18 Va. Admin. Code § 130-20-130

Current through Register Vol. 41, No. 10, December 30, 2024

Section 18VAC130-20-130 - Fees for renewal and reinstatement

A. All fees are nonrefundable.

B. National Registry fee assessment. In accordance with the requirements of § 1109 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (the Act), $80 of the biennial renewal or reinstatement fee assessed for all certified general real estate appraisers, certified residential real estate appraisers and, licensed residential real estate appraisers shall be submitted to the Appraisal Subcommittee. The registry fee may be adjusted in accordance with the Act and charged to the licensee.

Renewal and reinstatement fees for a certified general real estate appraiser, a certified residential real estate appraiser, a licensed residential real estate appraiser and an appraiser trainee include a $37.50 fee for a copy of the Uniform Standards of Professional Appraisal Practice. This fee is subject to the fee charged by the Appraisal Foundation and may be adjusted and charged to the applicant in accordance with the fee charged by the Appraisal Foundation.

C. Renewal fees are as follows:

Certified general real estate appraiser	$205
Certified residential real estate appraiser	$205
Licensed residential real estate appraiser	$205
Appraiser trainee	$125
Registered business entity	$120
Certified instructor	$150

For licenses expiring on May 31, 2023, and before May 1, 2025, the renewal fees are as follows:

Certified general real estate appraiser	$140
Certified residential real estate appraiser	$140
Licensed residential real estate appraiser	$140
Appraiser trainee	$60
Registered business entity	$25
Certified instructor	$25

D. Reinstatement fees are as follows:

Certified general real estate appraiser	$385
Certified residential real estate appraiser	$385
Licensed residential real estate appraiser	$385
Appraiser trainee	$250
Registered business entity	$280
Certified instructor	$300

For licenses expiring on May 31, 2023, and before May 1, 2025, the reinstatement fees shall be as follows:

Certified general real estate appraiser	$320
Certified residential real estate appraiser	$320
Licensed residential real estate appraiser	$320
Appraiser trainee	$155
Registered business entity	$185
Certified instructor	$25

18 Va. Admin. Code § 130-20-130

Derived from VR583-01-03 §3.4, eff. April 15, 1992; amended, Virginia Register Volume 11, Issue 4, eff. January 1, 1995; Volume 13, Issue 8, eff. March 1, 1997; Volume 15, Issue 14, eff. May 1, 1999; Volume 28, Issue 4, eff. January 1, 2012; Volume 29, Issue 4, eff. January 1, 2013; Amended, Virginia Register Volume 31, Issue 20, eff. 8/1/2015; Amended, Virginia Register Volume 34, Issue 09, eff. 2/1/2018; Amended, Virginia Register Volume 37, Issue 16, eff. 5/1/2021; Amended, Virginia Register Volume 39, Issue 16, eff. 5/1/2023.

Statutory Authority: §§ 54.1-201 and 54.1-2013 of the Code of Virginia.