Effective - 28 Aug 2012
339.501. Licensure or certification of real estate appraisers required, exceptions. — 1. Beginning July 1, 1999, it shall be unlawful for any person in this state to act as a real estate appraiser, or to directly or indirectly, engage or assume to engage in the business of real estate appraisal or to advertise or hold himself or herself out as engaging in or conducting such business without first obtaining a license or certificate issued by the Missouri real estate appraisers commission as provided in sections 339.500 to 339.549.
2. Except for licenses issued to appraisal management companies under section 339.511, no license or certificate shall be issued pursuant to sections 339.500 to 339.549 to a partnership, association, corporation, firm or group; except that, nothing in this section shall preclude a state-licensed or state-certified real estate appraiser from rendering appraisals for, or on behalf of, a partnership, association, corporation, firm or group, provided the appraisal report is prepared by, or under the immediate personal direction of the state-licensed or state-certified real estate appraiser and is reviewed and signed by such state-licensed or state-certified appraiser.
3. Any person who is not state licensed or state certified pursuant to sections 339.500 to 339.549 may assist a state-licensed or state-certified real estate appraiser in the performance of an appraisal; provided that, such person is personally supervised by a state-licensed or state-certified appraiser and provided further that any appraisal report rendered in connection with the appraisal is reviewed and signed by the state-licensed or state-certified real estate appraiser.
4. Nothing in sections 339.500 to 339.549 shall abridge, infringe upon or otherwise restrict the right to use the term "certified ad valorem tax appraiser" or any similar term by persons performing ad valorem tax appraisals.
5. The provisions of sections 339.500 to 339.549 shall not be construed to require a license or certificate for:
(1) Any person, partnership, association or corporation who, as owner, performs appraisals of property owned by such person, partnership, association or corporation;
(2) Any licensed real estate broker or salesperson who prepares a comparative market analysis or a broker price opinion;
(3) Any employee of a local, state or federal agency who performs appraisal services within the scope of his or her employment; except that, this exemption shall not apply where any local, state or federal agency requires an employee to be registered, licensed or certified to perform appraisal services;
(4) Any employee of a federal or state-regulated lending agency or institution;
(5) Any agent of a federal or state-regulated lending agency or institution in a county of third or fourth classification.
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(L. 1998 H.B. 1601, et al., A.L. 2012 H.B. 1103)
Structure Missouri Revised Statutes
Title XXII - Occupations and Professions
Chapter 339 - Real Estate Agents, Brokers, Appraisers and Escrow Agents
Section 339.010 - Definitions — inapplicability of chapter.
Section 339.020 - Brokers and salespersons, unlawful to act without license.
Section 339.030 - Business entities may be licensed, when, fee.
Section 339.045 - Real estate schools — accreditation — registration — fee, how determined.
Section 339.050 - Form of application.
Section 339.060 - Fees, amount, set how — term of licenses.
Section 339.080 - Denial of application or license, when, notice — hearing.
Section 339.090 - License of nonresident — fee — reciprocity — rulemaking authority.
Section 339.110 - Refusal of licenses, when.
Section 339.125 - Rulemaking procedure.
Section 339.130 - Legal status of commission.
Section 339.170 - Penalty for violation.
Section 339.190 - Real estate licensee, immunity from liability, when.
Section 339.200 - Prohibited acts — investigation may be initiated, when, procedure.
Section 339.500 - Citation of law.
Section 339.501 - Licensure or certification of real estate appraisers required, exceptions.
Section 339.503 - Definitions.
Section 339.509 - Commission, powers and duties.
Section 339.517 - Examination required, when — rules authorized, invalid, when.
Section 339.529 - Addresses and changes of addresses, procedure — duties of notification.
Section 339.531 - Complaint procedure — effective date.
Section 339.533 - Authority of commission, oaths and subpoenas.
Section 339.535 - Compliance with uniform standards required.
Section 339.544 - Rulemaking authority.
Section 339.545 - Commission to issue certificates and licenses.
Section 339.546 - Violations of law — criminal penalties.
Section 339.549 - Violation of law — civil penalties — injunctions, venue.
Section 339.710 - Definitions.
Section 339.755 - Duties and obligations of transaction broker.
Section 339.760 - Written agreement, adoption by designated broker, scope.
Section 339.790 - Commencement of agreement, when — duties after termination of agreement.
Section 339.840 - Supersession of agency law, no limitation of civil actions.
Section 339.845 - Notice of delinquent taxes to be sent by commission.
Section 339.850 - Rules and regulations, promulgation, authority.