324A.065 Fees -- Disposition of fee -- Exceptions.
327 words·~1 min read·
/ky/chapter-324a/324a-065A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The board shall establish by regulation and collect the following fees for
certification or licensure as an appraiser for:
(a)Federally related transactions:
1. Initial application fee in an amount not to exceed two hundred dollars
($200);
2. Examination fee in an amount not to exceed two hundred dollars ($200);
3. a. An annual certificate or licensure fee in an amount not to exceed
two hundred dollars ($200);
b. Duplicate certificate fee in an amount not to exceed ten dollars
($10); and
c. Certificate correction fee in an amount not to exceed ten dollars
($10);
4. Roster fee not to exceed fifty dollars ($50); and
5. Returned check fee not to exceed fifty dollars ($50); and
(b)Nonfederally related transactions:
1. An annual certificate or licensure renewal fee in an amount not to
exceed one hundred dollars ($100); and
2. Certificate correction fee in an amount not to exceed five dollars ($5).
(2)The board shall, through the promulgation of an administrative regulation, establish
and collect the following fees from education providers for review and approval of
prelicensure and continuing education courses offered by education providers for
licensure as an appraiser:
(a)For prelicensure education course review, a fee not to exceed one hundred
dollars ($100); and
(b)For continuing education course review, a fee not to exceed fifty dollars ($50).
(a)All fees and charges collected by the board under the provisions of this
chapter shall be paid into the Real Estate Appraisers Board's trust and agency
account in the State Treasury.
(b)All expenses incurred by the board under the provisions of this chapter,
including compensation to the board members and staff, shall be paid out of
this account, subject to approval of the board.
(c)The provisions of this subsection shall not apply to the fee charged pursuant to
KRS 324A.155, which is required to be included in the appraisal management
company recovery fund and which shall be paid into that fund.