Title 5, Title 5 and Professions

(a) The term “state-certified real estate appraiser” may only be used to refer to individuals who hold the certificate and may not be used following or immediately in connection with the name or signature of a firm, partnership, corporation, or group; or in any manner that it mig…

(a) Each state-certified and licensed real estate appraiser shall advise the director of the address of his or her principal place of business and all other addresses at which he or she is currently engaged in the business of preparing real property appraisal reports. (b) Wheneve…

(a) The director is empowered and directed to establish a fee schedule for the application, review, examination, and reexamination of applicants for certification and licensing and for the issuance and renewal of certificates and for late fees; provided, that the annual fee for a…

(a) Every applicant for certification or licensing under this chapter who is not a resident of this state shall submit, with the application for certification or licensing, an irrevocable consent that service of process upon the applicant may be made by delivery of the process to…

(a) As a prerequisite to certificate or license renewal, a state-certified or licensed real estate appraiser shall present evidence satisfactory to the director of having met the continuing education requirements of this section. (b) The basic continuing education requirement for…

(a) A state-certified or licensed real estate appraiser shall retain for five (5) years originals or true copies of all written contracts engaging his or her services for real property appraisal work, and all reports and supporting data assembled and formulated by the appraiser i…

A state-certified or licensed real estate appraiser must comply with the uniform standards of professional appraisal practice promulgated by the appraisal standard board of the Appraisal Foundation.

When used in this chapter, unless the context indicates otherwise: (1) “Appraisal” or “real estate appraisal” means an analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real estate. An appraisa…

(a) The director of the department of business regulation may, upon his or her own motion or by recommendation of the board, and shall, upon the verified complaint, in writing, of any person setting forth a cause under this section, ascertain the facts and, if warranted, hold a h…

(a) Any person upon conviction of acting or representing themselves to be a state-certified or licensed real estate appraiser or performing the duties of a certified or licensed real estate appraiser as defined within this chapter without first obtaining a certification or licens…

(a) Before refusing to issue a certificate or license or suspending or revoking a certificate or license on its own motion, the director shall notify the applicant of his or her intended action and the grounds for the action. The applicant may, within twenty (20) days, file with …

If any provision of this chapter or the application of this chapter to any person or circumstances is deemed invalid, that invalidity does not affect other provisions or applications of the chapter that can be given effect without the invalid provision or application, and to this…

(a) Every bank, trust company, loan-investment company, mortgage company, and credit union or any other lending institution, that accepts an application for any residential mortgage loan or any commercial mortgage loan that requires an appraisal in order to process the loan is no…

Notwithstanding any provision in this chapter to the contrary, any applicable provisions of title XI of the federal “Financial Institutions Reform, Recovery & Enforcement Act of 1989 (FIRREA),” 12 U.S.C. § 3331 et seq., as may be amended from time to time, and any federal regulat…

If the department of business regulation has reason to believe that any person, firm, or corporation or association is conducting any activities requiring licensure or certification pursuant to this chapter without obtaining a license, or who after the denial, suspension, or revo…

(a) No person, other than persons certified or licensed in accordance with the provisions of this chapter, shall assume or use that title or any title, designation, or abbreviation likely to create the impression of certification as a real estate appraiser by this state. A person…

(a)(1) Within the department of business regulation, there is created the Rhode Island real estate appraisers board which shall consist of ten (10) members to be appointed by the governor. Six (6) of the board members shall be practicing appraisers and, for the initial board appo…

The board shall: (1) Establish criteria, standards, and requirements for the certifying and licensing of real estate appraisers, including, but not limited to, educational criteria, experience criteria, and examination requirements for certifying, licensing, and recertifying. (2)…

(a) The department shall have the following powers and duties: (1) Establish within the department an independent section named the real estate appraisers section, which shall operate independent of the real estate section; (2) Establish the examination specifications for certifi…

An original certification as a state-certified or licensed real estate appraiser shall not be issued to any person unless that individual has achieved a passing grade upon a suitable written examination that is consistent with and equivalent to the uniform state certification or …

(a) There are two (2) classes for state-certified real estate appraisers and two (2) classes of licensed real estate appraisers. (b) State-certified appraisers. (1) A state-certified residential real estate appraiser is a person who fulfills the requirements for certification for…

(a) Residential classification. As a prerequisite to taking the examination for certification as a state-certified residential real estate appraiser, an applicant shall present evidence satisfactory to the board that the applicant has successfully completed the required classroom…