(a) The Commission shall establish a Real Estate Appraisal Hearing Board.
(b) (1) The Hearing Board shall consist of 3 members of the Commission, appointed by the Commission.
(2) Of the 3 positions on the Real Estate Appraisal Hearing Board:
(i) 1 shall be a representative of a financial institution;
(ii) 1 shall be a consumer member; and
(iii) 1 shall be an appraiser with a level of licensure or certification at least equal to the individual subject to the disciplinary action.
(c) From among the members of the Hearing Board, the Commission shall designate a chairman.