§ 5-20.7-5. Powers of the board.
The board shall:
(1) Establish criteria, standards, and requirements for the certifying and licensing of real estate appraisers, including, but not limited to, educational criteria, experience criteria, and examination requirements for certifying, licensing, and recertifying.
(2) Establish administrative procedures for disciplinary proceedings conducted pursuant to the provisions of this chapter and the board shall censure, suspend, and revoke certificates pursuant to the disciplinary proceedings established by the board.
(3) Have a policy-making role in the preparation and composition of the examinations to be administered by the department or its designee. Subsequent to the administration of the examination, the board shall review the examinations to evaluate their effectiveness.
(4) Supervise the operations in the department in an advisory capacity and promulgate any policy, procedures, and rules that are necessary to improve the operations of the department in their areas of expertise and to implement this chapter. The promulgation of those policies is subject to the approval of the director of the department.
(5) Provide any advisory opinions to the department that are necessary for the implementation of this chapter, title XI of the Federal Financial Institutions Reform, Recovery and Enforcement Act of 1989, 12 U.S.C. § 3331 et seq., as may be amended from time to time and with the federal regulatory standards promulgated thereunder, as well as any other standards of expertise and certification deemed appropriate by the board.
(6) [Deleted by P.L. 2014, ch. 92, § 2, and by P.L. 2014, ch. 93, § 2].
History of Section.P.L. 1990, ch. 424, § 1; P.L. 1991, ch. 294, § 1; P.L. 1992, ch. 275, § 1; P.L. 2014, ch. 92, § 2; P.L. 2014, ch. 93, § 2.
Structure Rhode Island General Laws
Title 5 - Businesses and Professions
Chapter 5-20.7 - Real Estate Appraiser Certification Act
Section 5-20.7-1. - Short title.
Section 5-20.7-2. - Definitions.
Section 5-20.7-3. - Certification required.
Section 5-20.7-5. - Powers of the board.
Section 5-20.7-6. - Powers of the department.
Section 5-20.7-7. - Examination requirements.
Section 5-20.7-8. - Classes of certification and licensing — Residential and general.
Section 5-20.7-9. - Requirements prior to certification or licensing examination.
Section 5-20.7-10. - Experience requirement.
Section 5-20.7-11. - Term of certification or license — Renewal.
Section 5-20.7-12. - Issuance of certificate or license — Certificate or license number.
Section 5-20.7-13. - Exclusive use of term.
Section 5-20.7-14. - Principal place of business.
Section 5-20.7-17. - Continuing education prerequisite to renewal.
Section 5-20.7-18. - Retention of records.
Section 5-20.7-19. - Standards of practice.
Section 5-20.7-20. - Revocation or suspension of certification or license.
Section 5-20.7-21. - Violations — Penalties.
Section 5-20.7-22. - Hearing before revocation or suspension; refusal of certification or licensing.
Section 5-20.7-23. - Severability.
Section 5-20.7-24. - Mortgage loan appraisers — Relationship with lending institution.
Section 5-20.7-25. - Effect of federal law.
Section 5-20.7-26. - Order to cease unsafe practices — Appeal.