yourstate.us

General Statutes of Connecticut Chapter 400g — Real Estate Appraisers and Appraisal Management Companies

Connecticut · statute · Conn. Gen. Stat. ch. 400g · 36 active provisions

36 active provisions.

Conn. Gen. Stat. § 20-500

Definitions

As used in this section and sections 20-501 to 20-529f, inclusive, unless the context otherwise requires: (1) “Appraisal” means the practice of developing, in conformance with the USPAP, an opinion of the value of real property. (2) “Appraisal Foundation” means the not-for-profit corporation referred to in Section 1121…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective
Conn. Gen. Stat. § 20-502

Real Estate Appraisal Commission

(a) There is created in the Department of Consumer Protection the Connecticut Real Estate Appraisal Commission. (b) The commission shall consist of eight persons, electors of the state, appointed by the Governor. Five of the members shall be certified appraisers. Three of the members shall be public members. Not more t…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective
Conn. Gen. Stat. § 20-503

Duties of the Real Estate Appraisal Commission

(a) Within thirty days after the appointment of the members of the commission, the commission shall meet in the city of Hartford for the purpose of organizing by selecting such officers other than a chairman as the commission may deem necessary and appropriate. A majority of the members of the commission shall constitu…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective
Conn. Gen. Stat. § 20-507

Certified appraiser or licensed provisional appraiser not considered an employee under section 31-275

A certified appraiser or licensed provisional appraiser shall not be considered an employee under the provisions of section 31-275 if substantially all of the remuneration for the services performed by such appraiser, whether paid in cash or otherwise, is directly related to sales or other output rather than to the num…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective
Conn. Gen. Stat. § 20-509

Certifications and provisional licenses. Issuance. Renewals. Competency. Application fees. Examination

(a) Certifications and provisional licenses issued under the provisions of sections 20-500 to 20-528, inclusive, shall be granted only to persons who bear a good reputation for honesty, truthfulness and fair dealing and who are competent to transact the business of a real estate appraiser in such manner as to safeguard…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective
Conn. Gen. Stat. § 20-511

Minimum requirements for appraiser certification or provisional license. Fees. Renewal. Notice and hearing

(a) In order to obtain an appraiser certification or a provisional license, each person who has met, to the satisfaction of the commission, the minimum requirements established by the commission for such certification or provisional license shall pay to the commission, in addition to the application fee described in su…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective
Conn. Gen. Stat. § 20-512

Regulations concerning approval of schools. Registration prior to offering approved courses. Fees. Course approval

(a) The Commissioner of Consumer Protection, with the advice and assistance of the commission, may adopt such reasonable regulations, in accordance with chapter 54, as the commissioner may deem necessary relating to the approval of schools offering courses in real estate appraisal principles and practice and related su…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective
Conn. Gen. Stat. § 20-514

Grounds for refusal of certification or provisional license

(a) No certification or provisional license, as the case may be, shall be denied by the commission under the provisions of sections 20-500 to 20-528, inclusive, to any applicant who has been convicted of forgery, embezzlement, obtaining money under false pretenses, extortion, criminal conspiracy to defraud, or other li…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective
Conn. Gen. Stat. § 20-515

Persons certified or provisionally licensed in another state. Consent to suits and actions. Fees. Regulations

(a) A person who is certified or provisionally licensed in another state as a real estate appraiser may become a certified or provisionally licensed real estate appraiser in this state by conforming to all of the provisions of sections 20-500 to 20-528, inclusive. The commission shall recognize a current, valid certifi…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective
Conn. Gen. Stat. § 20-516

Evidence of real estate appraiser status. Fee

(a) The Department of Consumer Protection shall issue to each certified and provisionally licensed appraiser a certificate or provisional license, as the case may be, in such size and form as it determines, evidencing the real estate appraiser's status. (b) A fee of twenty-five dollars shall be paid to the commission f…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective
Conn. Gen. Stat. § 20-517

Renewals. Continuing education requirements. Regulations. Certification

(a) There is hereby established an annual renewal certification and provisional license to be issued by the Department of Consumer Protection. (b) The commission shall authorize the Department of Consumer Protection to issue a renewal certification or provisional license, as the case may be, to any applicant who posses…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective
Conn. Gen. Stat. § 20-518

Suspension or revocation of certification or provisional license. Fines

The Department of Consumer Protection may, upon the request of the commission or upon the verified complaint in writing of any person, provided such complaint, or such complaint together with evidence, documentary or otherwise, represented in connection with such complaint, shall make out a prima facie case, investigat…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective
Conn. Gen. Stat. § 20-519

Notice and hearing. Refusal, suspension or revocation of certification or license

Before refusing, suspending or revoking any certification or provisional license, or imposing any fine, the commission shall give notice and afford an opportunity for hearing as provided in the regulations adopted by the Commissioner of Consumer Protection. Any such refusal, suspension or revocation of a certification…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective
Conn. Gen. Stat. § 20-523

Engaging in business without certification or provisional license. Misrepresentation. Hearing. Fines and civil penalties

(a) Any person who engages in the real estate appraisal business without obtaining a certification or provisional license, as the case may be, as provided in sections 20-500 to 20-528, inclusive, shall be: (1) Fined not more than one thousand dollars or imprisoned not more than six months or both; (2) subject to civil…

ConnecticutReal Estate Appraisers and Appraisal Management Companieseffective