Oklahoma Administrative Code › Title 600 - Real Estate Appraiser Board › Chapter 15 - Disciplinary Procedures › Section 600:15-1-2 - Definitions

Current through Vol. 41, No. 20, July 1, 2024
The following words or terms, when used in this Chapter, shall have the following meaning, unless the context clearly indicates otherwise:
"Act"
means the Oklahoma Certified Real Estate Appraisers Act, cited as 59 Oklahoma Statutes, Sections 858-700 et seq.
"Administrator"
means the Commissioner of the State Insurance Department.
"Board"
means the Oklahoma Real Estate Appraiser Board.
"Certified Real Estate Appraiser"
means those persons meeting the requirements for certification as set forth in the Oklahoma Certified Real Estate Appraisers Act.
"Clear and convincing evidence"
means that considering all the evidence in the case, the proposition in question is highly probable and free from serious doubt.
"Department"
means the State Insurance Department.
"Director"
means the person designated by the Administrator as Director of the Real Estate Appraiser Division of the Oklahoma Insurance Department.
"Geographic area"
means the county of an individual appraiser as determined by the mailing address most recently reported to the Board.
"Hearing Panel"
means the three member panel selected by the Board to conduct a disciplinary hearing. Hearing Panel is selected from the Standards and Disciplinary Procedures Committee.
"Licensed Real Estate Appraiser"
means those persons meeting the requirements for licensure as set forth in the Oklahoma Certified Real Estate Appraisers Act.
"Person"
means an individual, company, association, organization, society, partnership, trust, corporation or estate.
"Probable Cause Committee"
will be Board selected and will be comprised of four (4) members: a current member of the Board, and three (3) members selected by the Board from past members of the Board and the members of the Standards and Disciplinary Procedures Committee. Provided, at all times, at least two (2) members of the Committee shall be certified appraisers, of the two (2) certified appraisers, at least one (1) shall be a certified general appraiser. Provided further, that members shall be selected from four (4) different geographic areas.
"Respondent"
means a Trainee, State Licensed, Certified Residential, or Certified General Real Estate Appraiser against whom a complaint has been received and not been finally resolved.
"Trainee Appraiser"
means those persons meeting the requirements for licensure as a Trainee Appraiser as set forth in the Oklahoma Certified Real Estate Appraisers Act.
"Uniform standards"
means the Uniform Standards of Professional Appraisal Practice, as authorized by the Appraisal Subcommittee pursuant to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, which are the standards rules that meet the minimum requirements adopted by the Appraisal Foundation, and which are incorporated by reference.
Added at 8 Ok Reg 135, eff 10-17-91 (emergency); Added at 9 Ok Reg 1653, eff 5-15-92; Amended at 10 Ok Reg 1545, eff 5-1-93; Amended at 14 Ok Reg 3030, eff 7-14-97; Amended at 19 Ok Reg 1493, eff 7-14-02; Amended at 20 Ok Reg 557, eff 10-22-02 (emergency); Amended at 20 Ok Reg 2559, eff 7-14-03; Amended at 22 Ok Reg 1505, eff 7-14-05; Amended at 25 Ok Reg 91, eff 11-1-07 (emergency); Amended at 25 Ok Reg 1433, eff 7-11-08