(a) Temporary licenses or certifications for such time as determined by the Board, may be awarded by the Board to nonresident appraisers who:(1) are licensed or certified in another state whose requirements have not resulted in a finding of “Poor” by the Appraisal Subcommittee and meet the requirements of Title XI of the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Public Law No. 101–73;(2) are conducting business of a temporary nature; and(3) register with the Real Estate Appraisers Board and pay the required fees determined by the Board.
(1) are licensed or certified in another state whose requirements have not resulted in a finding of “Poor” by the Appraisal Subcommittee and meet the requirements of Title XI of the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Public Law No. 101–73;
(2) are conducting business of a temporary nature; and
(3) register with the Real Estate Appraisers Board and pay the required fees determined by the Board.
(b) If, in the determination of the Board, an existing credential holder, in good standing in any jurisdiction, whose requirements for certification or licensing meet or exceed the licensure standards established by the Virgin Islands, the Board will issue a reciprocal certification or license.
(c) As a prerequisite to renewal of a real estate appraisal license, a licensed real estate appraiser, licensed for any classification under this chapter, shall present evidence satisfactory to the Board of having met the continuing education requirements as adopted by Board rule.No appraiser whose license or certification has been placed on inactive status, shall be allowed to reactivate a license or certification unless the provisions of this subsection are met in addition to any other requirements of this chapter.