324A.030 Assumption or use of title, designation, or abbreviation to create
518 words·~2 min read·
/ky/324a-030A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
impression of certification or licensure prohibited -- Powers of certified or
licensed appraiser -- Appraiser for Transportation Cabinet -- Prohibition
against certain activities by unlicensed persons.
(1)It shall be unlawful, unless certified or licensed by the board, for any person to:
(a)Assume or use any title, designation, or abbreviation likely to create the
impression that he or she holds a license or certificate issued by the board;
(b)Describe or refer to any appraisal or evaluation of real estate by the term,
"state certified," "state licensed," or words of substantially similar meaning; or
(c)Assume or use any title, designation, or abbreviation likely to create the
impression of certification or licensure by the state as a real estate appraiser
firm, partnership, or corporation.
(2)A certificate holder or licensee shall not assume or use any title, designation, or
abbreviation likely to create the impression of certification or licensure by the board
other than the correct type of certification or licensure.
(3)Each certificate holder or licensee who is a resident of Kentucky shall have and
maintain a definite place of business in this state, a current e-mail address, and a
current telephone number. A nonresident is not required to maintain an active place
of business in this state if a definite place of business is maintained in the state
where the nonresident resides. A nonresident shall maintain a current e-mail address
and a current telephone number.
(4)Failure by a certificate holder or licensee to notify the board of any change of
business address, change of company name, change of surname, change of phone
number, or change of e-mail address within thirty
(30)days of the change shall
result in a penalty not to exceed two hundred dollars ($200).
(5)In the case of the death of a certificate holder or licensee, the board may, in its
sound discretion, permit a suitable individual to complete the affairs and appraisal
assignments of the deceased.
(6)For any employee of the Transportation Cabinet whose job description includes real
estate appraisals which require certification, the Transportation Cabinet shall bear
the costs of initial application, examination, continued education, and annual
renewal.
(a)Those Transportation Cabinet employees serving as right-of-way agents or
supervisors, who actually perform on-site appraisals as part of their job
descriptions and who have obtained an appraiser certification under the
provisions of KRS 324A.010 to 324A.090, shall receive a five percent (5%)
salary increase effective January 1 following certification. Those right-of-way
agents or supervisors who received certification prior to January 1, 1991, shall
receive the salary increase effective January 1, 1991.
(b)The salary increases provided for in subsection
(a)of this section shall be
made within existing Transportation Cabinet appropriations.
(8)A person shall not provide appraisal, appraisal review, or appraisal consulting
assignments or perform any of the duties usually performed by a licensed or certified real property appraiser for a federally related transaction unless the person at the time holds a license or certification of real property appraiser issued and validly existing under the laws of the Commonwealth of Kentucky, as provided in this chapter.