reglab/statecodes huggingface dataset:
2023 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
2023 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
2023 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
2023 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
2023 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
2023 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
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS › Section 543D.11 - Certification by reciprocity.

543D.11 Certification by reciprocity.
1. 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.
2. The board may recognize on a temporary basis the certification or license of an appraiser issued by another state, including where the property to be appraised is part of a federally related transaction. An appraiser engaging in such temporary practice shall apply for and obtain a temporary practice permit from the board before performing any services in relation to an appraisal, is subject to the full regulatory jurisdiction of the board, and is governed by the laws and rules administered by the board.
89 Acts, ch 290, §11
CS89, §117B.11
C93, §543D.11
2021 Acts, ch 159, §5
2023 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
2023 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
2023 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
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS › Section 543D.15 - Use of term.

543D.15 Use of term.
1. a. The title “certified real estate appraiser”, “associate real estate appraiser”, or any other like title shall only be used to refer to individuals who hold the certificate or registration, as applicable, 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 or registration.
b. In connection with an appraisal assignment performed on real estate located in this state, the title “certified real estate appraiser”, “associate real estate appraiser”, or any other like title, including a title that suggests an individual is licensed or certified under the laws of this state or another state, shall only be used to refer to individuals who hold a certificate or registration under this chapter.
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
2021 Acts, ch 159, §6
Referred to in §543D.21
2023 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
2023 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
2023 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
2023 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
2023 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. Notwithstanding this subsection, in connection with the performance, or assistance in the performance, of an appraisal of real estate located in this state, the use of the title “associate real estate appraiser” or any other like title, including a title that suggests an individual is an associate real estate appraiser under the laws of this state or another state, shall only be used to refer to individuals who hold a registration under this chapter.
2007 Acts, ch 72, §6; 2021 Acts, ch 159, §7
Referred to in §543D.21, 543E.3
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS › Section 543D.23 - Superintendent supervision and authority.

543D.23 Superintendent supervision and authority.
1. The superintendent shall supervise the board and manage the board’s budget and retained fees. The superintendent may exercise all authority conferred upon the board under this chapter and shall have access to all records and information to which the board has access. In supervising the board, the superintendent shall independently evaluate the substantive merits of actions recommended or proposed by the board which may be anticompetitive and shall have the authority to review, approve, modify, or reject all board actions including but not limited to those taken in connection with any of the following:
a. Initial or reciprocal certification of real estate appraisers, registration of associate real estate appraisers, and temporary practice permits.
b. Disciplinary investigations and proceedings.
c. Investigations and proceedings under section 543D.21.
d. Rulemaking under chapter 17A, including orders on petitions for rulemaking.
e. Orders on petitions for declaratory orders or waivers.
2. A person aggrieved by any final action of the board taken under this chapter shall not have exhausted administrative remedies until the person has appealed the action to the superintendent and the superintendent has issued a final decision or order.
3. The superintendent shall adopt rules to implement this section.
2016 Acts, ch 1124, §28, 32; 2021 Acts, ch 80, §344
Referred to in §543D.5
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.2 - Purpose and scope.

543E.2 Purpose and scope.
The purpose of this chapter is to protect the independence and integrity of the appraisal process when an appraisal is provided through an appraisal management company in connection with a consumer credit transaction secured by the principal dwelling of an Iowa consumer or securitization of such a transaction.
2016 Acts, ch 1124, §2, 32
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.4 - Registration required.

543E.4 Registration required.
A person shall not directly or indirectly engage in or attempt to engage in business as an appraisal management company or advertise or hold itself out as engaging in or conducting business as an appraisal management company in this state without first registering with the administrator.
2016 Acts, ch 1124, §4, 32
Referred to in §543E.18
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.5 - Exemptions.

543E.5 Exemptions.
This chapter shall not apply to any of the following:
1. A person that exclusively employs appraisers on an employer and employee basis for the performance of appraisals.
2. A government body, as defined in section 22.1, subsection 1, that performs appraisals or retains appraisers on behalf of the government body.
3. A federally regulated appraisal management company.
4. A department or division of an entity that provides appraisal management services only to that entity.
2016 Acts, ch 1124, §5, 32
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.6 - Ownership — restrictions and requirements.

543E.6 Ownership — restrictions and requirements.
1. An appraisal management company registered or applying for registration in this state shall not be directly or indirectly owned in whole or in part by a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in any state for a substantive reason. An appraisal management company may be directly or indirectly owned in whole or in part by a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in a state for a nonsubstantive reason if the license or certificate was subsequently granted or reinstated.
2. A person who directly or indirectly owns more than ten percent of an appraisal management company in this state shall be of good moral character, as prescribed by rules adopted by the administrator consistent with applicable federal law and regulations, and shall submit to a background investigation, as prescribed by rules adopted by the administrator consistent with applicable federal law and regulations.
2016 Acts, ch 1124, §6, 32
Referred to in §543E.8, 543E.20
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.7 - Designation of controlling person.

543E.7 Designation of controlling person.
1. An appraisal management company registered or applying for registration in this state shall designate a controlling person who shall be the main contact for all communications between the administrator and the appraisal management company, and who shall be responsible for assuring the appraisal management company complies with the provisions of this chapter when performing appraisal management services in connection with real estate located in this state.
2. The designated controlling person shall not have had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in any state for a substantive reason. A designated controlling person may have had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in a state for a nonsubstantive reason if the license or certificate was subsequently granted or reinstated.
3. The designated controlling person shall be of good moral character, as prescribed by rules adopted by the administrator consistent with applicable federal law and regulations, and shall submit to a background investigation, as prescribed by rules adopted by the administrator consistent with applicable federal law and regulations.
2016 Acts, ch 1124, §7, 32
Referred to in §543E.8, 543E.20
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.8 - Registration — application requirements.

543E.8 Registration — application requirements.
1. An application for registration as an appraisal management company shall be submitted on a form prescribed by the administrator.
2. An application shall at a minimum include the following:
a. The name, form of business entity, contact information, and official domicile of the applicant.
b. The names and contact information for all persons who directly or indirectly own more than ten percent of the applicant and for the controlling person designated pursuant to section 543E.7, and such additional information the administrator may need to enforce section 543E.6, subsection 1.
c. Information as reasonably necessary to establish the size of the applicant’s nationwide and Iowa appraiser panels, in accordance with rules adopted by the administrator.
d. Certification that the applicant does all of the following:
(1) Verifies that appraisers who will perform appraisal assignments concerning real estate located in this state hold a valid, unexpired certificate in good standing as a real estate appraiser issued under chapter 543D.
(2) Requires that appraisals provided or coordinated by the applicant comply with the uniform standards of professional appraisal practice and has a system in place to monitor such compliance.
(3) Maintains a system to assure that appraisal management services are performed independently and free from inappropriate influence and coercion pursuant to the appraisal independence standards established under section 129E of the federal Truth in Lending Act, including the requirements for the payment of reasonable and customary fees, and pursuant to section 543D.18, subsections 1 and 2, and section 543D.18A.
(4) Maintains a system to retain detailed records of all appraisal management services to be performed in this state.
(5) Maintains a system to assure that the appraiser selected for an appraisal assignment is independent of the transaction and has the requisite education, expertise, and experience necessary to competently complete the appraisal assignment for the particular market and property type.
e. If the applicant is not domiciled in this state, the name and contact information for the applicant’s agent for service of process in this state and consent to service of process upon the secretary of state in any action or proceeding against the applicant arising out of a transaction or operation connected with or incidental to services performed by the applicant as a registered appraisal management company in this state or involving real property located in this state.
f. Any additional information that is reasonably needed for the administrator to implement the provisions of this chapter and assure that the applicant is eligible for registration under this chapter.
2016 Acts, ch 1124, §8, 32
Referred to in §543E.9
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.9 - Registration renewal.

543E.9 Registration renewal.
1. A registration issued under this chapter shall be valid for one year as provided by rule.
2. An application to renew registration shall be submitted in the form and in the manner prescribed by the administrator. The administrator may further require periodic disclosures of changes impacting registration, such as a change in ownership or the designated controlling person.
3. An application to renew registration shall contain the information described in section 543E.8, subsection 2.
4. A registration issued under this chapter shall lapse if not timely renewed, in accordance with rules adopted by the administrator.
5. A person holding a lapsed registration shall not directly or indirectly engage in or attempt to engage in business as an appraisal management company or advertise or hold itself out as engaging in or conducting business as an appraisal management company in this state until the registration has been reinstated under the process prescribed by the administrator by rule.
2016 Acts, ch 1124, §9, 32
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.10 - Fees.

543E.10 Fees.
1. The administrator shall by rule establish fees for registration, renewal, reinstatement, and such additional fees as are reasonably necessary for the administration of this chapter. The fees shall be established in consideration of the costs of administering this chapter and the actual cost of the specific service to be provided or performed. The administrator shall periodically review and adjust the schedule of fees as needed to cover projected expenses.
2. Except as provided in subsection 3, all fees collected under this chapter shall be deposited into the department of commerce revolving fund created in section 546.12 and are appropriated to the administrator 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 appropriated pursuant to this subsection are not subject to reversion to the general fund of the state.
3. The administrator shall also collect the appraisal management company national registry fee from each appraisal management company seeking to register in this state and from federally regulated appraisal management companies operating in this state. The administrator shall transfer all appraisal management company national registry fees collected by the administrator to the appraisal subcommittee.
2016 Acts, ch 1124, §10, 32
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.11 - Appraiser, appraisal review, and employee restrictions.

543E.11 Appraiser, appraisal review, and employee restrictions.
1. The following individuals shall not have had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in any state for a substantive reason, but may have had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in a state for a nonsubstantive reason if the license or certificate was subsequently granted or reinstated:
a. An appraiser in an appraisal management company’s appraiser panel who performs or may perform appraisals of real estate located in this state.
b. An employee, independent contractor, or other agent of an appraisal management company who performs an appraisal review of an appraisal of real estate located in this state.
c. An employee, independent contractor, or other agent of an appraisal management company who, with respect to real estate located in this state, has any responsibility for assigning appraisers to specific appraisal assignments, providing quality control for appraisal reports, or communicating with appraisers regarding potential appraisal report deficiencies.
2. An appraiser who on behalf of an appraisal management company performs an appraisal review of an appraisal of a dwelling located in this state shall comply with the review provisions of the uniform standards of professional appraisal practice, and shall be certified as an appraiser under the laws of any state, except that a review appraiser shall be certified under chapter 543D if such certification is required by any applicable state or federal law, rule, or regulation, or to the extent the review appraiser provides the review appraiser’s own opinion of value, concurs with the original appraiser’s opinion of value, or disagrees with the original appraiser’s opinion of value.
3. An appraisal management company may rely on the national registry of appraisers of the appraisal subcommittee for purposes of verifying compliance with this section.
2016 Acts, ch 1124, §11, 32
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.12 - Adherence to standards — mandatory reporting.

543E.12 Adherence to standards — mandatory reporting.
1. An appraisal management company shall direct all appraisers it requests to perform appraisal assignments involving real estate located in this state to comply with the uniform standards of professional appraisal practice, including the competency rule.
2. An appraisal management company shall have an appraisal review system in place to monitor compliance with subsection 1.
3. An appraisal management company that has a reasonable basis to believe an appraiser has materially failed to comply with the uniform standards of professional appraisal practice or has otherwise materially violated chapter 543D or this chapter shall refer the matter to the administrator in conformance with applicable federal law and regulations. An appraisal management company that has a reasonable basis to believe another appraisal management company is failing to comply with the provisions of this chapter shall refer the matter to the administrator in conformance with section 272C.9, subsection 2.
4. An appraiser who is employed by or is on the appraiser panel of an appraisal management company registered under this chapter who has a reasonable basis to believe the appraisal management company is in violation of this chapter shall refer the matter to the administrator.
2016 Acts, ch 1124, §12, 32
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.13 - Recordkeeping — payment.

543E.13 Recordkeeping — payment.
1. An appraisal management company shall maintain a detailed record of each service request the appraisal management company receives involving real estate located in this state and the identity of the appraiser who performs the appraisal assignment. All such records shall be maintained for at least five years after the request is sent by the appraisal management company to the appraiser or the completion of the appraisal report, whichever period expires later. An appraisal management company shall maintain such additional records regarding appraisal management services performed in this state as the administrator may specify by rule.
2. An appraisal management company shall, except in the case of breach of contract or substandard performance of an appraisal service, make payment to an appraiser for the completion of an appraisal service within forty-five days of the date on which the appraiser transmits or otherwise provides the results of the completed appraisal service to the appraisal management company. An appraisal management company shall maintain detailed records to verify that all payments to appraisers have been made in compliance with this section. All such records shall be maintained for at least five years after payment is made or the completion of the appraisal service, whichever is later.
2016 Acts, ch 1124, §13, 32
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.14 - Appraiser independence — compensation.

543E.14 Appraiser independence — compensation.
1. An appraisal management company registered under this chapter shall take all reasonable steps to assure that appraisals are conducted independently and free from inappropriate influence or coercion pursuant to the appraisal independence standards established under section 129E of the federal Truth in Lending Act, including the requirements for the payment of reasonable and customary fees, and in compliance with the independence, objectivity, and impartiality provisions of section 543D.18, subsections 1 and 2, and section 543D.18A.
2. An appraisal management company shall compensate appraisers at a rate that is reasonable and customary for appraisal services being performed in the market area of the property being appraised in accordance with federal law.
2016 Acts, ch 1124, §14, 32
Referred to in §543E.15
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.16 - Display of registration number.

543E.16 Display of registration number.
An appraisal management company registered under this chapter shall be issued a unique registration number and shall include its registration number in any record, such as an engagement letter, order, or agreement, in which the appraisal management company contracts with an appraiser to perform an appraisal assignment involving real estate located in this state.
2016 Acts, ch 1124, §16, 32
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.17 - Grounds for disciplinary action.

543E.17 Grounds for disciplinary action.
1. After notice and hearing, the administrator may revoke, suspend, or refuse to issue, renew, or reinstate a registration; reprimand, censure, or limit the scope of practice of any registrant; impose a civil penalty not to exceed ten thousand dollars per violation; require remedial action; or place any registrant on probation; all with or without terms, conditions, or in combinations of remedies, for any one or more of the following reasons:
a. Fraud or deceit in obtaining registration, which may also result in permanent revocation of the registration.
b. Dishonesty, fraud, or gross negligence in the provision of appraisal management services.
c. A violation of this chapter or implementing rules by the appraisal management company or by an employee, owner, director, controlling person, or other agent of the appraisal management company.
d. Conviction of a felony or other indictable offense, any element of which is dishonesty, deception, or fraud, or is otherwise related to the performance of appraisal management services, under the laws of any state or the United States.
e. Cancellation, revocation, suspension, or refusal to renew the authority to practice as an appraisal management company, or the acceptance of the voluntary surrender of a registration to practice as an appraisal management company to conclude a disciplinary investigation or action, by any other state, a federal agency, or foreign authority for any cause other than failure to pay appropriate fees in the other jurisdiction.
f. A violation of section 272C.10.
2. When determining whether to initiate a disciplinary proceeding against an appraisal management company based on actions or omissions by an employee, owner, director, controlling person, or other agent of the appraisal management company, the administrator shall take into consideration all of the following:
a. Whether the appraisal management company took reasonable steps to prevent the violation.
b. Whether the violation was or could have been discovered by the appraisal management company upon reasonable inquiry.
c. What steps the appraisal management company took upon discovering the violation.
d. Whether the violation could have been avoided had the appraisal management company established the systems or other procedures required under this chapter.
e. Whether the violation is an isolated matter or more systemic to the appraisal management company’s performance.
2016 Acts, ch 1124, §17, 32
2023 Iowa Code › Title XIII - COMMERCE › Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES › Section 543E.19 - Surety bond.

543E.19 Surety bond.
1. The administrator shall require that an appraisal management company be covered by a surety bond in the amount of twenty-five thousand dollars.
2. The surety bond shall be in a form as prescribed by the administrator. The administrator may, pursuant to rule, determine requirements for such surety bonds as are necessary to accomplish the purposes of this chapter. The requirements for a surety bond shall only relate to liabilities, damages, losses, or claims arising out of the appraisal management services performed by the appraisal management company involving real estate located in this state. The bond shall provide that a person having a claim against an appraisal management company may bring suit directly on the bond or the administrator may bring suit on behalf of such person.
2016 Acts, ch 1124, §19, 32
2023 Iowa Code › Title XIII - COMMERCE › Chapter 544A - LICENSED ARCHITECTS › Section 544A.1 - Practice regulated — creation of architectural examining board.

544A.1 Practice regulated — creation of architectural examining board.
1. The practice of architecture affects the public health, safety, and welfare and is subject to regulation and control in the public interest. Only persons qualified by the laws of the state are authorized to engage in the practice of architecture in the state.
2. The architectural examining board is created within the professional licensing and regulation bureau of the banking division of the department of commerce. The board consists of five members who possess a license issued under section 544A.9 and who have been in active practice of architecture for not less than five years, the last two of which shall have been in Iowa, and two members who do not possess a license issued under section 544A.9 and who shall represent the general public. Members shall be appointed by the governor subject to confirmation by the senate.
3. Professional associations or societies composed of licensed architects may recommend the names of potential board members to the governor but the governor is not bound by the recommendations. A board member is not required to be a member of any professional association or society composed of licensed architects. Appointments shall be for three-year terms and shall commence and end as provided in section 69.19. Vacancies shall be filled for the unexpired term by appointment of the governor and shall require senate confirmation. Members shall serve no more than three terms or nine years, whichever is less.
[C27, 31, 35, §1905-b1; C39, §1905.58; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §118.1]
86 Acts, ch 1245, §725; 87 Acts, ch 92, §1
C93, §544A.1
2006 Acts, ch 1177, §41; 2017 Acts, ch 131, §7
Referred to in §544A.16
Confirmation, see §2.32
2023 Iowa Code › Title XIII - COMMERCE › Chapter 544A - LICENSED ARCHITECTS › Section 544A.2 - Officers.

544A.2 Officers.
At a time to be determined by the board, the board shall elect from its members officers to serve for a term not to exceed one year. The division shall provide staff assistance.
[C27, 31, 35, §1905-b2; C39, §1905.59; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §118.2]
87 Acts, ch 92, §2; 90 Acts, ch 1168, §22
C93, §544A.2
93 Acts, ch 5, §1