Powers and Duties

The Director shall:

(a)receive applications for certification or license of appraisers;

(b)establish the procedure for processing applications made under this Act;

(c)retain all applications and other records submitted to him or her;

(d)maintain a registry of the names and addresses of persons certified under this Act;

(e)adopt, amend and repeal rules and regulations to implement and administer the provisions of this Act, including, without limitation, such rules and regulations as may be from time to time appropriate or necessary to insure that the certification and licensing requirements under this Act conform to such standard as may be established or approved by the Appraisal Subcommittee of the Federal Financial Institution Examination Council or by any successor entity thereto;

(f)establish and collect fees commensurate with the costs of certification and licensing;

(g)prescribe and administer additional experience and educational requirements for the licensed and certified classifications as established by the Appraisers Qualifications Board of the Appraisal Foundation and adopted by policy or rule pursuant to the Real Estate Appraisers Act,

(h)prescribe and administer examinations to qualified applicants and determine the acceptable level of performance on examinations;

(i)approve/disapprove applications for certification and license the same;

(j)review periodically the standards for developments and communications of appraisals and adopt rules explaining and interpreting such standards; COL 06112010 CH. 30 REAL ESTATE APPRAISERS

(k)establish suspend, revoke, or reprimand, suspension or revocation of certification and license;

(l)reprimand, suspend, revoke, or refuse to renew the certification or license of one who has violated the standards established for certified or licensed real estate appraisers;

(m)establish continuing education requirements that are conditions of certification renewal;

(n)perform the other duties necessary to implement this Act;

(o)establish an appropriate apprenticeship program to encourage and develop qualified appraisers; and

(p)develop rules and regulations on ethics of appraisers in their dealing with the public.