Section 12 AAC 70.920 - Courtesy license(a) The board or the board's designee in the department will issue a courtesy license to a nonresident who is a certified or credentialed real estate appraiser in another state and who meets the requirements of this section.(c) A courtesy license is valid for one appraisal assignment, not to exceed 180 consecutive days. However, upon request the board will grant one 30-day extension. A person may be issued no more than two courtesy licenses in a 12-month period.(d) An applicant for a courtesy license shall submit(1) a completed application on the forms provided by the department;(2) any fees required in 12 AAC 02.370;(3) evidence of a certificate or an applicant's credentials as a real estate appraiser in good standing from another state.(4) an address for service of process; and(5) evidence of a contract to provide appraisal for the appraisal assignment under (c) of this section.(f) The board's designee in the department shall issue a courtesy license within five days after receipt of the materials and fees required in (d) of this section unless those application materials indicate disciplinary action in another state.(g) The board's designee in the department shall forward any courtesy license application and accompanying materials that indicate disciplinary action in another state to the board for its consideration to grant or deny the courtesy license.(h) In compliance with 12 U.S.C. 331- 3351 (Title XI, Financial Institutions Reform, Recovery and Enforcement Act of 1989), the board or the board's designee in the department will issue a courtesy license to a credentialed nonresident of this state for the purpose of providing appraisal services for federally-related transactions in this state.(i) In this section "credentialed" means a licensed or certified appraiser in good standing in another state.Eff. 7/16/92, Register 123; am 12/13/94, Register 133; am 12/30/99, Register 152; am 2/13/2002, Register 161; am 4/16/2004, Register 170; am 9/14/2012, Register 203; am 3/5/2023, Register 245, April 2023Authority:AS 08.01.062
AS 08.87.020