Advanced Search

Section: 339.0511 Classifications of certification and licensure for appraisers and management companies--application--qualifications--continuing education requirements. RSMO 339.511


Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
Missouri Revised Statutes













Chapter 339

Real Estate Agents, Brokers, Appraisers and Escrow Agents

←339.509

Section 339.511.1

339.513→

August 28, 2015

Classifications of certification and licensure for appraisers and management companies--application--qualifications--continuing education requirements.

339.511. 1. There shall be six classes of licensure for individuals

including:



(1) State-licensed appraiser trainee;



(2) State-licensed real estate appraiser;



(3) State-certified residential appraiser trainee;



(4) State-certified residential real estate appraiser;



(5) State-certified general appraiser trainee; and



(6) State-certified general real estate appraiser.



2. There shall be one class of license for appraisal management

companies.



3. Persons desiring to obtain licensure as a state-licensed appraiser

trainee, state-licensed real estate appraiser, state-certified residential

appraiser trainee, certification as a state-certified residential real

estate appraiser, state-certified general appraiser trainee, or

state-certified general real estate appraiser shall make written

application to the commission on such forms as are prescribed by the

commission setting forth the applicant's qualifications for licensure or

certification and present to the commission satisfactory proof that the

person is of good moral character and bears a good reputation for honesty,

integrity and fair dealing.



4. Each applicant for licensure as a state-licensed appraiser

trainee, state-licensed real estate appraiser, a state-certified

residential appraiser trainee, a state-certified residential real estate

appraiser, a state-certified general appraiser trainee, or a

state-certified general real estate appraiser shall have demonstrated the

knowledge and competence necessary to perform appraisals of residential and

other real estate as the commission may prescribe by rule not inconsistent

with any requirements imposed by the appraiser qualifications board. The

commission shall prescribe by rule procedures for obtaining and maintaining

approved courses of instruction. The commission shall, also, prescribe the

hours of training in real estate appraisal practices and the minimum level

of experience acceptable for licensure or certification.



5. Persons who receive certification after March 30, 1991, or who

have a state license or certificate to engage in business as a real estate

appraiser issued by the commission, shall receive the same license or

certificate from the commission as such persons are currently holding

without further education, experience, examination or application fee, but

shall be required to meet all continuing education requirements prescribed

by the commission.



6. Appraisal management companies desiring to obtain licensure shall:



(1) Make application to the commission on such forms as are

prescribed by the commission setting forth the applicant's qualifications

for licensure;



(2) Remit the fee or fees as established by rule;



(3) Post with the commission and maintain on renewal a surety bond in

the amount of twenty thousand dollars as further promulgated by rule; and



(4) Submit to the commission satisfactory proof that any controlling

person, defined in section 339.503, is of good moral character and bears a

good reputation for honesty, integrity, and fair dealing.



(L. 1990 H.B. 1456 § 7, A.L. 1998 H.B. 1601, et al., A.L. 2012 H.B.

1103)





1998



1998



339.511. 1. There shall be three classes of licensure:







(1) State-licensed real estate appraiser;







(2) Certified residential real estate appraiser; and







(3) Certified general real estate appraiser.



2. Persons desiring to obtain licensure as a state-licensed real estate

appraiser or certification as a certified residential or certified general

real estate appraiser shall make written application to the commission on

such forms as are prescribed by the commission setting forth the applicant's

qualifications for licensure or certification and present to the commission

satisfactory proof that the person is of good moral character and bears a

good reputation for honesty, integrity and fair dealing.



3. Each applicant for licensure as a state-licensed real estate

appraiser, a state-certified residential real estate appraiser or a

state-certified general real estate appraiser shall have demonstrated the

knowledge and competence necessary to perform appraisals of residential and

other real estate as the commission may prescribe by rule not inconsistent

with any requirements imposed by the appraiser qualifications board. The

commission shall prescribe by rule procedures for obtaining and maintaining

approved courses of instruction. The commission shall, also, prescribe the

hours of training in real estate appraisal practices and the minimum level of

experience acceptable for licensure or certification.



4. Persons who receive certification after March 30, 1991, or who have a

state license or certificate to engage in business as a real estate appraiser

issued by the commission, shall receive the same license or certificate from

the commission as such persons are currently holding without further

education, experience, examination or application fee, but shall be required

to meet all continuing education requirements prescribed by the commission.



Top



Missouri General Assembly



Copyright © Missouri Legislature, all rights reserved.