Offices of appraiser; change in name of business or location of office; record of appraisals; notices to Division.
1. An appraiser shall maintain a principal office for the transaction of his business as an appraiser. If he maintains additional offices in this state, he must obtain a duplicate certificate or license from the Division for each additional office. The appraiser shall display his certificate or license conspicuously in each of his offices.
2. An appraiser shall give written notice to the Division and surrender his certificate or license within 10 days after any change in the name of his business or the location of an office. Upon the surrender of the certificate or license and the payment of the appropriate fee, the Division shall issue a certificate or license valid for the remaining period of the original certificate or license.
3. An appraiser shall maintain a record of each appraisal he prepares for not less than 5 years after completion of the appraisal, and notify the Division of the location where the record is stored and of any change in that location.
4. Failure to give any notice pursuant to this section is cause for the revocation or suspension of the certificate or license or placement of the certificate or license on inactive status.
Last modified: February 27, 2006