Code of Massachusetts Regulations › 264 CMR - BOARD OF REGISTRATION OF REAL ESTATE APPRAISERS › Title 264 CMR 11.00 - Standards of Practice and Ethics › Section 11.01 - Standards of Practice and Ethics

Current through Register 1525, July 5, 2024
(1) All real estate appraisers and trainees
			 shall observe the standards of practice contained in the USPAP.
(2) Each Licensee shall disclose in writing
			 to the Board any finding, decision, or other type of determination of fault or
			 liability made against him or her made by a court, other state or federal
			 agencies, or, where applicable, by a licensing board of another jurisdiction,
			 within 15 days of receiving that finding, decision, or determination. This
			 requirement shall not require disclosure of civil traffic offenses or
			 dismissals of actions brought against the Licensee. The provision of such
			 disclosures shall be considered a condition of license renewal.
(3) It shall be the responsibility of all
			 Licensees to notify the Board of any changes of address within 15 days of
			 relocation. Licensees who fail to so notify the Board may be subject to
			 disciplinary action and are responsible for any failure to receive official
			 Board correspondence, including renewal applications.
(4) Every licensed or certified appraiser,
			 appraisal trainee, applicant for licensure or certification, or appraiser in
			 training is required to maintain and have available, for reference, a copy of
			 the USPAP.
(5) Every licensed or
			 certified appraiser, appraisal trainee, applicant for licensure or
			 certification, or appraiser in training is required to maintain and have
			 available for reference a current version of
			 264 CMR
			 2.00 through
			 12.00 and M.G.L. c. 112,
			 §§ 173 through 195.
(6) A
			 Licensee shall respond within ten days to a written communication from the
			 Board or its designee and shall make available to the Board any relevant
			 records with respect to an inquiry or complaint about the Licensee. The ten-day
			 period commences on the date the Board sends the communication to the
			 Licensee's last known address. This deadline may be extended by the Board or
			 its designee with good cause.
(7) A
			 Licensee shall not be subject to a disciplinary action for issues related to a
			 specific appraisal if, at the time the Licensee is first notified of a Board
			 action, the Licensee would no longer be required to possess their work file for
			 that specific appraisal in accordance with USPAP and
			 264 CMR 6.04:
Records Retention.
Notwithstanding
			 264 CMR 6.04,
			 264 CMR 11.00 shall not be
			 deemed to prohibit the Board from investigating any matter, nor shall it
			 prohibit the Board from taking action for matters that go beyond competency
			 such as fraud, misrepresentations, or USPAP Ethics violations.
(8) The Board may, after providing any
			 hearing rights in accordance with M.G.L. c. 30A and
			 801 CMR 1.00:
Standard
			 Adjudicatory Rules of Practice and Procedure,
take action against any
			 licensed or unlicensed individual whose act or omission subjects them to
			 disciplinary action pursuant to M.G.L. c . 112, § 189 and/or M.G.L. c.
			 112, §§ 61 through 65A.