Current through Register Vol. XLI, No. 50, December 13, 2024
Section 190-1-7 - Penalty7.1. An individual acting as a licensed real estate appraiser without first obtaining the appropriate license is guilty of a misdemeanor, and, upon conviction, shall be fined not less than five hundred dollars ($500.00) nor more than one thousand dollars ($1000.00). The individual is also ineligible to obtain a valid license for a period of one year from the date of the conviction: Provided that, the Board may grant a license to such person within the one-year period upon application and payment of fees, upon a finding of extenuating circumstances, and after an administrative hearing.7.2. Any person acting as a certified real estate appraiser without first obtaining a valid certification is guilty of a misdemeanor and, upon conviction, shall be fined not more than two thousand five hundred dollars ($2500.00), imprisoned in the county jail for not more than one year, or both. The individual is also ineligible to obtain a valid certification for a period of one year from the date of the conviction: Provided that, the Board may grant a certification to such person within the one-year period upon application and payment of fees, upon a finding of extenuating circumstances, and after an administrative hearing.7.3. If any individual receives money or anything else of value as a fee, commission, compensation or profit while in violation of these rules, the individual shall, in the addition to those penalties set forth in subsection 7.1 and 7.2 of this rule, be subject to a penalty not less than the amount of the remuneration received nor more than three times such sum, as determined by a court of competent jurisdiction, which penalty may be enforced in a court of competent jurisdiction by any person aggrieved by the violation.