reglab/housing_qa huggingface dataset:
IA Code § 543D.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.5 - Powers of the board.

543D.5 Powers of the board.   1. The board shall adopt rules establishing uniform appraisal standards and appraiser certification requirements and other rules necessary to administer and enforce this chapter and its responsibilities under chapter 272C, subject to the superintendent’s supervision and authority under section 543D.23. The board shall consider and may incorporate any standards required or recommended by the appraisal foundation or by a federal agency with regulatory authority over appraisal standards or the certification of appraisers for federally related transactions.   2. The uniform appraisal standards shall meet all of the following requirements:   a. Require compliance with federal law and appraisal standards adopted by federal authorities as they apply to federally related transactions. This paragraph does not require that an appraiser invoke a jurisdictional exception to the uniform standards of professional appraisal practice in order to comply with federal law and appraisal standards adopted by federal authorities as they apply to federally related transactions, unless federal law requires that the exception be invoked.   b. Develop standards for the scope of practice for certified real estate appraisers.   c. Required compliance with the uniform standards of professional appraisal practice in all appraisal assignments.   3. Appraiser certification requirements shall require a demonstration that the applicant has a working knowledge of current appraisal theories, practices, and techniques which will provide a high degree of service and protection to members of the public dealt with in a professional relationship under authority of the certification. The board shall establish the examination specifications for each category of certified real estate appraiser, provide or procure appropriate examinations, establish procedures for grading examinations, receive and approve or disapprove applications for certification, and issue certificates.   4. The board shall maintain a registry of the names and certificate numbers of appraisers certified under this chapter and the names and registration numbers of associate appraisers registered under this chapter.   5. Notwithstanding any provision to the contrary, the provisions in section 546.10, subsections 6 through 12, shall apply to the board and to activities governed under this chapter.  89 Acts, ch 290, §5  CS89, §117B.5  C93, §543D.5  99 Acts, ch 171, §40, 42; 2013 Acts, ch 5, §25; 2016 Acts, ch 1124, §24, 25, 32
IA Code § 543D.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.6 - Fees.

543D.6 Fees.   1. The board shall establish and collect fees for certification, examination, reexamination, renewal of certification, and delinquency at an amount necessary to pay the administrative costs of sustaining the board and implementing this chapter. The fees shall include, but are not limited to, amounts to cover the costs for the following items:   a. Per diem, expenses, and travel expenses for board members, peer review committee persons, or disciplinary panel members.   b. Salary, per diem, and expenses of staff.   c. Office facilities, supplies, and equipment.   2. All fees collected by the board shall be deposited into the department of commerce revolving fund created in section 546.12 and are appropriated to the superintendent on behalf of the board to be used to administer this chapter, including but not limited to purposes such as examinations, investigations, and administrative staffing. Notwithstanding section 8.33, moneys retained by the superintendent pursuant to this section are not subject to reversion to the general fund of the state. However, the appraisal management company national registry fees the board collects on behalf of the appraisal subcommittee as defined in section 543E.3 shall be transmitted to the appraisal subcommittee in accordance with federal laws and regulations.  89 Acts, ch 290, §6; 90 Acts, ch 1168, §21; 90 Acts, ch 1261, §39  CS89, §117B.6  C93, §543D.6  94 Acts, ch 1107, §90; 2016 Acts, ch 1124, §26, 32
IA Code § 543D.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.7 - Certification process.

543D.7 Certification process.   Applications for original certification, renewal certification, and examinations shall be made in writing to the board on forms approved by the board.  89 Acts, ch 290, §7  CS89, §117B.7  C93, §543D.7  2003 Acts, ch 43, §1
IA Code § 543D.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.8 - Examination requirement.

543D.8 Examination requirement.   An original certification as a certified real estate appraiser shall not be issued to a person who has not demonstrated through an examination that the person possesses the following knowledge and understanding:   1. Appropriate knowledge of technical terms commonly used in or related to real estate appraising, appraisal report writing, and economic concepts applicable to real estate.   2. Understanding of the principles of land economics, real estate appraisal processes, and problems likely to be encountered in gathering, interpreting, and processing data in carrying out appraisal assignments.   3. Knowledge of theories of depreciation, cost estimating, methods of capitalization, and the mathematics of real estate appraisal that are appropriate for each classification of certificate applied for.   4. Knowledge of other appropriate principles and procedures for the classifications applied for.   5. Basic understanding of Iowa real estate, property tax, and eminent domain laws.   6. Understanding of the types of misconduct for which disciplinary proceedings may be initiated against a certified real estate appraiser.  89 Acts, ch 290, §8  CS89, §117B.8  C93, §543D.8  2013 Acts, ch 5, §26
IA Code § 543D.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.9 - Education and experience requirement.

543D.9 Education and experience requirement.   The board shall determine what real estate appraisal or real estate appraisal review experience and what education shall be required to provide appropriate assurance that an applicant for certification is competent to perform the certified appraisal work which is within the scope of practice defined by the board. All experience required for initial certification shall be performed as a registered associate real estate appraiser acting under the direct supervision of a certified real estate appraiser who meets the supervisory requirements established by applicable federal authorities or federal law, rule, or policy in effect at the time the hours of experience are claimed, except as the board may provide by rule. Subject to requirements or limitations established by applicable federal authorities or federal law, rule, or policy, hours qualifying for experience in a bordering state will be considered qualifying hours for experience in this state without requiring a waiver or authorization from the board in accordance with rules and standards adopted by the board, as long as a majority of qualifying hours are completed in this state. Qualifying hours completed in a bordering state shall be under the direct supervision of a certified real estate appraiser with active certification in that bordering state. The board shall prescribe a required minimum number of tested hours of education relating to the provisions of this chapter, the uniform appraisal standards, and other rules issued in accordance with this chapter.  89 Acts, ch 290, §9  CS89, §117B.9  C93, §543D.9  2007 Acts, ch 72, §2; 2020 Acts, ch 1103, §42, 51  Section amended
IA Code § 543D.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.10 - Nonresident certification.

543D.10 Nonresident certification.   1. An applicant for certification as a real estate appraiser who is not a resident of Iowa shall submit, with the application for certification, an irrevocable consent that service of process upon the applicant 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 certified real estate appraiser, the plaintiff cannot, in the exercise of due diligence, effect personal service upon the applicant.   2. A nonresident of Iowa who has complied with subsection 1 may obtain a certificate as a certified real estate appraiser by complying with the certification requirements in this chapter.  89 Acts, ch 290, §10  CS89, §117B.10  C93, §543D.10
IA Code § 543D.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.11 - Certification by reciprocity.

543D.11 Certification by reciprocity.   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 the other state may obtain a certificate as a certified real estate appraiser upon terms and conditions as determined by the board.  89 Acts, ch 290, §11  CS89, §117B.11  C93, §543D.11
IA Code § 543D.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.12 - Basis for denial.

543D.12 Basis for denial.   The board may deny the issuance of a certificate as a certified real estate appraiser to an applicant on any of the grounds listed in this chapter or in chapter 272C.  89 Acts, ch 290, §12  CS89, §117B.12  C93, §543D.12
IA Code § 543D.13 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.13 - Principal place of business.

543D.13 Principal place of business.   1. Each certified real estate appraiser shall advise the board of the address of the appraiser’s principal place of business and all other addresses at which the appraiser is currently engaged in the business of preparing real estate appraisal reports.   2. When a certified real estate appraiser changes the appraiser’s principal place of business, the appraiser shall immediately give written notification of the change to the board and apply for an amended certificate.   3. Each certified real estate appraiser shall notify the board of the appraiser’s current residence address. Residence addresses on file with the board are exempt from disclosure as public records.  89 Acts, ch 290, §13  CS89, §117B.13  C93, §543D.13
IA Code § 543D.14 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.14 - Certificate.

543D.14 Certificate.   A certificate issued under this chapter shall bear the signature or facsimile signature of the member or members of the board as designated by the board and a certificate number assigned by the board.  89 Acts, ch 290, §14  CS89, §117B.14  C93, §543D.14  2001 Acts, ch 49, §2
IA Code § 543D.15 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.15 - Use of term.

543D.15 Use of term.   1. The term “certified real estate appraiser” shall only be used to refer to individuals who hold the certificate and shall not be used in connection with or as part of the name or signature of a firm, partnership, corporation, or group, or in a manner that it may be interpreted as referring to a firm, partnership, corporation, group, other business entity, or anyone other than an individual holder of the certificate.   2. The term “associate real estate appraiser” shall only be used to refer to individuals who do not yet fully meet the requirements for certification but who provide significant input into the appraisal development under the direction of a certified appraiser.   3. A certificate shall not be issued under this chapter to a firm, corporation, partnership, group, or other business entity.  89 Acts, ch 290, §15  CS89, §117B.15  C93, §543D.15  Referred to in §543D.21
IA Code § 543D.16 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.16 - Continuing education.

543D.16 Continuing education.   1. As a prerequisite to renewal of a certification, a certified real estate appraiser shall present evidence satisfactory to the board of having met continuing education requirements.   2. The basic continuing education requirement for renewal of certification shall be the completion, before June 30 of the year in which the appraiser’s certificate expires, of the number of hours of instruction required by the board in courses or seminars which have received the preapproval of the board.   3. The provisions of section 272C.2, subsection 4, shall only apply to a certified real estate appraiser or an associate real estate appraiser to the extent consistent with the policies adopted by the appraisal qualifications board of the appraisal foundation.  89 Acts, ch 290, §16  CS89, §117B.16  C93, §543D.16  97 Acts, ch 80, §1; 2008 Acts, ch 1059, §5; 2013 Acts, ch 5, §27
IA Code § 543D.17 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.17 - Disciplinary proceedings.

543D.17 Disciplinary proceedings.   1. The rights of a holder of a certificate as a certified real estate appraiser may be revoked or suspended, or the holder may be otherwise disciplined in accordance with this chapter. The board may investigate the actions of a certified real estate appraiser and may revoke or suspend the rights of a holder or otherwise discipline a holder for violation of a provision of this chapter, or chapter 272C, or of a rule adopted under this chapter or commission of any of the following acts or omissions:   a. Procurement or attempt to procure a certificate under this chapter by knowingly making a false statement, submitting false information, refusing to provide complete information in response to a question in an application for certification, or participating in any form of fraud or misrepresentation.   b. Failure to meet the minimum qualifications established by this chapter.   c. A conviction, including a conviction based upon a plea of guilty or nolo contendere, of a crime which is substantially related to the qualifications, functions, and duties of a person developing real estate appraisals and communicating real estate appraisals to others.   d. Violation of any of the standards for the development or communication of real estate appraisals as provided in this chapter.   e. Failure or refusal without good cause to exercise reasonable diligence in developing an appraisal, preparing an appraisal report, or communicating an appraisal.   f. Negligence or incompetence in developing an appraisal, in preparing an appraisal report, or in communicating an appraisal.   g. Willful disregard or violation of a provision of this chapter or a rule of the board of the administration and enforcement of this chapter.   2. In a disciplinary proceeding based upon a civil judgment a certified real estate appraiser shall be given an opportunity to present matters in mitigation and extenuation, but not to collaterally attack the civil judgment.   3. Notwithstanding the limitations of section 272C.3, subsection 2, paragraph “e”, the board shall adopt a rule providing for civil penalties in amounts and for the reasons authorized by federal law where federal law requires the board to have the authority to impose the civil penalties in order to obtain or to retain the board’s designation as a qualified state appraiser certifying agency.  89 Acts, ch 290, §17  CS89, §117B.17  C93, §543D.17  Referred to in §543D.20, 543E.3
IA Code § 543D.18A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.18A - Penalties for improper influence of an appraisal assignment.

543D.18A Penalties for improper influence of an appraisal assignment.   1. A mortgage lender, mortgage broker or originator, real estate broker or salesperson, client, party, appraiser, or any other person with an interest in a real estate transaction or the financing of any loan secured by real estate involving an appraisal assignment shall not improperly influence or attempt to improperly influence the development, reporting, result, or review of a real estate appraisal through coercion, extortion, or bribery, or by the withholding or threatened withholding of payment for an appraisal fee, or the conditioning of the payment of an appraisal fee upon the opinion, conclusion, or valuation to be reached, or a request that the appraiser report a predetermined opinion, conclusion, or valuation, or the desired valuation of any person, or by any other act or practice that impairs or attempts to impair an appraiser’s independence, objectivity, and impartiality, as required by section 543D.18, subsections 1 and 2.   2. A violation of this section is an unlawful practice under section 714.16, subsection 2, paragraph “a”.   3. A violation of this section is a ground for discipline against any person holding a certificate of registration under this chapter or another license issued under the laws of the state of Iowa, as license is defined in section 17A.2, subsection 6, if the practice of the profession, occupation, or business regulated by the license relates to real estate transactions or the financing of loans secured by real estate.   4. A person does not violate this section solely by asking an appraiser to consider additional, appropriate property information, or to provide further detail, substantiation, or explanation for the appraiser’s value conclusion, or to correct errors in the appraisal report, or by withholding payment of an appraisal fee based on a bona fide dispute regarding the appraiser’s compliance with the appraisal standards adopted by the board under this chapter. A person does not violate this section solely by retaining appraisers from panels or lists on a rotating basis, or by supplying an appraiser with information the appraiser is required to analyze under the appraisal standards adopted by the board under this chapter, such as agreements of sale, options, or listings of the property to be valued.  2007 Acts, ch 72, §5  Referred to in §543D.21, 543E.8, 543E.14, 543E.15, 543E.18
IA Code § 543D.19 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.19 - Retention of records.

543D.19 Retention of records.   1. A certified real estate appraiser shall retain for five years, originals or true copies of all written contracts engaging the appraiser’s services for real estate appraisal work and all reports and supporting data assembled and formulated for use by the appraiser or the associate appraiser in preparing the reports.   2. An appraiser must retain all work files for a period of at least five years after preparation or at least two years after final disposition of any judicial proceeding in which testimony was given, whichever period expires last, and either maintain custody of the appraiser’s work file or make appropriate work file retention, access, and retrieval arrangements with a party having custody of the work file.   3. All records required to be maintained under this chapter shall be made available by a certified real estate appraiser for inspection and copying by the board on reasonable notice to the appraiser.  89 Acts, ch 290, §19  CS89, §117B.19  C93, §543D.19  2003 Acts, ch 43, §2, 3
IA Code § 543D.20 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.20 - Registration of associate real estate appraisers.

543D.20 Registration of associate real estate appraisers.   1. A person shall not assist a certified real estate appraiser in the development or reporting of an appraisal assignment that is required by this chapter, or by federal or state law, rule, or policy to be performed by a certified real estate appraiser, unless the person meets one or more of the following conditions:   a. The person is certified under this chapter.   b. The person is registered as an associate real estate appraiser and is acting under the direct supervision of a certified real estate appraiser.   c. The person is solely providing administrative services, such as taking photographs, preparing charts, or typing reports, and is not providing real estate appraisal assistance in developing the analysis, valuation, opinions, or conclusions associated with the appraisal assignment.   d. The person is providing professional consultation that does not constitute real property appraisal assistance, such as the assistance of a professional engineer or certified public accountant.   2. The board shall establish by rule the terms and conditions of the registration of associate real estate appraisers, including the educational and other prerequisites to registration, the fees for registration and the renewal of registration, and the continuing education requirements for renewal of registration. The board shall consider and may incorporate any guidelines recommended by the appraisal qualifications board of the appraisal foundation relating to associate real estate appraisers.   3. The board shall adopt rules governing the manner in which certified real estate appraisers shall directly supervise associate real estate appraisers, the standards of conduct for associate real estate appraisers, and the grounds for imposing discipline against an associate real estate appraiser which shall include all of the grounds provided in section 543D.17.   4. Associate real estate appraisers shall be bound by the uniform appraisal standards adopted by the board under this chapter.   5. Persons who appraise real estate where certification is not required by this chapter or by federal or state law, rule, or policy, and who are not assisting a certified real estate appraiser in the development or reporting of an appraisal assignment that is required by this chapter, or by federal or state law, rule, or policy to be performed by a certified real estate appraiser, are not required to register with the board.  2007 Acts, ch 72, §6  Referred to in §543D.21, 543E.3