Title 33, Professions And Occupations

Powers of the board; rulemaking authority. (a) The board shall: (i) Define by regulation each category of certified real estate appraiser, the type of educational experience, appraisal experience and equivalent experience that will meet the statutory requirements of this act; (ii…

Additional powers and duties of the board; disposition of fees. (a) The board shall: (i) Receive applications for permits and certification; (ii) Establish the administrative procedures for processing applications; (iii) Maintain a registry of the names and addresses of people ce…

Standards of professional certified appraisal practice. Each certified real estate appraiser issued a permit to practice under this act shall comply with the standards of professional appraisal practice and ethical rules specified by the Uniform Standards of Professional Appraisa…

Fees. Pursuant to W.S. 33-1-201, the board shall establish fees for examinations, original permits, temporary permits, renewals, change of place of business, certifications and change of contractual association. The fees shall be used to pay the expense of maintaining and operati…

Permit and temporary permit process. (a) Any person who desires to engage in the practice of certified real estate appraisal in this state or to practice as a certified appraiser trainee shall make application, in writing, on forms prescribed by the board. (b) Fees, as fixed by t…

Classes of permits. (a) There shall be the following classes of permits for certified real estate appraisers and temporary certified appraisers: (i) Certified residential real estate appraiser classification shall consist of those persons meeting the requirements for a permit rel…

Examination requirement. (a) An original permit as a certified real estate appraiser shall be issued to any person who has demonstrated through a written examination process that he possesses the following: (i) Knowledge of technical terms used in or related to real estate apprai…

Examination prerequisites. (a) Certified general classification. As a prerequisite to taking the examination for a permit to practice as a certified general real estate appraiser, an applicant shall have successfully completed a minimum number of classroom hours of courses in sub…

Experience requirement. (a) Certified general classification. An original permit to practice as a certified general real estate appraiser shall not be issued to any person who does not possess the minimum experience criteria as prescribed by the appraisal foundation in rule and a…

Term of permit. The term of a permit issued under the authority of this act shall be two (2) years from the date of issuance. The expiration date of the permit shall appear on the permit and no other notice of its expiration need be given to its holder.

Nonresident permit. (a) Prior to being issued a permit, every nonresident permittee shall file with the board a designation in writing which appoints the director of the board to act as his licensed agent upon whom all judicial and other process or legal notices directed to the p…

Nonresident permit by reciprocity. If the board determines that another jurisdiction has substantially equivalent requirements and reciprocity exists between the jurisdictions, an applicant from such other jurisdiction may obtain a permit to practice as a certified real estate ap…

Renewal permit. To obtain a renewal permit to practice as a certified real estate appraiser or certified appraiser trainee, the holder of a current permit shall make application and pay the prescribed fee to the board. With the application for renewal, the certified real estate a…

Basis for denial. The board may deny a permit as a certified real estate appraiser or certified appraiser trainee to an applicant on any of the grounds enumerated in this act.

Principal place of business; address. Each certified real estate appraiser or certified appraiser trainee holding a permit to practice under this act shall advise the board of the address of his principal place of business. Whenever a certified real estate appraiser or certified …

Use of designation. (a) The term "certified real estate appraiser" shall only be used to refer to individuals who hold permits under this act and may not be used following or immediately in connection with the name or signature of a firm, partnership, corporation, or group, or in…

Continuing education. (a) As a prerequisite to renewal of a permit, a certified real estate appraiser shall present evidence satisfactory to the board of having met the continuing education requirements of this act. (b) The basic continuing education requirement for renewal of a …

Disciplinary proceedings. (a) The board shall upon a written sworn complaint or may upon its own motion investigate the actions of any certified real estate appraiser or certified appraiser trainee and may impose an administrative fine not to exceed two thousand five hundred doll…

Hearing. The hearing on any charge of violation of W.S. 33-39-123 shall be at a time and place prescribed by the board and in accordance with the provisions of the Wyoming Administrative Procedure Act.

Retention of records. (a) A certified real estate appraiser shall retain, for at least seven (7) years, originals or true copies of all written contracts engaging his services for real estate appraisal work, and all reports and supporting data assembled and formulated by the appr…

Certified real estate appraiser education account created; initial monies; fees. (a) There is created a certified real estate appraiser education account which shall be under the direction of the board. (b) Every person obtaining or renewing a certified appraiser trainee or certi…

Enjoining violations of chapter. (a) Any person who violates or proposes to violate any provisions of this act, or any rules and regulations promulgated under this act, may be restrained or enjoined from the action at any time by an order issued by the district court. An action m…

Contested cases; independent hearing officers; appeals. (a) The board may contract with independent hearing officers to hear all contested cases arising under this act. The hearing officer shall not be an employee of the office of the attorney general, or an employee or member of…

Penalties. (a) Any person acting or purporting to act as a certified real estate appraiser without first obtaining a permit to practice under this act is guilty of a misdemeanor and upon conviction shall be punished by a fine of not more than one thousand dollars ($1,000.00) or b…

Noncertified person may not maintain action for fee. No action or suit shall be instituted, nor recovery be had, in any court of this state by any person for compensation for any act done or service rendered as a certified real estate appraiser, unless the person held a permit to…

Short title. This article shall be known as the "Wyoming Appraisal Management Company Registration and Regulation Act."

Definitions. (a) As used in this article: (i) "Appraisal" or "real estate appraisal" means as defined in W.S. 33-39-102(a)(i); (ii) "Appraisal firm" means a corporation, limited liability company, sole proprietorship or other entity that performs appraisal services and is one hun…

Registration required. (a) No person shall engage in the business or act in the capacity of an appraisal management company regarding property located in this state without an active Wyoming registration unless exempted from this article. Any person who engages in the business or…

Exemptions. (a) This article shall not apply to: (i) Any person that exclusively employs persons on an employer and employee basis for the performance of real estate appraisal services in the normal course of its business and the employer is responsible for ensuring that the real…

Forms. An applicant for registration as an appraisal management company in this state shall submit to the board an application on a form as prescribed by the board.

Expiration of registration. A registration granted by the board pursuant to this article shall be valid for one (1) year from the date on which it is issued.

Consent to service of process. Each entity applying for registration as an appraisal management company in this state shall complete an irrevocable "uniform consent to service of process" as prescribed by the board.

Fees. Pursuant to W.S. 33-1-201, the board shall establish fees for original registrations, renewals and certifications. The fees shall be used to pay the expense of maintaining and operating the office of the board and the enforcement of this article.

Owner requirements. (a) No appraisal management company shall be eligible for registration in this state if the company, in whole or in part, directly or indirectly, is owned by any person who has had an adverse action in any jurisdiction for a substantive cause as determined by …

Designated contact person. Each appraisal management company applying to the board for registration in this state shall designate one (1) contact person who will be the main contact for all communication between the board and the appraisal management company.

Designated contact person; requirements. (a) In order to serve as a contact person of an appraisal management company, a person shall: (i) Certify to the board that: (A) The person has never had an adverse action in this state or in any other jurisdiction; or (B) The adverse acti…

Employee requirements. (a) Any employee of the appraisal management company, or any person working on behalf of the appraisal management company, who has the responsibility of selecting independent appraisers for the performance of real estate appraisal services for the appraisal…

Limitations. An appraisal management company registered in this state pursuant to this article shall not enter into any contract or agreement with an independent appraiser for the performance of real estate appraisal services unless the appraiser holds an appraiser certificate in…

Pre-engagement certification. Each appraisal management company seeking to be registered or renew a registration in this state shall certify to the board on an annual basis on a form prescribed by the board that the appraisal management company has a system and process in place t…

Adherence to standards. (a) Each appraisal management company shall certify to the board on an annual basis that: (i) It has a system in place to review the work of all independent appraisers who are performing real estate appraisal services for the appraisal management company o…

Recordkeeping. Each appraisal management company shall certify to the board on an annual basis that it maintains a detailed record of each service request it receives and the name of the independent appraiser who performs the real estate appraisal services for the appraisal manag…

Registration number. (a) The board shall issue a unique registration number to each appraisal management company registered in this state pursuant to this article. (b) The board shall maintain and publish a list of the appraisal management companies registered in this state and t…

Appraiser independence; prohibitions. (a) It shall be unlawful for any employee, director, officer or agent of an appraisal management company registered in this state to influence or attempt to influence the development, reporting or review of an appraisal through coercion, exto…

Compensation of appraisers. An appraisal management company shall have a system in place to require that appraisals are conducted independently and free from inappropriate influence and coercion as required by the appraisal independence standards established under Section 129E of…

Statement of fees. (a) In reporting to a client, an appraisal management company shall separately state the fees: (i) Paid to an appraiser for the completion of an appraisal service; and (ii) Charged by the appraisal management company for appraisal management services. (b) An ap…

Mandatory reporting. An appraisal management company that has a reasonable basis to believe an appraiser is failing to comply with the Uniform Standards of Professional Appraisal Practice, is violating applicable laws, or is otherwise engaging in unethical or unprofessional condu…