West Virginia Code of State Rules Agency 189 - Property Valuation Training And Procedures Commission

West Virginia CSR Title 190 – Real Estate Appraiser Licensing and Certification Board

The West Virginia Code of State Rules Title 190 governs the regulation, licensing, certification, education, examination, and discipline of real estate appraisers within West Virginia. It is administered by the Real Estate Appraiser Licensing and Certification Board.

Below is a detailed explanation of the relevant rule series and their content.

Series 190-1: Definitions

This series provides standard definitions used throughout the other series. Examples include:

“Board” – Refers to the Real Estate Appraiser Licensing and Certification Board.

“Appraisal” – The act or process of developing an opinion of value for real property.

“Licensee” – A person licensed or certified under these rules.

“USPAP” – The Uniform Standards of Professional Appraisal Practice.

Series 190-2: Licensing and Certification Requirements

This rule outlines the requirements for becoming licensed or certified as a real estate appraiser.

Sections Overview:

Application Requirements:

Applicants must submit forms provided by the Board.

Must include evidence of education, experience, and successful exam completion.

Education Requirements:

Must complete specific hours of appraisal coursework.

Courses must cover subjects such as:

Basic appraisal principles

Market analysis

Report writing

Highest and best use analysis

Uniform Standards of Professional Appraisal Practice (USPAP)

Experience Requirements:

Requires verifiable hours of actual appraisal work.

Must be performed under the supervision of a certified appraiser.

Must include a variety of property types and approaches to value.

Examination Requirements:

Applicants must pass an exam administered or approved by the Board.

Exam content is based on the required knowledge and USPAP compliance.

Licensing Categories:

Licensed Residential Appraiser

Certified Residential Appraiser

Certified General Appraiser

License Renewal:

Periodic renewal is required (e.g., biennially).

Continuing education is mandatory for renewal.

Late renewal may incur penalties or reinstatement procedures.

Series 190-3: Continuing Education

This rule governs the continuing education (CE) required to maintain a license.

Key Points:

CE Hours Required:

Licensees must complete a set number of hours (e.g., 28 hours per 2-year cycle).

USPAP update courses are mandatory within each cycle.

Approved Courses:

Must be pre-approved by the Board.

May include classroom, online, or seminar formats.

Course Content:

Must be related to appraisal theory, ethics, law, or methodology.

Non-Compliance:

Failure to complete CE can result in denial of license renewal or disciplinary action.

Series 190-4: Investigations and Disciplinary Procedures

This rule governs how the Board handles complaints, investigations, and disciplinary actions.

Complaint Procedures:

Complaints must be submitted in writing.

Anonymous complaints may be accepted but must include credible evidence.

The Board initiates an investigation upon receiving a complaint.

Investigations:

The Board assigns an investigator or committee to review the complaint.

The licensee may be asked to respond in writing.

The Board may conduct interviews or review appraisal reports.

Disciplinary Actions:

If violations are found, actions may include:

Reprimand

Suspension

Revocation

Fines

Mandatory education

Due Process:

The licensee is entitled to a hearing.

The Board must notify the licensee of allegations, rights, and procedures.

Decisions are made based on the record developed at the hearing.

Sanctions Are Based On:

Ethical violations

Incompetence

Negligence

Misrepresentation

USPAP violations

Criminal convictions related to appraisal work

Series 190-5: Temporary Permits

This series outlines rules for issuing temporary practice permits to out-of-state appraisers.

Permit Terms:

Permits are issued to qualified appraisers from other jurisdictions to perform specific assignments in West Virginia.

Limited to a specific property, client, or time period.

Must comply with the same rules and standards as in-state licensees.

Series 190-6: Appraisal Management Companies (AMCs)

This rule governs the registration and conduct of Appraisal Management Companies operating in West Virginia.

AMC Registration:

AMCs must register with the Board.

Must provide ownership information and proof of compliance with ethical standards.

AMC Duties:

Ensure appraisers are qualified and independent.

Maintain a panel of certified/licensed appraisers.

Ensure compliance with USPAP and payment timelines.

Series 190-7: Fees

This rule establishes the fees charged by the Board.

Examples of Fees:

Application fee

Examination fee

Renewal fee

Late renewal fee

Reinstatement fee

AMC registration fee

Fees must be paid in full for processing to proceed. Failure to pay may result in denial or suspension.

Summary Table

Rule SeriesContent
190-1Definitions used throughout Title 190
190-2Licensing and certification requirements (education, exams, experience)
190-3Continuing education requirements
190-4Complaint handling, investigations, disciplinary procedures
190-5Temporary practice permits for out-of-state appraisers
190-6Regulation of Appraisal Management Companies
190-7Fee schedules and payment rules

LEAVE A COMMENT

0 comments