT Code § 37-54-417 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 4. Regulation of Practice|37-54-417. Repealed

  37-54-417. Repealed. Sec. 128, Ch. 429, L. 1995.   History: En. Sec. 23, Ch. 409, L. 1991.
MT Code § 37-54-502 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 5. Appraisal Management Companies|37-54-502. Registration exemptions

  37-54-502. Registration exemptions. (1) The provisions of this chapter do not apply to a person who exclusively employs appraisers on an employer-employee basis for the performance of an appraisal assignment.   (2) An appraisal management company that is a subsidiary owned and controlled by a financial institution that is regulated by a federal financial institution regulatory agency is not required to register with the board but shall comply with all provisions of this chapter, as long as the provisions of this chapter do not conflict with federal law related to the operation of an appraisal management company in this state.   History: En. Sec. 4, Ch. 270, L. 2011.
MT Code § 37-54-503 (2021)
2021 Montana Code Annotated|Title 37. Professions and Occupations|Chapter 54. Real Estate Appraisers|Part 5. Appraisal Management Companies|37-54-503. Owner requirements

  37-54-503. Owner requirements. (1) An appraisal management company applying for registration in this state may not be owned by:   (a) a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of a pending revocation in any state unless the license or certificate was subsequently granted or reinstated; or   (b) another entity that is owned by a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of a pending revocation in any state unless the license or certificate was subsequently granted or reinstated.   (2) Each person who owns an appraisal management company in this state:   (a) must be of good moral character, as determined by the board; and   (b) shall submit to a background examination as determined by the board.   (3) Each appraisal management company applying for registration in this state shall certify to the board that the appraisal management company has reviewed each person or entity that directly or indirectly owns the appraisal management company, in whole or in part, and that no person or entity that directly or indirectly owns the appraisal management company, in whole or in part, has had a license, a certificate, or registration to act as an appraiser or appraisal management company refused, denied, canceled, revoked, or surrendered in lieu of a pending revocation in any state.   History: En. Sec. 5, Ch. 270, L. 2011; amd. Sec. 6, Ch. 55, L. 2017.