(a) Each application for a real estate appraiser certification, real estate appraiser trainee, or for the renewal therefore, shall be accompanied by a fee of Two Hundred Dollars ($200.00).

(b) If the Director determines that an applicant meets the qualifications and requirements of this Act and is otherwise qualified for certification, he or she shall issue a certificate to the applicant. Any certificate or renewal thereof shall remain in effect for two (2) years following the date of issuance unless revoked or suspended prior thereto.

(c) Every two (2) years each applicant for renewal of appraisal certification must demonstrate a minimum of twenty-eight (28) hours of education related to appraising, such education to be approved by the Director.

(d) Any practicing appraiser who fails or refuses, after thirty (30) days written notice from the Director, to apply for the renewal and pay the fee and all penalties imposed, shall be deemed to be practicing without a certificate and shall be subject to the penalties provided in this Act and any civil penalties.

(e) Any appraiser under this Act who fails to apply for the renewal of his or her certification and pay the fee thereof on or before the date of its expiration and who continues to perform or offers to perform the services of a certified real estate appraiser shall pay, in addition to the renewal fee, Five Hundred Dollars ($500.00) for each month or fraction thereof after the

COL 06112010
22 Guam Code Ann. BUSINESS REGULATIONS
CH. 30 REAL ESTATE APPRAISERS

expiration of his or her certification and before his or her certification shall be reinstated

SOURCE: Added by P.L. 21-28:13. Amended by P.L. 27-115: 6. Subsection (a)
repealed and reenacted by P.L. 29-002:V:I:100 (May 18, 2007).