Sec. 08.87.220. Disciplinary proceedings; real estate appraisal management companies.

189 words·~1 min read·/ak/title-8/chapter-87/08-87-220

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The board may take disciplinary action under AS 08.01.075 or suspend or revoke a registration of a real estate appraisal management company if it finds that the

(1)company or a controlling person, employee, director, officer, or agent of a real estate appraisal management company has violated a provision of this chapter or a regulation adopted by the board under this chapter;

(2)company or a controlling person of the company has had a certificate to act as a real estate appraiser or a registration as a real estate appraisal management company denied, cancelled, suspended, revoked, put on probation, or surrendered in lieu of a pending revocation in any state;

(3)company fails to comply with the Uniform Standards of Professional Appraisal Practice under 12 U.S.C. 3339;

(4)company performs appraisal management services in a manner that causes injury or loss to the public;

(5)company has ceased to operate in the state as a real estate appraisal management company; or

(6)company used fraud, deception, misrepresentation, or bribery in securing a registration under this chapter.

Article 5. General Provisions.