Section 50. Qualifications for temporary licensure

An individual who is currently licensed or certified as a real estate appraiser in another jurisdiction may obtain a temporary Virginia real estate appraiser's license as required by Section 1121 of the Federal Financial Institutions Reform, Recovery and Enforcement Act of 1989, 12 USCS § 1811.

The appraiser's permanent certification or license issued by another state shall be recognized as equivalent to a Virginia license provided that:

1. The appraiser's business is of a temporary nature, and is limited to one specific assignment not to exceed 12 months. A specific assignment may include multiple properties. The temporary assignment must be complete prior to the expiration date of the permanent certification or license issued by another state.

2. The applicant shall, as part of the application, verify that the applicant has read and understands the Virginia real estate appraiser license law and the regulations of the Real Estate Appraiser Board.

3. The applicant shall be in good standing as a licensed or certified real estate appraiser in every jurisdiction where licensed or certified; the applicant may not have had a license or certification as a real estate appraiser which was suspended, revoked, or surrendered in connection with a disciplinary action.

4. The applicant shall be of good moral character, honest, truthful, and competent to transact the business of a real estate appraiser in such a manner as to safeguard the interest of the public.

5. The applicant may not have been convicted, found guilty or pled guilty, regardless of adjudication, in any jurisdiction of a misdemeanor involving moral turpitude or of any felony. Any plea of nolo contendere shall be considered a conviction for purposes of this subdivision. A certified copy of a final order, decree, or case decision, by a court with the lawful authority to issue such order, decree, or case decision shall be admissible as prima facie evidence of such conviction.

6. Applicants for licensure who do not meet the requirements set forth in subdivisions 3 and 5 of this section may be approved for licensure following consideration by the board.

Applicants for temporary licensure shall verify the above information on an application form provided by the board. A temporary license cannot be renewed. More than one temporary license may be issued per year.

Historical Notes

Derived from VR583-01-03 § 2.4, eff. April 15, 1992; amended, Volume 11, Issue 04, eff. January 1, 1995; Volume 19, Issue 18, eff. July 1, 2003.

Statutory Authority

§§ 54.1-201 and 54.1-2013 of the Code of Virginia.