A. Any license or certificate holder may request that the license or certificate be placed on inactive status by filing with the superintendent an application that includes all of the following:

Terms Used In Arizona Laws 32-3627

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • Appraisal: A determination of property value.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
  • Real estate: means an identified parcel or tract of land, including improvements, if any. See Arizona Laws 32-3601
  • real estate appraisal: means a statement that is independently and impartially prepared by an individual setting forth an opinion as to the market value of real property as of a specific date and supported by the presentation and analysis of relevant market information. See Arizona Laws 32-3601
  • Superintendent: means the superintendent of financial institutions. See Arizona Laws 32-3601

1. The license or certificate holder’s name.

2. The license or certificate number.

3. A request for inactive status.

B. The period a license or certificate is on inactive status under this section may not exceed two years.

C. A license or certificate holder who is on inactive status shall not do either of the following:

1. Represent that the license or certificate holder is an active appraiser licensed or certified in this state.

2. Perform real estate appraisals or appraisal reviews on real estate in this state.

D. A license or certificate holder who is on inactive status under this section must file with the superintendent an application for reactivation of the license or certificate before resuming real estate appraisal activity.

E. To return to active status, the inactive license or certificate holder shall do both of the following:

1. File with the superintendent an application for reactivation of the license or certificate.

2. Provide evidence of completion of the required continuing education that the license or certificate holder would have been required to meet during the period when the license or certificate holder’s license or certificate was on inactive status.

F. If the holder of an inactive license or certificate under this section does not file an application for reactivation within a two-year period, that person must reapply for licensure or certification pursuant to the requirements of this chapter.

G. A license or certificate holder who is on inactive status pursuant to this section remains on inactive status until the superintendent approves the application for reactivation of the license or certificate.

H. The superintendent may take disciplinary or remedial action against a license or certificate holder who is on inactive status pursuant to this section.

I. A license or certificate holder who places the holder’s license or certificate on inactive status must pay the renewal fee and complete an application for renewal as prescribed in section 32-3619.  The license or certificate holder on inactive status is not required to provide evidence of completion of the continuing education requirements until the application for reactivation is filed pursuant to subsection E of this section.