Form, size and contents of certificate, license or registration card; expiration and renewal.
1. The Division shall issue a certificate, license or registration card to each eligible person in the form and size prescribed by the Commission. A certificate, license or registration card must:
(a) Show the name and address of the appraiser or intern and the location of each place where he transacts business as an appraiser or intern;
(b) Have imprinted thereon the seal of the Commission; and
(c) Contain any additional matter prescribed by the Commission.
2. A certificate, license or registration card is valid for 2 years after the first day of the first calendar month immediately following the date it is issued.
3. If an appraiser fails to apply for the renewal of his certificate or license and pay the fee for renewal before the certificate or license expires, and then applies for renewal:
(a) No later than 1 year after the date of expiration, he must pay a fee equal to 150 percent of the amount otherwise required for renewal.
(b) Later than 1 year after the date of expiration, he must apply in the same manner as for an original certificate or license.
Last modified: February 27, 2006