(a) In order to obtain an appraiser certification or a provisional license, each person who has met, to the satisfaction of the commission, the minimum requirements established by the commission for such certification or provisional license shall pay to the commission, in addition to the application fee described in subsection (c) of section 20-509, an initial fee of: Three hundred seventy-five dollars in the case of certified appraisers and one hundred dollars in the case of provisional licensees.
Terms Used In Connecticut General Statutes 20-511
- Appraisal: A determination of property value.
(b) All certifications and provisional licenses issued under the provisions of sections 20-500 to 20-528, inclusive, shall expire annually and be subject to renewal. The renewal fee for certifications and provisional licenses, to be paid to the commission, shall be: Two hundred eighty-five dollars in the case of certified appraisers and one hundred dollars in the case of provisional licensees.
(c) In order for the commission to comply with federal law and transmit a roster of real estate appraisers to the appropriate federal regulatory entity, certified real estate appraisers shall pay to the Commissioner of Consumer Protection, in addition to application and recordation fees, an annual registry fee established by the appraisal subcommittees of the Federal Financial Institutions Examination Council.
(d) Any certification or provisional license that expires pursuant to this section may be reinstated by the commission, if, not later than two years after the date of expiration, the former certification holder or provisional licensee pays to the commission all past due fees for each year or fraction thereof from the date of expiration of the previous certification or provisional license to the date of payment for reinstatement, except that any certified or provisionally licensed appraiser whose certification or provisional license expired after entering military service shall be reinstated without payment of any fee if an application for reinstatement is filed with the commission within two years after the date of expiration. Any such reinstated certification or provisional license shall expire annually. Any such reinstated certification or provisional license shall be subject to an annual renewal thereafter.
(e) Any person whose application has been filed as provided in this section and section 20-509 who is refused a certification or provisional license shall be given notice and afforded an opportunity for hearing as provided in the regulations adopted by the Commissioner of Consumer Protection.