Non-resident Certification

(a)Based upon the premise that the appraiser=s home state=s certification program has not been disapproved by the Appraisal Subcommittee of the Federal Financial Institutions Examination Council (FFIEC), a non-resident may be certified as a real estate appraiser upon compliance with all the provisions and conditions of this Act. Any person who is certified to practice real estate appraising in another state, or territory of the United States, or in the District of Columbia, who, in the opinion of the Director, meets the qualifications and requirements for certification in Guam, shall be entitled to receive a certificate under this Act, upon COL 06112010 CH. 30 REAL ESTATE APPRAISERS submission of a duly certified copy of his or her certification from such other state, or territory of the United States, or from the District of Columbia, and any other information the Director may require, and the payment of the appropriate fee; provided, however, that the laws of such state, or territory of the United States, or of the District of Columbia, accord equal reciprocal rights to a certified real estate appraiser in good standing in Guam who desires to practice his or her profession in such state, or territory of the United States, or in the District of Columbia; provided, that no proceeding is pending against such appraiser under this Act or is unresolved. In any such application for a certificate, all questions of the academic and experience requirements of other states, or territories of the United States, or of the District of Columbia, shall be determined by the Director, and at the discretion of the Director, the reciprocal or non-resident appraisal applicant must comply with additional requirements specified by the Director in his regulations.

(b)A non-resident appraiser shall not be required to maintain a place of business in Guam if he or she maintains an active place of business in the state of domicile. Every non-resident appraiser shall file an irrevocable consent agreeing that in lawsuits and actions arising out of any appraisal work performed in Guam, the service of legal process on the Director shall be valid and binding in all courts as if due service of process had been made directly upon the non-resident appraiser in Guam. In case any such process is served upon the Director, he or she shall forward a copy of the process, by registered mail, to the main office of the licensee against which the process is directed.

(c)The Director shall issue to any certified real estate appraiser of Guam who is in good standing in Guam in accordance with regulations issued by the Director, a Certificate of Good Standing upon payment of a fee in an amount provided in the regulations.

(d)The Director is authorized to enter into reciprocity agreements with other states including the Commonwealth of the Northern Mariana Islands, for the licensing of Licensed Appraiser and Certified Appraiser, upon the condition that each party to the reciprocity agreement shall:

(1)readily accept other states== certifications and licenses without the reexamination of applicants== underlying education and experience, provided that the other state:

(a)has appraiser qualification criteria that meet or exceed the minimum standards for certification and licensure COL 06112010 CH. 30 REAL ESTATE APPRAISERS as adopted by the Appraiser Qualifications Board (AQB); and

(b)uses appraiser certification or licensing examinations that are endorsed by AQB.;

(2)eliminate testing, provided that the applicant has passed the appropriate AQB endorsed appraiser certification and licensing examinations in the appraiser=s home state;

(3)recognize and accept successfully completed continuing education courses taken to qualify for license or certification renewal in the appraiser==s home state; and

(4)the licensing fees or certification fees are identical in amount to the corresponding fees for Guam licensed or certified appraisers