                                 CODE OF VIRGINIA

GENERAL POWERS OF REAL ESTATE APPRAISER BOARD; REGULATIONS; EDUCATIONAL
REQUIREMENTS FOR LICENSURE (§ 54.1-2013)

The Board shall have all of the powers of a regulatory board under Chapter 2 (§
54.1-200 et seq.). The Board may do all things necessary and convenient for
carrying into effect the provisions of this chapter, Chapter 20.2 (§ 54.1-2020
et seq.), and all things required or expected of a state appraiser certifying
and licensing agency under Title 11 of the Financial Institutions Reform,
Recovery and Enforcement Act of 1989 (12 U.S.C. § 3331 et seq.). The Board
shall promulgate necessary regulations.
		The Board shall include in its regulations educational and experience
requirements as conditions for licensure, provisions for the supervision of
appraiser practices, provisions for the enforcement of standards of professional
appraiser practice, and provisions for the disposition of referrals of improper
appraiser conduct from any person or any federal agency or instrumentality. This
paragraph shall not be construed to limit the powers and authority of the Board.
		The Board may set different education and experience requirements for licensed
residential real estate appraisers, certified residential real estate
appraisers, and certified general real estate appraisers. All applicants for
licensure under this chapter shall meet applicable educational and experience
requirements prior to licensure.
		Applicants for licensure as a certified residential real estate appraiser or a
certified general real estate appraiser shall successfully complete an
examination administered or approved by the Board prior to licensure. The Board
may set different examination requirements for certified residential real estate
appraisers and certified general real estate appraisers. The Board may require
that licensed residential real estate appraisers successfully complete an
examination administered or approved by the Board prior to licensure or prior to
the renewal of an initial license.
		All regulations established by the Board shall satisfy any minimum criteria
that are necessary in order that the federal financial institution&#8217;s
regulatory agencies recognize and accept licenses for licensed residential real
estate appraisers, certified residential real estate appraisers, certified
general real estate appraisers, and appraisal management companies issued by the
Board.

HISTORY: 1990, c. 459; 1992, c. 68; 1993, c. 539; 2010, c. 91; 2014, c. 210.