The board may take disciplinary action under AS 08.01.075 or suspend or revoke a registration of a real estate appraisal management company if it finds that the
(1) company or a controlling person, employee, director, officer, or agent of a real estate appraisal management company has violated a provision of this chapter or a regulation adopted by the board under this chapter;
(2) company or a controlling person of the company has had a certificate to act as a real estate appraiser or a registration as a real estate appraisal management company denied, cancelled, suspended, revoked, put on probation, or surrendered in lieu of a pending revocation in any state;
(3) company fails to comply with the Uniform Standards of Professional Appraisal Practice under 12 U.S.C. 3339;
(4) company performs appraisal management services in a manner that causes injury or loss to the public;
(5) company has ceased to operate in the state as a real estate appraisal management company; or
(6) company used fraud, deception, misrepresentation, or bribery in securing a registration under this chapter.
Structure Alaska Statutes
Title 8. Business and Professions
Chapter 87. Real Estate Appraisers
Article 4. Prohibited Practices and Disciplinary Proceedings.
Sec. 08.87.200. Prohibited practices.
Sec. 08.87.210. Disciplinary proceedings.
Sec. 08.87.215. Prohibited practices; real estate appraisal management companies.
Sec. 08.87.220. Disciplinary proceedings; real estate appraisal management companies.