Title of Regulation: 18VAC130-20. Real Estate Appraiser Board Rules and Regulations (amending 18VAC130-20-90, 18VAC130-20-130).

Statutory Authority: § 54.1-2013 of the Code of Virginia.

Effective Date: January 1, 2012.

Agency Contact: Christine Martine, Executive Director, Real Estate Appraiser Board, 9960 Mayland Drive, Suite 400, Richmond, VA 23233, telephone (804) 367-8552, FAX (804) 527-4298, or email reappraisers@dpor.virginia.gov.

Summary:

The amendments increase the application, renewal, and reinstatement fees for certified and licensed real estate appraiser applicants and licensees by $30 due to an increase in the biennial National Registry fee assessment.

18VAC130-20-90. Application and registration fees.

There will be no pro rata refund of these fees to licensees who resign or upgrade to a higher license or to licensees whose licenses are revoked or surrendered for other causes. All application fees for licenses and registrations are nonrefundable.

1. Application fees for registrations, certificates and licenses are as follows:

Registration of business entity	$100
Certified General Real Estate Appraiser	$141
Temporary Certified General Real Estate Appraiser	$45
Certified Residential Real Estate Appraiser	$141
Temporary Certified Residential Real Estate Appraiser	$45
Licensed Residential Real Estate Appraiser	$141
Temporary Licensed Residential Real Estate Appraiser	$45
Appraiser Trainee	$96
Upgrade of license	$65
Instructor Certification	$135

Application 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 $21 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.

2. Examination fees. The fee for examination or reexamination is subject to contracted charges to the department by an outside vendor. These contracts are competitively negotiated and bargained for in compliance with the Virginia Public Procurement Act (§ 2.2-4300 et seq. of the Code of Virginia). Fees may be adjusted and charged to the candidate in accordance with this contract.

3. A $50 An $80 National Registry Fee Assessment fee assessment for all permanent license applicants is to be assessed of each applicant in accordance with § 1109 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 USC §§ 3331-3351). This fee may be adjusted and charged to the applicant in accordance with the Act. If the applicant fails to qualify for licensure, then this assessment fee will be refunded.

18VAC130-20-130. Fees for renewal and reinstatement.

A. All fees are nonrefundable.

B. National registry Registry fee assessment. In accordance with the requirements of § 1109 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, $50 $80 of the biennial renewal or reinstatement fee assessed for all certified general real estate appraisers, certified residential 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 $21 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	$111 $141
Certified residential real estate appraiser	$111 $141
Licensed residential real estate appraiser	$111 $141
Appraiser trainee	$61
Registered business entity	$60
Certified instructor	$125

D. Reinstatement fees are as follows:

Certified general real estate appraiser	$171 $201
Certified residential real estate appraiser	$171 $201
Licensed residential real estate appraiser	$171 $201
Appraiser trainee	$121
Registered business entity	$100
Certified instructor	$230

FORMS (18VAC130-20)

Real Estate Appraiser Board License Application, 40LIC (rev. 5/09).

Real Estate Appraiser Board Experience Log, 40EXP (rev. 7/09).

Real Estate Appraiser Board License Application, 40LIC (rev. 1/12).

Real Estate Appraiser Board Experience Log, 40EXP (rev. 7/10).

Real Estate Appraiser Board Experience Verification Form, 40EXPVER (rev. 4/09).

Real Estate Appraiser Board Experience Requirements, 40EXPREQ (rev. 4/09).

Real Estate Appraiser Board Trainee License Application, 40TRLIC (rev. 5/09).

Real Estate Appraiser Board Experience Requirements, 40EXPREQ (rev. 4/10).

Real Estate Appraiser Board Appraiser Trainee License Application, 40TRLIC (rev. 6/10).

Real Estate Appraiser Board Trainee Supervisor Verification Form, 40TRSUP (rev. 4/09).

Real Estate Appraiser Business Registration Application, 40BUS (rev. 4/09).

Real Estate Appraiser Business Registration Application, 40BUS (rev. 12/09).

Real Estate Appraiser Board Pre-License Course Application, 40CRS (rev. 4/09).

Real Estate Appraiser Board Instructor Certificate Application, 40INSTR (rev. 5/09).

Real Estate Appraiser Board Pre-License Renewal Course Application, 40RENCRS (rev. 2/09).

Real Estate Appraiser Board Activate Application, 40ACT (rev. 4/09).

Real Estate Appraiser Board Temporary License Application, 40TLIC (rev. 4/09).

Real Estate Appraiser Board Temporary Appraiser License Application, 40TLIC (rev. 6/10).