Mississippi Administrative Code

1. Qualifying Education: Applicants for the Licensed Real Estate Appraiser credential must meet all education requirements established by the AQB. 2. Experience: Applicants for the Licensed Real Estate Appraiser credential must meet all experience requirements established by the …

1. Qualifying Education: Applicants for the State Certified Residential real estate appraiser credential must meet all education requirements established by the AQB. 2. Appraisers holding a State Certified General real estate appraiser credential satisfy the educational requireme…

1. Education: All applicants for a State Certified General real estate appraiser credential must meet all education requirements as established by the AQB. ** Note: The Mississippi Appraisal Board requires all individuals who apply for the State Certified General real estate appr…

The Board shall collect the following application/licensing fees : i. Application/State Exam $225.00 ii. Applications for Appraiser Trainee $ 50.00 iii. Applications pursuant Rule 9 (Licensees of Other State) $ 50.00 iv. Applications pursuant Rule 6 (Temporary Privilege) Temporar…

After passing both portions of the examination(s), an applicant must pay, within one hundred eighty (180) days from the examination date, the necessary fees to have their credential issued. If the appropriate fees are not paid within the stated 180 day time period, or unless exte…

The Mississippi Real Estate Appraiser Licensing and Certification Board shall elect a chairman and a vice-chairman who will serve in the absence of the chairman or at the discretion of the chairman. The election of officers shall be held annually in December. In the event of a va…

As a prerequisite to renewal of license, an active status licensed or certified appraiser whose license was issued or renewed prior to January 1, 1998 shall present evidence satisfactory to the Board that such appraiser has obtained twenty (20) hours of Board approved continuing …

1. Any course, which meets the educational requirements for licensing as set forth in Section 73-34 of the Mississippi Code of 1972, Annotated and the Administrative Rules and Regulations of the Mississippi Real Estate Appraiser Licensing and Certification Act, is deemed to be an…

1. Definitions: A provider is any person, partnership association, corporation, educational organization, or other entity which sponsors, offers, organized provides or promotes real estate appraiser continuing education courses. An instructor is a person who delivers educational …

1. A proposed continuing education course shall be an educational process or program which is related to real property appraisal theory, practices or techniques. Credit may be granted for educational offerings designed to maintain and increase the appraiser's skill, knowledge and…

Credit may also be awarded for up to one-half (1/2) of an individual(s) required continuing education in a "CE Cycle" for participation, other than as a student, in appraisal educational processes and programs. Examples of activities for which credit may be granted are teaching p…

The education and/or experience of the instructor must be appropriate to teach the subject matter of approved course. Notes 30 Miss. Code. R. 1501-5.6 Miss. Code Ann. §§ 73-34-9(1)(i), 73-34-33 Amended 10/28/2015 Amended 1/10/2020

1. Providers of continuing education courses shall furnish the Board with a class roster listing each attendee, in alphabetical order, within thirty (30) days of the completion of each course. 2. Providers will utilize a three-part certificate or its equivalent for the purpose of…

A real estate appraiser who is on active status and in good standing in a state other than Mississippi and who is Licensed or Certified by the appraiser licensing or certifying agency in such state may apply to receive temporary licensing or certification privileges in Mississipp…

1. Each appraisal assignment will require a temporary permit and no more than two (2) permits will be granted in a twelve (12) month period. 2. Licensing and certification privileges shall expire six (6) months from the date of issuance or upon the expiration of the appraiser's r…

The Board shall refer to the appraiser licensing or certifying agency in the registrant's resident state any verified complaint filed against the registrant alleging that the registrant has engaged in conduct violative of the Mississippi Real Estate Appraiser Licensing and Certif…

The Appraisal Subcommittee requires that each state submit a roster of individuals who have been Licensed or Certified. The annual registry fee which must be collected from each licensee is $40.00. This fee must be paid to the Board, upon notification, and within the deadline pro…

1. When a real estate appraisal is prepared by a real estate appraiser Licensed pursuant to § 73-34-17 of the Mississippi Real Estate Appraiser Licensing and Certification Act, the appraisal cannot become certified unless co-signed (co-authored) by a State Certified Residential r…

All appraisals prepared in connection with federally related transactions must be written appraisals. Notes 30 Miss. Code. R. 1501-8.2 Miss. Code Ann. §§ 73-34-9 Amended 10/28/2015 Amended 1/10/2020

A real estate appraiser who is currently Licensed or State Certified by the appraiser licensing or certifying agency in a state other than Mississippi, Territory or District of Columbia may apply and be granted an appraiser license or certification by Mississippi that is equivale…

As used in these rules, the following words and terms shall have the following meaning: 1. "AMC National Registry" means the national registry maintained by the ASC (Appraisal Subcommittee) of those Appraisal Management Companies (AMCs) that meet the federal definition of AMC, as…

1. Each Certificate of Registration issued by the MAB shall indicate on its face in clear and concise language the following information: (a) The name of the holder; (b) The Certificate of Registration number; (c) The dates of issuance and expiration of the document; and (d) Shal…

It shall be a violation of Sections 73-34-101 through 73-34-131 of the Board's laws for any employee, partner, director, officer or agent of an AMC to: 1. Influence or attempt to influence the development, reporting, result or review of an appraisal through coercion, extortion, c…

1. Notice. (a) Notwithstanding any provision of Miss. Code Ann. § 73-34-129, an AMC may not remove an appraiser from its appraiser panel, or otherwise refuse to assign requests for real estate appraisal services to an appraiser without written notice to the appraiser stating the …

1. An applicant for a Certificate of Registration as an Appraisal Management Company (AMC) shall apply by submitting a written application on the Board's prescribed form and shall be subject to approval by the Board. Applicant shall fully and accurately report all information and…

1. Each AMC applying for registration shall designate one (1) controlling person who is an employee of the AMC as its Designated Officer. The Designated Officer shall be the AMC's designated contact for all communications between the Board and the AMC. 2. The Designated Officer s…

1. Certificates of Registration may be renewed for a period of one (1) year. 2. To obtain renewal of any registration, the holder of a current, valid registration shall file an application for renewal on the Board's prescribed form no earlier than one hundred twenty (120) days no…

1. The fees required of all AMCs for initial registration or renewing a registration under the Mississippi Appraisal Management Registration Act are set forth below. 2. The MAB shall charge and collect fees as follows: (a) Certificate of Registration (Initial Registration and Ren…

1. All applicants for and holders of an AMC Certificate of Registration and their Designated Officer shall, within ten (10) days, submit written notice to MAB of any change to the following: (a) Name; (b) Residence address; (c) Business name; (d) Business address, (e) Business te…

1. Each owner of more than ten percent (10%) of an AMC shall be of good moral character as determined by the MAB pursuant to Miss. Code Ann. § 73-34-109(b), and shall submit to a background investigation authorized by the Board. 2. Background investigations shall be conducted by …

1. Each registrant shall maintain records as follows: (a) detailed record of each service request that it receives for appraisal of real property located in Mississippi, which shall include, but is not limited to: i. a copy of the letter of engagement between the registrant and t…

Each AMC shall certify on an annual basis: 1. That it has systems in place to verify that: (a) An individual on the appraiser panel has not had a license or certification as an appraiser refused, denied, cancelled, revoked or surrendered in lieu of a pending revocation in the pre…

1. In accordance with the laws of this state, and to the extent permitted by any applicable federal legislation or regulation, the Board may censure an AMC, conditionally or unconditionally suspend or revoke any registration issued, or deny renewal of any registration issued, or …

1. A complaint may be filed with the Board alleging that an AMC, an employee, partner, officer or agent of the AMC has committed a violation of the Board's laws and/or rules and regulations. The complaint must be in writing, signed by the complainant and contain facts to support …

1. If an investigation or information indicates that an AMC has committed a violation of the Board's laws and/or rules and regulations, adjudicatory and disciplinary proceedings may be initiated. 2. Before censuring any registrant, or suspending or revoking any registration the B…

The decision and order of the Board may be appealed in accordance with the applicable statutes. Notes 30 Miss. Code. R. 1502-3.4 Miss. Code Ann . § 73-34-43 (Rev. 2012). Amended 1/10/2020

1. On or after June 1, 2020, the Board will implement its program pursuant to authority of Miss. Code Ann. § 73-34-45(3) for collection and submission of the information required by the ASC to maintain the AMC Registry of Appraisal Management Companies (AMCs) that are required to…

1. On an annual basis, the Board shall transmit to the ASC the National Registry fee required by the ASC for appraisal management companies registered to conduct business in Mississippi. 2. On form(s) provided by the Board, each AMC registering for or renewing registration to con…

1. For purposes of access to AMC National Registry data, the Administrator of the Mississippi Real Estate Commission is designated as the Authorized Registry Official (ARO). 2. Pursuant to written policy established by the Board, the Authorized Registry Official (ARO) shall maint…

These rules apply to all oral proceedings held for the purpose of providing the public with an opportunity to make oral presentations on proposed new rules and amendments to rules before the Mississippi Real Estate Appraiser Licensing and Certification Board (Board). Notes 30 Mis…

The Board will conduct an oral proceeding on a proposed rule or amendment if requested by a political subdivision, an agency or ten (10) persons in writing within twenty (20) days after the filing of the notice of the proposed rule. Notes 30 Miss. Code. R. 1503-1.2 Miss. Code Ann…

Each request must be printed or typewritten, or must be in legible handwriting. Each request must be submitted on standard business letter-size paper (81/2 inches by 11 inches). Requests may be in the form of a letter addressed to the Board and signed by the requestor(s). Notes 3…

The date, time and place of all oral proceedings shall be filed with the Secretary of State's office and mailed to each requestor. The oral proceedings will be scheduled no earlier than twenty (20) days from the filing of this information with the Secretary of State. Notes 30 Mis…

The Board Administrator or his designee, who is familiar with the substance of the proposed rule, shall preside at the oral proceeding on a proposed rule. Notes 30 Miss. Code. R. 1503-1.5 Miss. Code Ann. § 25-43-3.104 (Rev. 2010).

1. At an oral proceeding on a proposed rule, persons may make oral statements and make documentary and physical submissions, which may include data, views, comments or arguments concerning the proposed rule. 2. Persons wishing to make oral presentations at such a proceeding shall…

1. Presiding Officer - The presiding officer shall have authority to conduct the proceeding in his or her discretion for the orderly conduct of the proceeding. The presiding officer shall: (a) call proceeding to order; (b) give a brief synopsis of the proposed rule, a statement o…

These rules set forth the Mississippi Real Estate Appraiser Licensing and Certification Board's (Board) rules governing the form, content and filing of requests for declaratory opinions, and the Board's procedures regarding the requests. These rules are intended to supplement and…