§ 3321 - Renewals - Vermont Statutes

§ 3321. Renewals

(a) A license issued under this chapter shall be renewed biennially upon payment of the required fee and upon satisfactory completion of continuing education requirements during the immediately preceding two-year period.

(b) If an individual fails to renew in a timely manner, he or she may renew the license within 30 days of the renewal date by satisfying all the requirements for renewal and payment of an additional late renewal penalty.

(c) The board may renew the license of an individual whose license has lapsed for more than 30 days upon payment of the renewal fee, the reinstatement fee and the late renewal penalty, provided the individual has satisfied all the requirements for renewal. The board shall ensure that an applicant for reinstatement under this subsection is professionally qualified.

(d) The board may require, by rule, as a condition of renewal, that an applicant undergo review of one or more aspects of the applicant's professional work in the practice of real estate appraising provided that no applicant may be reviewed more than once every two years and that the manner and performance results of the review be specified by the board. Such a review requirement shall:

(1) be adopted reasonably in advance of the time when it is first required to be met; and

(2) provide for compliance if the applicant shows that within the two years preceding renewal, the applicant underwent a satisfactory quality review for other purposes and that review was substantially equivalent to a review required under this section. (Added 1989, No. 264 (Adj. Sess.), § 1; amended 1993, No. 217 (Adj. Sess.), §§ 11, 12.)