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Arkansas Code Title 17. Professions, Occupations, and Businesses § 17-14-201. Creation--Composition

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(a) There is created the Arkansas Appraiser Licensing and Certification Board, to be composed of ten (10) members as follows:

(1) Seven (7) practicing certified or licensed appraisers as follows:

(A) At least five (5) of the appraiser members of the board shall be state-certified appraisers;

(B) No more than two (2) appraiser members shall reside in the same congressional district of the four (4) Arkansas congressional districts;  and

(C) The seven (7) practicing appraiser members shall be representative of the various disciplines found in the appraisal profession, including without limitation residential appraisal, commercial and industrial appraisal, forestry and timberland appraisal, rural appraisal, and any other appraisal discipline that may be affected by the Arkansas Appraiser Licensing and Certification Act, § 17-14-101 et seq., § 17-14-201 et seq., and § 17-14-301 et seq.;

(2) One (1) board member shall be a representative of financial institutions familiar with the appraisal process;

(3) One (1) senior citizen representative;  and

(4) One (1) consumer representative.

(b)(1) The Governor shall appoint the members of the board subject to confirmation by the Senate and may remove a member for cause.

(2) At least five (5) real estate appraiser members appointed to the board shall be members in good standing of:  

(A) A state or regional chapter of a nationally recognized real estate appraisal organization that requires an individual to have qualified appraisal experience, education, and testing in order to become a designated member and to adhere to standards of professional practice in order to retain such a designation;  or

(B) The Association of Consulting Foresters of America, Inc., Arkansas Chapter.

(c)(1)(A) The term of each appraiser board member shall be three (3) years.

(B) The financial member representative, the senior citizen representative, and the consumer representative shall have three-year terms.

(2) Upon expiration of their terms, members of the board shall continue to hold office until the appointment and qualification of their successors.

(3) No person shall serve as a member of the board for more than two (2) consecutive terms.

(d) The members of the board will select a state-certified appraiser chair.

(e) Each member of the board may receive expense reimbursement and stipends in accordance with § 25-16-901 et seq.

Cite this article: - Arkansas Code Title 17. Professions, Occupations, and Businesses § 17-14-201. Creation--Composition - last updated January 01, 2020 |

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