The board may take disciplinary action under Alaska Stat. § 08.01.075 or suspend or revoke a registration of a real estate appraisal management company if it finds that the

(1) company or a controlling person, employee, director, officer, or agent of a real estate appraisal management company has violated a provision of this chapter or a regulation adopted by the board under this chapter;

Terms Used In Alaska Statutes 08.87.220

  • action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
  • Appraisal: A determination of property value.
  • Fraud: Intentional deception resulting in injury to another.
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(2) company or a controlling person of the company has had a certificate to act as a real estate appraiser or a registration as a real estate appraisal management company denied, cancelled, suspended, revoked, put on probation, or surrendered in lieu of a pending revocation in any state;
(3) company fails to comply with the Uniform Standards of Professional Appraisal Practice under 12 U.S.C. § 3339;
(4) company performs appraisal management services in a manner that causes injury or loss to the public;
(5) company has ceased to operate in the state as a real estate appraisal management company; or
(6) company used fraud, deception, misrepresentation, or bribery in securing a registration under this chapter.
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