Effective - 28 Aug 2012
339.509. Commission, powers and duties. — The commission shall have the following powers and duties:
(1) To establish educational programs and research projects related to the appraisal of real estate;
(2) To establish administrative procedures for processing applications and issuing trainee licenses, certificates of state-certified real estate appraisers, licenses of state-licensed real estate appraisers, and licenses of appraisal management companies, and for conducting disciplinary proceedings pursuant to the provisions of sections 339.500 to 339.549 or as required by federal law or regulation; and shall have authority to determine who meets the criteria for certification and licensure, and shall have authority to renew, censure, suspend or revoke certifications and licenses;
(3) To further define by regulation, with respect to each category of trainee, state-certified real estate appraiser, and for state-licensed real estate appraisers and for appraisal management companies, the type of educational experience, appraisal experience and equivalent experience, and other criteria that will meet the statutory requirements of sections 339.500 to 339.549 or as required by federal law or regulation; provided that such standards shall be equivalent to the minimum criteria for certification and licensure issued by the appraiser qualifications board of the appraisal foundation and the provisions of section 339.517 or as required by federal law or regulation;
(4) To further define by regulation, with respect to each category of trainee, state-certified real estate appraiser, and for state-licensed real estate appraisers, the continuing education requirements for the renewal of certification and licensure that will meet the statutory requirements provided in section 339.530 or as required by federal law or regulation;
(5) To adopt standards for the development and communication of real estate appraisals and to adopt regulations explaining and interpreting the standards; provided that such standards shall meet the standards specified by the appraisal standards board of the appraisal foundation or as required by federal law or regulation;
(6) To establish an examination for each category of state-certified real estate appraiser, and for state-licensed real estate appraisers, to provide or procure appropriate examination questions and answers, and to establish procedures for grading examinations; provided that such standards for examinations for certification shall meet the minimum criteria specified by the appraiser qualifications board of the appraisal foundation or as required by federal law or regulation;
(7) To maintain a registry of the names and addresses of trainees, state-certified real estate appraisers, state-licensed real estate appraisers, and appraisal management companies;
(8) To perform such other functions and duties as may be necessary to carry out the provisions of sections 339.500 to 339.549 or to comply with the requirements of federal law or regulation; and
(9) To establish by rule the standards of practice for appraisal management companies.
--------
(L. 1990 H.B. 1456 § 6, A.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.