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.
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