Section 10. Certification renewal, licensure renewal and records.
(a) Renewal term.--
(1) Except as provided under paragraph (2), renewal of certification or licensure shall be on a biennial basis for persons in good standing.
(2) The board may prescribe limitations on the number of times a licensed appraiser trainee may renew a license.
(b) Continuing education for residential and general appraisers.--The board shall by regulation require evidence of professional activity or continuing education as a condition of certification renewal of residential and general appraisers if, and only to the minimum extent, required pursuant to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (Public Law 101-73, 103 Stat. 183). No credit shall be given for any course in office management or practice building.
(b.1) Continuing education for broker/appraisers.--Broker/appraisers shall be subject to the same continuing education requirements for certification renewal as residential and general appraisers. The board shall have the power and authority to promulgate regulations to prescribe evidence of continuing education required for certification renewal pursuant to this section.
(b.2) Continuing education for licensed appraiser trainees.--Licensed appraiser trainees shall be subject to the same continuing education requirements for licensure renewal as residential and general appraisers, but any qualifying education completed after the issuance of the license and during the biennial licensure period may also be applied to satisfy the licensed appraiser trainee's continuing education requirements under this subsection. ((b.2) added July 7, 2016, P.L.472, No.72)
(c) Records.--A record of all persons licensed as appraiser trainees and all persons certified as real estate appraisers in this Commonwealth shall be kept in the office of the board, shall be open to public inspection and copying upon payment of a nominal fee for copying the record and shall be accessible on the board's Internet website. Each certificateholder and licensee shall advise the board of the address of his or her principal place of business.
(10 amended Oct. 9, 2008, P.L.1380, No.103)