§ 17-14-201 — Composition - Membership - Chair

(a) There is created the State Board of Appraisers, Abstracters, and Home Inspectors, to be composed of eleven (11) members as follows: (1) Five (5) practicing certified or licensed appraisers as follows: (A) At least four (4) of the appraiser members of the board shall be state-certified appraisers; (B) No more than two (2) appraiser members shall reside in the same congressional district of the four (4) Arkansas congressional districts; and (C) The five (5) practicing appraiser members shall be representative of the various disciplines found in the appraisal profession, including without limitation residential appraisal, commercial and industrial appraisal, forestry and timberland appraisal, rural appraisal, and any other appraisal discipline that may be affected by the Arkansas Appraiser Licensing and Certification Act, § 17-14-101 et seq., § 17-14-201 et seq., and § 17-14-301 et seq.; (2) One (1) representative of financial institutions familiar with the appraisal process; (3) One (1) senior citizen and consumer representative; (4) Three (3) registered home inspectors; and (5) One (1) person who is actively involved in the making of abstracts of real estate titles in the state or is knowledgeable about the abstract business for a minimum of (5) years before appointment. (b) (1) The Governor shall appoint the members of the board subject to confirmation by the Senate and may remove a member for cause. (2) At least four (4) real estate appraiser members appointed to the board shall be members in good standing of: (A) A state or regional chapter of a nationally recognized real estate appraisal organization that requires an individual to have qualified appraisal experience, education, and testing in order to become a designated member and to adhere to standards of professional practice in order to retain such a designation; or (B) The Association of Consulting Foresters of America, Inc., Arkansas Chapter. (c) (1) The term of each board member shall be three (3) years. (2) Upon expiration of their terms, members of the board shall continue to hold office until the appointment and qualification of their successors. (3) No person shall serve as a member of the board for more than two (2) consecutive terms. (d) The members of the board will select a chair. (e) Each member of the board may receive expense reimbursement and stipends in accordance with § 25-16-901 et seq.

Legislative History

Amended by Act 2023, No. 628,§ 24, eff. 7/1/2023. Amended by Act 2019, No. 514,§ 4, eff. 7/24/2019. Amended by Act 2017, No. 817,§ 1, eff. 8/1/2017. Amended by Act 2017, No. 252,§ 1, eff. 8/1/2017. Amended by Act 2015, No. 1156,§ 1, eff. 7/22/2015. Amended by Act 2015, No. 1100,§ 20, eff. 7/22/2015. Amended by Act 2015, No. 695,§ 4, eff. 3/25/2015. Amended by Act 2015, No. 695,§ 3, eff. 3/25/2015. Amended by Act 2015, No. 695,§ 2, eff. 3/25/2015. Amended by Act 2015, No. 695,§ 1, eff. 3/25/2015. Acts 1991, No. 416, §§ 3, 5; 1991, No. 541, §§ 3, 5; 1997, No. 250, § 123; 2001, No. 159, §§ 1, 2; 2009, No. 628, § 9.