WILLIAM DONALD SCHAEFER, Governor Ch. 594
ESTATE APPRAISAL THEORY AND PRACTICE; AND

(II) 15 CLASSROOM HOURS OF STUDY ABOUT THE
STANDARDS OF CONDUCT THAT THE COMMISSION ADOPTS UNDER §
15.5-208 OF THIS TITLE; AND

(3) ARE CONDUCTED BY:

(I) AN ACCREDITED UNIVERSITY, COLLEGE, OR
COMMUNITY OR JUNIOR COLLEGE;

(II) AN APPROVED APPRAISAL SOCIETY, INSTITUTE, OR
ASSOCIATION; OR

(III) ANOTHER SCHOOL THAT THE COMMISSION
APPROVES.

(E) EXCEPT AS OTHERWISE PROVIDED IN THIS SUBTITLE, THE
APPLICANT SHALL PASS AN EXAMINATION GIVEN BY THE COMMISSION
UNDER THIS SUBTITLE.

(F) (1) IF AN APPLICANT IS NOT A RESIDENT OF THE STATE, THE
APPLICANT SHALL SUBMIT TO THE COMMISSION AN IRREVOCABLE
CONSENT, AS PROVIDED UNDER THIS SUBSECTION.

(2) THE CONSENT REQUIRED UNDER THIS SECTION SHALL
SPECIFY THAT SERVICE OF PROCESS ON THE SECRETARY SHALL BIND
THE APPLICANT IN ANY ACTION ABOUT THE PROVISION OF REAL
ESTATE APPRAISAL SERVICES BROUGHT AGAINST THE APPLICANT IN
ANY COUNTY OF THE STATE.

(G) THE COMMISSION MA¥ SHALL ADOPT ADDITIONAL
REQUIREMENTS UNDER THIS SECTION IF NECESSARY TO COMPLY WITH
THE MINIMUM REAL ESTATE APPRAISER QUALIFICATIONS ESTABLISHED
UNDER THE FEDERAL FINANCIAL INSTITUTIONS REFORM ACT,
RECOVERY, AND ENFORCEMENT ACT OF 1989.

(H) THE COMMISSION MAY MONITOR AND REVIEW ANY COURSE
OF STUDY APPROVED UNDER THIS SECTION.

15.5-303.

(A) AN APPLICANT FOR A LICENSE SHALL:

(1) SUBMIT TO THE COMMISSION AN APPLICATION ON THE
FORM THAT THE COMMISSION PROVIDES; AND

(2) PAY TO THE COMMISSION AN APPLICATION FEE AS
ESTABLISHED BY THE COMMISSION.

(B) THE COMMISSION MAY REQUIRE AN APPLICANT TO BE
FINGERPRINTED.

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