Section 08.87.220 - Disciplinary proceedings; real estate appraisal management companies The board may take disciplinary action under AS 08.01.075 or suspend or revoke a registration of a real estate appraisal management company if it finds that the
(1) company or a controlling person, employee, director, officer, or agent of a real estate appraisal management company has violated a provision of this chapter or a regulation adopted by the board under this chapter;(2) company or a controlling person of the company has had a certificate to act as a real estate appraiser or a registration as a real estate appraisal management company denied, cancelled, suspended, revoked, put on probation, or surrendered in lieu of a pending revocation in any state;(3) company fails to comply with the Uniform Standards of Professional Appraisal Practice under 12 U.S.C. 3339;(4) company performs appraisal management services in a manner that causes injury or loss to the public;(5) company has ceased to operate in the state as a real estate appraisal management company; or(6) company used fraud, deception, misrepresentation, or bribery in securing a registration under this chapter.Added by SLA 2018, ch. 67,sec. 6, eff. 1/1/2019.