The Real Estate Appraiser Advisory Board consists of 15 members appointed by the commissioner of commerce. Three of the members must be public members, four must be consumers of appraisal services, and eight must be real estate appraisers of whom not less than two members must be trainee real property appraisers, licensed real property appraisers, or certified residential real property appraisers, not less than two members must be certified general real property appraisers, and not less than one member must be certified by the Appraisal Qualification Board of the Appraisal Foundation to teach the Uniform Standards of Professional Appraisal Practice. The board is governed by section 15.0575.
The term of office for members is three years.
Upon expiration of their terms, members of the board shall continue to hold office until the appointment and qualification of their successors. No person may serve as a member of the board for more than two consecutive terms. The commissioner may remove a member for cause.
The public members of the board may not be engaged in the practice of real estate appraising.
Places of regular board meetings must be decided by the vote of members. Written notice must be given to each member of the time and place of each meeting of the board at least ten days before the scheduled date of regular board meetings. The board shall establish procedures for emergency board meetings and other operational procedures, subject to the approval of the commissioner.
The members of the board shall elect a chair from among the members to preside at board meetings.
A quorum of the board is eight members.
The board shall meet at least once every six months as determined by a majority vote of the members or a call of the commissioner.
Each member of the board is entitled to a per diem allowance of $35 for each meeting of the board at which the member is present and for each day or substantial part of a day actually spent in the conduct of the business of the board, plus all appropriate expenses unless a greater amount is authorized by section 15.0575.
NOTE: The amendment to subdivision 1 by Laws 2009, chapter 63, section 62, is effective July 1, 2010. Laws 2009, chapter 63, section 78.