Current through December 3, 2024
Section 230-RICR-30-20-1.7 - Term of Licenses/RenewalsA. Every certificate or license issued pursuant to R.I. Gen. Laws § 5-20.7-1, et seq., shall be for a term of two (2) years from the date of issuance. The expiration date of the certificate or license shall appear on the certificate or license. No other notice of its expiration need be given to the holder thereof.B. Every person certified or licensed pursuant to R.I. Gen. Laws § 5-20.7-1, et seq., who desires to renew the certification or license shall apply for the renewal of the license or certification upon a form to be furnished by the Department, which shall contain whatever information the Department requires. Any renewal of a certification or license shall be subject to the same provisions and requirements covering issuance, suspension, and revocation of any certification or license as originally issued.C. Any person who otherwise satisfies the renewal requirements for a license or certification may renew a license or certification within one (1) year after its expiration date thereof for a reinstatement fee of thirty ($30) dollars, in addition to the required renewal fee.D. Any person seeking to reinstate a license after expiration must affirm by affidavit that he or she has not engaged in any unlicensed real estate appraisal activity since the expiration of the license.E. If a person has engaged in unlicensed real estate appraisal activity pursuant to R.I. Gen. Laws § 5-20.7-1, et seq., the person must file an affidavit with the Department listing all such unlicensed activity. The Department shall review the affidavit submitted and may either levy a sanction upon a determination that the license may be reinstated or decide not to reinstate the license.230 R.I. Code R. 230-RICR-30-20-1.7