reglab/statecodes huggingface dataset:
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Part III - Renewal of License/Registration/Certification › Section 18VAC130-20-130 - Fees for renewal and reinstatement

Current through Register Vol. 40, No. 24, July 15, 2024
A. All fees are
				  nonrefundable.
B. National Registry
				  fee assessment. In accordance with the requirements of § 1109 of the
				  Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (the Act),
				  $80 of the biennial renewal or reinstatement fee assessed for all certified
				  general real estate appraisers, certified residential real estate appraisers
				  and, licensed residential real estate appraisers shall be submitted to the
				  Appraisal Subcommittee. The registry fee may be adjusted in accordance with the
				  Act and charged to the licensee.
Renewal and reinstatement fees for a certified general real
					 estate appraiser, a certified residential real estate appraiser, a licensed
					 residential real estate appraiser and an appraiser trainee include a $37.50 fee
					 for a copy of the Uniform Standards of Professional Appraisal Practice. This
					 fee is subject to the fee charged by the Appraisal Foundation and may be
					 adjusted and charged to the applicant in accordance with the fee charged by the
					 Appraisal Foundation.
C.
				  Renewal fees are as follows:
Certified general real estate appraiser
$205
Certified residential real estate appraiser
$205
Licensed residential real estate appraiser
$205
Appraiser trainee
$125
Registered business entity
$120
Certified instructor
$150
For licenses expiring on May 31, 2023, and before May 1,
					 2025, the renewal fees are as follows:
Certified general real estate appraiser
$140
Certified residential real estate appraiser
$140
Licensed residential real estate appraiser
$140
Appraiser trainee
$60
Registered business entity
$25
Certified instructor
$25
D.
				  Reinstatement fees are as follows:
Certified general real estate appraiser
$385
Certified residential real estate appraiser
$385
Licensed residential real estate appraiser
$385
Appraiser trainee
$250
Registered business entity
$280
Certified instructor
$300
For licenses expiring on May 31, 2023, and before May 1,
					 2025, the reinstatement fees shall be as follows:
Certified general real estate appraiser
$320
Certified residential real estate appraiser
$320
Licensed residential real estate appraiser
$320
Appraiser trainee
$155
Registered business entity
$185
Certified instructor
$25
Statutory Authority: §§ 54.1-201 and 54.1-2013
						of the Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Part III - Renewal of License/Registration/Certification › Section 18VAC130-20-140 - Status of licensee during the period prior to reinstatement

Current through Register Vol. 40, No. 24, July 15, 2024
A. When a license
				  is reinstated, the licensee shall continue to have the same license number and
				  shall be assigned an expiration date two years from the previous expiration
				  date of the license.
B. A licensee
				  or certificate holder who is reinstated shall be regarded as having been
				  continuously licensed without interruption. Therefore, the licensee or
				  certificate holder shall remain under the disciplinary authority of the board
				  during this entire period and may be held accountable for his activities during
				  this period. A licensee or certificate holder who is not reinstated shall be
				  regarded as unlicensed from the expiration date of the license forward. Nothing
				  in this chapter shall divest the board of its authority to discipline a
				  licensee or certificate holder for a violation of the law or regulations during
				  the period of time for which the appraiser was licensed.
Statutory Authority
§§ 54.1-2013, 54.1-2014 and 54.1-2016 of the
						Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Part III - Renewal of License/Registration/Certification › Section 18VAC130-20-150 - Board discretion to deny renewal or reinstatement

Current through Register Vol. 40, No. 24, July 15, 2024
The board may deny renewal or reinstatement of a license,
					 certification or registration for the same reasons as it may refuse initial
					 licensure or registration or discipline a current licensee or
					 registrant.
Statutory Authority
§§ 54.1-2013, 54.1-2014 and 54.1-2016 of the
						Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Part IV - Standards › Section 18VAC130-20-160 - Grounds for disciplinary action

Current through Register Vol. 40, No. 24, July 15, 2024
The board has the power to fine any licensee, registrant or
					 certificate holder, to place any licensee, registrant or certificate holder on
					 probation, and to suspend or revoke any license, registration or certification
					 issued under the provisions of Chapter 20.1 of Title 54.1 of the Code of
					 Virginia and the regulations of the board, in accordance with §§
					 54.1-201(7), 54.1-202 and the provisions of the Administrative Process Act,
					 Chapter 40 (§ 2.2-4000 et seq.) of Title 2.2 of the Code of Virginia, when
					 any licensee, registrant or certificate holder has been found to have violated
					 or cooperated with others in violating any provision of Chapter 20.1 of Title
					 54.1 of the Code of Virginia, any relevant provision of the Uniform Standards
					 of Professional Appraisal Practice as developed by the Appraisal Standards
					 Board of the Appraisal Foundation, or any regulation of the board. An appraiser
					 trainee shall be subject to disciplinary action for his actions even if acting
					 under the supervision of a supervising appraiser.
Statutory Authority: §§ 54.1-201 and 54.1-2013
						of the Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Part IV - Standards › Section 18VAC130-20-170 - Standards of ethical conduct

Current through Register Vol. 40, No. 24, July 15, 2024
In obtaining a real estate appraiser license and performing
					 a real estate appraisal, a licensee shall comply with each provision of the
					 Uniform Standards of Professional Appraisal Practice Ethics Rule and the
					 following standards of ethical conduct:
1. All applicants for licensure shall follow
				  all rules established by the board with regard to conduct at the examination.
				  Such rules shall include any written instructions communicated prior to the
				  examination date and any instruction communicated at the site, either written
				  or oral, on the date of the examination. Failure to comply with all rules
				  established by the board or a testing service acting on behalf of the board
				  with regard to conduct at the examination shall be grounds for denial of a
				  license.
2. A licensee, certificate
				  holder or registrant shall not obtain or attempt to obtain a license,
				  certification or registration by false or fraudulent representation.
3. A licensee, registrant or certificate
				  holder shall not make any misrepresentation.
Statutory Authority
§§ 54.1-201 and 54.1-2013 of the Code of
						Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Part IV - Standards › Section 18VAC130-20-180 - Standards of professional practice

Current through Register Vol. 40, No. 24, July 15, 2024
A. The provisions of subsections C through L
				  of this section shall not apply to local, state, and federal employees
				  performing in their official capacity.
B. Maintenance of licenses. The board shall
				  not be responsible for the failure of a licensee, registrant, or certificate
				  holder to receive notices, communications, and correspondence.
1. Change of address.
a. All licensed real estate appraisers,
				  appraiser trainees, and certified instructors shall at all times keep the board
				  informed in writing of their current home address and shall report any change
				  of address to the board within 30 days of such change.
b. Registered real estate appraisal business
				  entities shall at all times keep the board informed in writing of their current
				  business address and shall report any change of address to the board within 30
				  days of such change.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Part V - Educational Offerings › Section 18VAC130-20-200 - Requirement for the approval of appraisal educational offerings

Current through Register Vol. 40, No. 24, July 15, 2024
Pursuant to the mandate of Title 11 of the Federal
					 Financial Institutions Reform, Recovery and Enforcement Act of 1989, §
					 54.1-2013 of the Code of Virginia, and the qualifications criteria set forth by
					 the Appraisal Qualifications Board of the Appraisal Foundation, all educational
					 offerings submitted for prelicensure and continuing education credit shall be
					 approved by the board. Educational offerings that have been approved by the
					 Appraiser Qualifications Board shall be considered to have met the standards
					 for approval set forth in this chapter. Prelicense course applications received
					 by the department or its agent must be complete within 12 months of the date of
					 the receipt of the application and fee by the department or its
					 agent.
Statutory Authority
§ 54.1-2013 of the Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Part V - Educational Offerings › Section 18VAC130-20-210 - Standards for the approval of appraisal educational offerings for prelicensure credit

Current through Register Vol. 40, No. 24, July 15, 2024
A. Content.
1. Prior to licensure, applicants shall have
				  successfully completed the 15 hour National Uniform Standards of Professional
				  Appraisal Practice course or its equivalent.
2. While various appraisal courses may be
				  credited toward the classroom requirement specified for each classification of
				  licensure, all applicants for licensure as an appraiser trainee, a licensed
				  residential, certified residential, or certified general real estate appraiser
				  must demonstrate that their course work included coverage of the required
				  topics listed below.
Basic appraisal principles (30 hours) Basic appraisal
							 procedures (30 hours) Residential market analysis and highest and best use (15
							 hours) Residential appraiser site valuation and cost approach (15 hours)
							 Residential sales comparison and income approaches (30 hours) Residential
							 report writing and case studies (15 hours) Statistics, modeling and finance (15
							 hours) Advanced residential applications and case studies (15 hours) General
							 appraiser market analysis and highest and best use (30 hours) General appraiser
							 sales comparison approach (30 hours) General appraiser site valuation and cost
							 approach (30 hours) General appraiser income approach (60 hours) General
							 appraiser report writing and case studies (30 hours)
3.
				  All appraisal and appraisal-related offerings presented for prelicense credit
				  must have a final, written examination. The examination may not be an open book
				  examination.
4. Credit toward the
				  classroom hour requirement to satisfy the educational requirement prior to
				  licensure shall be granted only where the length of the educational offering is
				  at least 15 classroom hours.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Part V - Educational Offerings › Section 18VAC130-20-220 - Standards for the approval of appraisal educational offerings for continuing education credit

Current through Register Vol. 40, No. 24, July 15, 2024
A. Content.
1. The content of courses, seminars,
				  workshops, or conferences that may be accepted for continuing education credit
				  includes those topics listed in
				  18VAC130-20-210 A 2 and listed in
				  this subdivision.
Ad valorem taxation
Appraisal bias
Arbitration, dispute resolution
Courses related to the practice of real estate
								appraisal or consulting
Development cost estimating
Ethics and standards of professional practice,
								Uniform Standards of Professional Appraisal Practice
Fair housing
Land use planning, zoning
Management, leasing, timesharing
Property development, partial interests
Real estate financing and investment
Real estate law, easements, and legal
								interests
Real estate litigation, damages,
								condemnation
Real estate appraisal related computer
								applications
Real estate securities and syndication
Developing opinions of real property value in
								appraisals that also include personal property or business value
Seller concessions and impact on value
Energy efficient items and "green building"
								appraisals
2.
				  Any course related to appraisal bias designed to meet the requirements of
				  18VAC130-20-110 A 5 must be
				  directly applicable to rendering of an opinion of value by an appraiser.
				  Acceptable topics should consist of:
a.
				  Awareness and identification of appraisal bias;
b. Effects of appraisal bias on
				  consumers;
c. Assisting consumers
				  who may have been subjected to biased appraisals;
d. Strategies to address appraisal bias;
				  and
e. Laws and regulations
				  applicable to appraisal bias.
3. Courses, seminars, workshops, or
				  conferences submitted for continuing education credit must indicate that the
				  licensee participated in an educational program that maintained and increased
				  the licensee's knowledge, skill, and competency in real estate
				  appraisal.
4. Credit toward the
				  classroom hour requirement to satisfy the continuing education requirements
				  shall be granted only where the length of the educational offering is at least
				  two hours and the licensee participated in the full length of the
				  program.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Part V - Educational Offerings › Section 18VAC130-20-230 - Procedures for awarding prelicense and continuing education credits

Current through Register Vol. 40, No. 24, July 15, 2024
A. Course credits
				  shall be awarded only once for courses having substantially equivalent
				  content.
B. Proof of completion of
				  such course, seminar, workshop or conference may be in the form of a
				  transcript, certificate, letter of completion or in any such written form as
				  may be required by the board. All courses, seminars and workshops submitted for
				  prelicensure and continuing education credit must indicate the number of
				  classroom hours.
C. Information
				  that may be requested by the board in order to further evaluate course content
				  includes, but is not limited to, course descriptions, syllabi, or textbook
				  references.
D. All transcripts,
				  certificates, letters of completion or similar documents submitted to verify
				  completion of seminars, workshops or conferences for continuing education
				  credit must indicate successful completion of the course, seminar, workshop or
				  conference. Applicants must furnish written proof of having received a passing
				  grade in all prelicense education courses submitted.
E. All courses, seminars, workshops, or
				  conferences submitted for satisfaction of continuing education requirements
				  must be satisfactory to the board.
F. Prelicense courses. A distance education
				  course may be acceptable to meet the classroom hour requirement or its
				  equivalent provided that the course is approved by the board, the learner
				  successfully completes a written examination proctored by an official approved
				  by the presenting entity, college, or university, the course meets the
				  requirements for qualifying education established by the Appraiser
				  Qualifications Board, the course is equivalent to the minimum of 15 classroom
				  hours and meets one of the following conditions:
1. The course is presented by an accredited
				  (Commission on Colleges or a regional accreditation association) college or
				  university that offers distance education programs in other disciplines;
				  or
2. The course has received
				  approval of the International Distance Education Certification Center (IDECC)
				  for the course design and delivery mechanism and either the approval of the
				  Appraisal Qualifications Board through its course approval program or the
				  approval of the board for the content of the course.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Part V - Educational Offerings › Section 18VAC130-20-240 - Course approval fees

Current through Register Vol. 40, No. 24, July 15, 2024
Course Approval Fee
$150
NOTICE: The following forms used in administering
							 the regulation were filed by the agency. The forms are not being published;
							 however, online users of this issue of the Virginia Register of Regulations may
							 click on the name of a form with a hyperlink to access it. The forms are also
							 available from the agency contact or may be viewed at the Office of the
							 Registrar of Regulations, General Assembly Building, 2nd Floor, Richmond,
							 Virginia 23219.
Statutory Authority: §§ 54.1-201 and 54.1-2013
						of the Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Part V - Educational Offerings › Section 18VAC130-20-250 - Reapproval of courses required

Current through Register Vol. 40, No. 24, July 15, 2024
Approval letters issued under this chapter for educational
					 offerings shall expire two years from the last day of the month in which they
					 were issued, as indicated in the approval letter. The reapproval fee shall be
					 equivalent to the original approval fee specified in
					 18VAC130-20-240. For courses
					 expiring on May 31, 2023, and before May 1, 2025, the course reapproval fee
					 shall be $25.
Statutory Authority: §§ 54.1-201 and 54.1-2013
						of the Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Form - FORMS (18VAC130-20)

Current through Register Vol. 40, No. 24, July 15, 2024
Appraiser
				  License Application, A461-4001LIC-v5_01-01-2017 (rev. 1/2017)
Experience
				  Log, A461-40EXP-v1 (rev. 7/2013)
Appraiser
				  Trainee License Application, A461-4004TRLIC-v4 (rev. 8/2015)
Trainee
				  Supervisor Verification Form, A461-40TRSUP-v2 (rev. 1/2015)
Business
				  Registration Application, A461-4008BUS-v2 (rev. 8/2015)
Pre-License
				  Education Course Application, A461-4006CRS-v2 (rev. 8/2015)
Pre-License
				  Education Course Renewal Application, A461-4006RENCRS-v2 (rev.
				  8/2015)
Instructor
				  Certification Application, A461-4002INSTR-v2 (rev. 8/2015)
Activate
				  License Application, A461-4001AT-v1 (rev. 7/2013)
Temporary
				  Appraiser License Application, A461-4005TLIC-v2 (rev.
				  8/2015)
Statutory Authority: §§ 54.1-201 and 54.1-2013 of
					 the Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Section (18VAC130-20) - DOCUMENTS INCORPORATED BY REFERENCE

Current through Register Vol. 40, No. 24, July 15, 2024
Uniform
				  Standards of Professional Appraisal Practice, 2020-2021 Edition, Appraisal
				  Standards Board, The Appraisal Foundation
Statutory Authority: §
											54.1-2013
					 of the Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part II - Entry › Section 18VAC130-30-20 - Application procedures

Current through Register Vol. 40, No. 24, July 15, 2024
An applicant seeking licensure shall submit an application
					 with the appropriate fee specified in
					 18VAC130-30-60. Application shall
					 be made on a form provided by the board or its agent.
By submitting the application to the department, the
					 applicant certifies that the applicant has read and understands the applicable
					 statutes and the board's regulations.
The receipt of an application and the deposit of fees by
					 the board does not indicate approval by the board.
The board may make further inquiries and investigations
					 with respect to the applicant's qualifications to confirm or amplify
					 information supplied. All applications shall be completed in accordance with
					 the instructions contained in this chapter and on the application. Applications
					 will not be considered complete until all documents are received by the
					 board.
A firm will be notified within 30 days of the board's
					 receipt of an initial application if the application is incomplete. A firm that
					 fails to complete the process within 12 months of receipt of the application in
					 the board's office must submit a new application and fee.
Statutory Authority: § 54.1-201 of the Code of
						Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part II - Entry › Section 18VAC130-30-30 - Qualifications for licensure as an appraisal management company

Current through Register Vol. 40, No. 24, July 15, 2024
A. Firms that meet
				  the definition of appraisal management company as defined in §
										54.1-2020 of the Code
				  of Virginia shall submit an application on a form prescribed by the board and
				  shall meet the requirements set forth in §
										54.1-2021.1
				  of the Code of Virginia, as well as the additional qualifications of this
				  section.
B. Any firm acting as an
				  appraisal management company as defined in §
										54.1-2020 of the Code
				  of Virginia shall hold a license as an appraisal management company. All names
				  under which the appraisal management company conducts business shall be
				  disclosed on the application. The name under which the firm conducts business
				  and holds itself out to the public (i.e., the trade or fictitious name) shall
				  also be disclosed on the application. Firms shall be organized as business
				  entities under the laws of the Commonwealth of Virginia or otherwise authorized
				  to transact business in Virginia. Firms shall register any trade or fictitious
				  names with the State Corporation Commission or the clerk of the court in the
				  county or jurisdiction where the business is to be conducted in accordance with
				  §§
										59.1-69
				  through
				  59.1-76
				  of the Code of Virginia before submitting an application to the
				  board.
C. The applicant for an
				  appraisal management company license shall disclose the firm's mailing address
				  and the firm's physical address. A post office box is only acceptable as a
				  mailing address when a physical address is also provided.
D. In accordance with §
										54.1-204
				  of the Code of Virginia, each applicant for an appraisal management company
				  license shall have any person who owns 10% or more of the firm and the
				  controlling person of the firm submit to fingerprinting and a background
				  investigation and disclose the following information:
1. All felony convictions.
2. All misdemeanor convictions except
				  marijuana convictions in any jurisdiction that occurred within five years of
				  the date of application.
3. Any
				  plea of nolo contendere or finding of guilt regardless of adjudication or
				  deferred adjudication shall be considered a conviction for the purposes of this
				  section. The record of conviction certified or authenticated in such form as to
				  be admissible in evidence under the laws of the jurisdiction where convicted
				  shall be admissible as prima facie evidence of such guilt.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part II - Entry › Section 18VAC130-30-40 - Application denial

Current through Register Vol. 40, No. 24, July 15, 2024
The board may refuse initial licensure due to an
					 applicant's failure to comply with entry requirements or for any of the reasons
					 the board may discipline a regulant.
Statutory Authority: § 54.1-201 of the Code of
						Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part III - Fees › Section 18VAC130-30-50 - General fee requirements

Current through Register Vol. 40, No. 24, July 15, 2024
All fees are nonrefundable and shall not be prorated. The
					 date on which the fee is received by the department or its agent will determine
					 whether the fee is on time. Checks or money orders shall be payable to the
					 Treasurer of Virginia.
Statutory Authority: § 54.1-201 of the Code of
						Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part III - Fees › Section 18VAC130-30-60 - Fee schedule

Current through Register Vol. 40, No. 24, July 15, 2024
Fee Type
Fee Amount
When Due
Initial Application - Appraisal Management
								Company
$340
With application
Renewal - Appraisal Management Company
$150
With renewal application
Reinstatement - Appraisal Management Company
$490 (includes a $340 reinstatement fee in
								addition to the regular $150 renewal fee)
With reinstatement application
For licenses expiring on August 31, 2019, and before
					 February 1, 2020, the renewal fee shall be as follows:
Renewal - Appraisal Management Company
$75
With renewal application
For licenses expiring on August 31, 2019, and before
					 February 1, 2020, the reinstatement fee shall be as follows:
Reinstatement - Appraisal Management Company
$415 (includes a $340 reinstatement fee in
								addition to the $75 renewal fee)
With reinstatement application
Each appraisal management company shall be assessed a
					 National Registry fee in accordance with § 1109 of the Financial
					 Institutions Reform, Recovery, and Enforcement Act of 1989 ( 12 USC
					 §§ 3331-3356 ) (the Act). The National Registry fee will be $25
					 multiplied by the number of appraisers working for or contracting with the
					 appraisal management company in Virginia during the previous year. The minimum
					 National Registry fee will be $25. This fee may be adjusted and charged to the
					 appraisal management company in accordance with the Act. If an applicant fails
					 to qualify for licensure, then the National Registry fee will be
					 refunded.
Statutory Authority: §
												54.1-201
						of the Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part IV - Renewal and Reinstatement › Section 18VAC130-30-70 - Renewal required

Current through Register Vol. 40, No. 24, July 15, 2024
A license issued under this chapter shall expire one year
					 from the last day of the month in which it was issued. A fee shall be required
					 for renewal.
Statutory Authority: §
												54.1-201
						of the Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part IV - Renewal and Reinstatement › Section 18VAC130-30-80 - Expiration and renewal

Current through Register Vol. 40, No. 24, July 15, 2024
A. Prior to
				  the expiration date shown on the license, licenses shall be renewed upon (i)
				  completion of the renewal application, (ii) submittal of proof of current bond
				  or letter of credit as detailed in
				  18VAC130-30-30 [H], and (iii)
				  payment of the fees specified in
				  18VAC130-30-60.
B. The board will mail a renewal notice to
				  the regulant at the last known mailing address of record. Failure to receive
				  this notice shall not relieve the regulant of the obligation to renew. If the
				  regulant fails to receive the renewal notice, a copy of the license may be
				  submitted with the required fees as an application for renewal. By submitting
				  an application for renewal, the regulant is certifying continued compliance
				  with the standards of conduct and practice in Part V (18VAC130-30-120 et seq.) of this
				  chapter.
C. Applicants for renewal
				  shall continue to meet all of the qualifications for licensure set forth in
				  Part II (18VAC130-30-20 et seq.) of this
				  chapter.
Statutory Authority: § 54.1-201 of the Code of
						Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part IV - Renewal and Reinstatement › Section 18VAC130-30-90 - Reinstatement of appraisal management company license required

Current through Register Vol. 40, No. 24, July 15, 2024
A. If all of the
				  requirements for renewal of a license as specified in
				  18VAC130-30-80 A are not completed
				  within 30 days of the license expiration date, the regulant shall be required
				  to reinstate the license by meeting all renewal requirements and by paying the
				  reinstatement fee specified in
				  18VAC130-30-60.
B. A license may be reinstated for up to one
				  year following the expiration date. After one year, the license may not be
				  reinstated under any circumstances and the firm must meet all current entry
				  requirements and apply as a new applicant.
C. Any regulated activity conducted
				  subsequent to the license expiration date may constitute unlicensed activity
				  and be subject to prosecution under Chapter 1 (§ 54.1-100 et seq.) of
				  Title 54.1 of the Code of Virginia.
Statutory Authority: § 54.1-201 of the Code of
						Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part IV - Renewal and Reinstatement › Section 18VAC130-30-100 - Status of license during the period prior to reinstatement

Current through Register Vol. 40, No. 24, July 15, 2024
A regulant [that] applies for reinstatement of a license
					 shall be subject to all laws and regulations as if the regulant had been
					 continuously licensed. The regulant shall remain under and be subject to the
					 disciplinary authority of the board during this entire
					 period.
Statutory Authority: § 54.1-201 of the Code of
						Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part IV - Renewal and Reinstatement › Section 18VAC130-30-110 - Board discretion to deny renewal or reinstatement

Current through Register Vol. 40, No. 24, July 15, 2024
The board may deny renewal or reinstatement of a license
					 for the same reasons as the board may refuse initial licensure or discipline a
					 regulant.
The board may deny renewal or reinstatement of a license
					 if the regulant has been subject to a disciplinary proceeding and has not met
					 the terms of an agreement for licensure or other board order, has not satisfied
					 all sanctions, or has not fully paid any monetary penalties and costs imposed
					 by the board, plus any accrued interest.
Statutory Authority: § 54.1-201 of the Code of
						Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part V - Standards of Conduct and Practice › Section 18VAC130-30-120 - Grounds for disciplinary action

Current through Register Vol. 40, No. 24, July 15, 2024
The board has the power to fine any regulant, to place any
					 regulant on probation, and to suspend or revoke any license issued under the
					 provisions of Chapter 20.2 (§ 54.1-2020 et seq.) of Title 54.1 of the Code
					 of Virginia and the regulations of the board, in accordance with §
					 54.1-201 [A 7] and § 54.1-202 of the Code of Virginia and the provisions
					 of the Administrative Process Act (§ 2.2-4000 et seq. of the Code of
					 Virginia) when any regulant has been found to have violated or cooperated with
					 others in violating any provision of Chapter 20.2 of Title 54.1 of the Code of
					 Virginia, any relevant provision of the Uniform Standards of Professional
					 Appraisal Practice as developed by the Appraisal Standards Board of the
					 Appraisal Foundation, or any regulation of the board.
Statutory Authority: § 54.1-201 of the Code of
						Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part V - Standards of Conduct and Practice › Section 18VAC130-30-130 - Maintenance of license

Current through Register Vol. 40, No. 24, July 15, 2024
A. No
				  license issued by the board shall be assigned or otherwise
				  transferred.
B. A regulant shall
				  report, in writing, all changes of address to the board within 30 days of the
				  change and shall return the license to the board. In addition to the address of
				  record, a physical address is required for each license. If the regulant holds
				  more than one license, certificate, or registration, the regulant shall inform
				  the board of all licenses, certificates, and registrations affected by the
				  address change.
C. Any change in
				  any of the qualifications for licensure found in
				  18VAC130-30-30 shall be reported
				  to the board within 30 days of the change.
D. Notwithstanding the provisions of
				  subsection C of this section, a regulant shall report the cancellation,
				  amendment, expiration, or any other change of any bond or letter of credit
				  submitted in accordance with
				  18VAC130-30-30 [H] within five
				  days of the change.
E. A regulant
				  shall report to the board the discharge or termination of the responsible
				  person and provide to the board the new responsible person designated by the
				  regulant within five business days of the discharge or termination and name a
				  new responsible person.
Statutory Authority: § 54.1-201 of the Code of
						Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part V - Standards of Conduct and Practice › Section 18VAC130-30-140 - Change of business entity requires a new license

Current through Register Vol. 40, No. 24, July 15, 2024
A. Licenses are issued to firms as defined in
				  this chapter and are not transferable. Whenever the legal business entity
				  holding the license is dissolved or altered to form a new business entity, the
				  license becomes void and shall be returned to the board within 30 days of the
				  change. Such changes include but are not limited to:
1. Cessation of the business or the voluntary
				  termination of a sole proprietorship or general partnership;
2. Death of a sole proprietor;
3. Formation, reformation, or dissolution of
				  a general partnership, limited partnership, corporation, limited liability
				  company, association, or any other business entity recognized under the laws of
				  the Commonwealth of Virginia; or
4.
				  The suspension or termination of the corporation's existence by the State
				  Corporation Commission.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part V - Standards of Conduct and Practice › Section 18VAC130-30-150 - Notice of adverse action

Current through Register Vol. 40, No. 24, July 15, 2024
A.
				  Licensed appraisal management companies shall notify the board of the following
				  actions against the firm, the responsible person, any controlling person, or
				  any person who owns 10% or more of the firm:
1. Any disciplinary action taken by any
				  jurisdiction, board, or administrative body of competent jurisdiction,
				  including any reprimand; license or certificate revocation, suspension, or
				  denial; monetary penalty; or requirement for remedial education or other
				  corrective action.
2. Any voluntary
				  surrender of a license, certificate, or registration done in connection with a
				  disciplinary action in another jurisdiction.
3. Any conviction, finding of guilt, or plea
				  of guilty, regardless of adjudication or deferred adjudication, in any
				  jurisdiction of the United States of any misdemeanor involving moral turpitude,
				  sexual offense, non-marijuana drug distribution, or physical injury, or any
				  felony, there being no appeal pending therefrom or the time for appeal having
				  lapsed. Review of convictions shall be subject to the requirements of §
											54.1-204
				  of the Code of Virginia. Any plea of nolo contendere shall be considered a
				  conviction for the purpose of this section.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Part V - Standards of Conduct and Practice › Section 18VAC130-30-170 - Response to inquiry and provision of records

Current through Register Vol. 40, No. 24, July 15, 2024
A. A regulant must respond within 10 days to
				  a request by the board or any of its agents regarding any complaint filed with
				  the department.
B. Unless otherwise
				  specified by the board, a regulant of the board shall produce to the board or
				  any of its agents within 10 days of the request any document, book, or record
				  concerning any transaction pertaining to a complaint filed in which the
				  regulant was involved, or for which the regulant is required to maintain
				  records for inspection and copying by the board or its agents. The board may
				  extend such time frame upon a showing of extenuating circumstances prohibiting
				  delivery within such 10-day period.
C. A regulant shall not provide a false,
				  misleading, or incomplete response to the board or any of its agents seeking
				  information in the investigation of a complaint filed with the board.
D. With the exception of the requirements of
				  subsections A and B of this section, a regulant must respond to an inquiry by
				  the board or its agents within 21 days.
Statutory Authority: § 54.1-201 of the Code of
						Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 30 - APPRAISAL MANAGEMENT COMPANY REGULATIONS › Form - FORMS (18VAC130-30)

Current through Register Vol. 40, No. 24, July 15, 2024
Appraisal
				  Management Company License Application, A461-4009LIC (eff. 2/15)
Owners
				  and Controlling Person(s) Change Application, A461-40CHG (eff.
				  2/15)
Responsible
				  Person Change Application, A461-40RPCHG (eff. 2/15)
Statutory Authority: § 54.1-201 of the Code of
					 Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 135 - REAL ESTATE BOARD › Chapter 11 - PUBLIC PARTICIPATION GUIDELINES › Part I - Purpose and Definitions › Section 18VAC135-11-10 - Purpose

Current through Register Vol. 40, No. 24, July 15, 2024
The purpose of this chapter is to promote public
					 involvement in the development, amendment or repeal of the regulations of the
					 Real Estate Board. This chapter does not apply to regulations, guidelines, or
					 other documents exempted or excluded from the provisions of the Administrative
					 Process Act (§ 2.2-4000 et seq. of the Code of
					 Virginia).
Statutory Authority
§§ 2.2-4007.02, 54.1-201 and 54.1-2105 of the
						Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 135 - REAL ESTATE BOARD › Chapter 11 - PUBLIC PARTICIPATION GUIDELINES › Part II - Notification of Interested Persons › Section 18VAC135-11-30 - Notification list

Current through Register Vol. 40, No. 24, July 15, 2024
A. The agency shall
				  maintain a list of persons who have requested to be notified of regulatory
				  actions being pursued by the agency.
B. Any person may request to be placed on a
				  notification list by registering as a public user on the Town Hall or by making
				  a request to the agency. Any person who requests to be placed on a notification
				  list shall elect to be notified either by electronic means or through a postal
				  carrier.
C. The agency may maintain
				  additional lists for persons who have requested to be informed of specific
				  regulatory issues, proposals, or actions.
D. When electronic mail is returned as
				  undeliverable on multiple occasions at least 24 hours apart, that person may be
				  deleted from the list. A single undeliverable message is insufficient cause to
				  delete the person from the list.
E.
				  When mail delivered by a postal carrier is returned as undeliverable on
				  multiple occasions, that person may be deleted from the list.
F. The agency may periodically request those
				  persons on the notification list to indicate their desire to either continue to
				  be notified electronically, receive documents through a postal carrier, or be
				  deleted from the list.
Statutory Authority
§§ 2.2-4007.02, 54.1-201 and 54.1-2105 of the
						Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 135 - REAL ESTATE BOARD › Chapter 11 - PUBLIC PARTICIPATION GUIDELINES › Part II - Notification of Interested Persons › Section 18VAC135-11-40 - Information to be sent to persons on the notification list

Current through Register Vol. 40, No. 24, July 15, 2024
A. To persons
				  electing to receive electronic notification or notification through a postal
				  carrier as described in
				  18VAC135-11-30, the agency shall
				  send the following information:
1. A notice
				  of intended regulatory action (NOIRA).
2. A notice of the comment period on a
				  proposed, a reproposed, or a fast-track regulation and hyperlinks to, or
				  instructions on how to obtain, a copy of the regulation and any supporting
				  documents.
3. A notice soliciting
				  comment on a final regulation when the regulatory process has been extended
				  pursuant to § 2.2-4007.06 or 2.2-4013C of the Code of Virginia.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 135 - REAL ESTATE BOARD › Chapter 11 - PUBLIC PARTICIPATION GUIDELINES › Part III - Public icipation Procedures › Section 18VAC135-11-50 - Public comment

Current through Register Vol. 40, No. 24, July 15, 2024
A. In
				  considering any nonemergency, nonexempt regulatory action, the agency shall
				  afford interested persons an opportunity to (i) submit data, views, and
				  arguments, either orally or in writing, to the agency; and (ii) be accompanied
				  by and represented by counsel or other representative. Such opportunity to
				  comment shall include an online public comment forum on the Town Hall.
1. To any requesting person, the agency shall
				  provide copies of the statement of basis, purpose, substance, and issues; the
				  economic impact analysis of the proposed or fast-track regulatory action; and
				  the agency's response to public comments received.
2. The agency may begin crafting a regulatory
				  action prior to or during any opportunities it provides to the public to submit
				  comments.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 135 - REAL ESTATE BOARD › Chapter 11 - PUBLIC PARTICIPATION GUIDELINES › Part III - Public icipation Procedures › Section 18VAC135-11-60 - Petition for rulemaking

Current through Register Vol. 40, No. 24, July 15, 2024
A. As
				  provided in § 2.2-4007 of the Code of Virginia, any person may petition
				  the agency to consider a regulatory action.
B. A petition shall include but is not
				  limited to the following information:
1. The
				  petitioner's name and contact information;
2. The substance and purpose of the
				  rulemaking that is requested, including reference to any applicable Virginia
				  Administrative Code sections; and
3. Reference to the legal authority of the
				  agency to take the action requested.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 135 - REAL ESTATE BOARD › Chapter 11 - PUBLIC PARTICIPATION GUIDELINES › Part III - Public icipation Procedures › Section 18VAC135-11-70 - Appointment of regulatory advisory panel

Current through Register Vol. 40, No. 24, July 15, 2024
A. The agency may appoint a regulatory
				  advisory panel (RAP) to provide professional specialization or technical
				  assistance when the agency determines that such expertise is necessary to
				  address a specific regulatory issue or action or when individuals indicate an
				  interest in working with the agency on a specific regulatory issue or
				  action.
B. Any person may request
				  the appointment of a RAP and request to participate in its activities. The
				  agency shall determine when a RAP shall be appointed and the composition of the
				  RAP.
C. A RAP may be dissolved by
				  the agency if:
1. The proposed text of the
				  regulation is posted on the Town Hall, published in the Virginia Register, or
				  such other time as the agency determines is appropriate; or
2. The agency determines that the regulatory
				  action is either exempt or excluded from the requirements of the Administrative
				  Process Act.
Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 135 - REAL ESTATE BOARD › Chapter 11 - PUBLIC PARTICIPATION GUIDELINES › Part III - Public icipation Procedures › Section 18VAC135-11-80 - Appointment of negotiated rulemaking panel

Current through Register Vol. 40, No. 24, July 15, 2024
A. The agency may appoint a negotiated
				  rulemaking panel (NRP) if a regulatory action is expected to be
				  controversial.
B. An NRP that has
				  been appointed by the agency may be dissolved by the agency when:
1. There is no longer controversy associated
				  with the development of the regulation;
2. The agency determines that the regulatory
				  action is either exempt or excluded from the requirements of the Administrative
				  Process Act; or
3. The agency
				  determines that resolution of a controversy is unlikely.