Section 73-34-9 - Powers and duties of board; immunity of members of board(1) The board shall have the following powers and duties: (a) To receive applications for licensure as a real estate appraiser and applications for registration as an appraisal management company under this chapter; to establish appropriate administrative procedures for the processing of those applications; to approve or disapprove applications for licensing or registration under this chapter; to issue licenses to qualified applicants under the provisions of this chapter; and to maintain a registry of the names and addresses of individuals who are currently licensed under this chapter.(b) To administer licensing examinations in the places and at the times as may be required to carry out its responsibilities under this chapter.(c) To collect all licensing fees required or permitted by this chapter.(d) To take appropriate action upon a decision and the related findings of fact made by the board if, after an administrative hearing, the board (i) determines that a licensed appraiser or a licensed state certified real estate appraiser under this chapter has violated the standards of appraisal practice or ethical rules established under Section 73-34-37, or has committed one or more of the acts that are prohibited by Section 73-34-35, and (ii) recommends that the license of the appraiser be suspended or revoked, that renewal be denied, or that some other disciplinary action be taken.(e) To solicit bids and enter into contracts.(f) To promote research and conduct studies relating to the profession of real estate appraising and sponsor real estate appraisal educational activities.(g) To adopt rules and regulations for the administration of this chapter that are not inconsistent with the provisions of this chapter or the Constitution and laws of Mississippi or of the United States.(h) To employ an administrator or director who shall keep a record of all proceedings, transactions, communications and official acts of the board and perform any other duties as the board may require.(i) To employ an appropriate staff to investigate allegations that licensed appraisers or licensed state certified real estate appraisers under this chapter failed to comply with the terms or provisions of this chapter.(j) To employ any other professional, clerical and technical assistance as may be necessary to properly administer the work of this chapter.(k) To be responsible for matters relating to real estate appraisal standards, real estate appraiser qualifications, testing standards and appraisal management companies and enforce the same through its disciplinary functions.(l) To hold meetings; to hold public hearings and administrative hearings; and to prepare examination specifications for licensed appraisers and licensed state certified appraisers.(m) To enable the board to carry out its responsibilities under this chapter with respect to licensing and registering, the board shall have: (i) The power to compel the attendance of witnesses;(ii) The power to require a licensed appraiser or an applicant for licensure to produce books, appraisal documents, records and other papers;(iii) The power to administer oaths; and(iv) The power to take testimony and receive evidence concerning all matters within its jurisdiction. These powers may be exercised directly by the board in such manner as the board shall determine.
(n) To establish appropriate administrative procedures for disciplinary proceedings conducted under the provisions of this chapter.(o) To keep a record of its proceedings and issue an annual report of its activities.(p) To further define by rule or regulation, and with respect to each of the categories of licensed appraiser, the type of educational experience, appraisal experience and equivalent experience that will meet the statutory requirements of this chapter and of the Appraiser Qualifications Board.(q) To approve or disapprove applications for licensing or registration under this chapter.(r) To suspend or revoke licenses or registrations under the disciplinary proceedings provided for in this chapter.(s) To present an annual budget to the Mississippi Legislature for approval.(t) To implement all requirements directed by the Appraiser Qualifications Board, Appraisal Subcommittee of the Federal Financial Institutions Examination Council or their designated agent.(u) To make rules and regulations providing for an inactive license or registration status and for the reactivation thereof.(v) To make rules and regulations necessary to implement its powers and duties under this chapter.(w) To do all other things necessary to carry out the provisions of this chapter.(x) To adopt rules consistent with the provisions of this chapter which may be reasonably necessary to implement, administer and enforce the provisions of this chapter.(y) To provide for at least one (1) member of the board to represent the appraisal management company industry.(z) To establish the standard for measuring residential properties up to four (4) family buildings as promulgated by the American National Standards Institute or as provided in the American Measurement Standard Manual. The board shall require appraisals required to use those standards to indicate on the appraisal or separately appended document which standard was used.(aa) To conduct surveys as necessary.(bb) To administer and enforce the provisions of Sections 73-60-1 through 73-60-47 regarding home inspectors.(2) The members of the board shall be immune from any civil action or criminal prosecution for initiating or assisting in any lawful investigation of the actions of or participating in any disciplinary proceeding concerning an appraiser licensed under this chapter, provided that the action is taken without malicious intent and in the reasonable belief that the action was taken in accordance with the powers and duties vested in the members of the board under this chapter. Laws, 1990, ch. 576, § 5; Laws, 1993, ch. 559, § 3, eff. 4/9/1993. .Amended by Laws, 2024, ch. 376, SB 2788,§ 21, eff. 7/1/2024.Amended by Laws, 2023, ch. 501, SB 2673,§ 5, eff. 7/1/2023.Amended by Laws, 2019, ch. 390, SB 2697,§ 4, eff. 7/1/2019.Amended by Laws, 2014, ch. 535, SB 2671, 1, eff. 7/1/2014.Amended by Laws, 2011, ch. 458, HB 1337, 18, eff. 12/1/2013.