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§ 858-824. Appraiser removed from appraiser panel

Oklahoma Statutes AnnotatedTitle 59. Professions and OccupationsEffective: November 1, 2019

Oklahoma Statutes Annotated
Title 59. Professions and Occupations (Refs & Annos)
Chapter 20. Oklahoma Real Estate License Code
Article VIII. Oklahoma Appraisal Management Company Regulation Act
Effective: November 1, 2019
59 Okl.St.Ann. § 858-824
§ 858-824. Appraiser removed from appraiser panel
Currentness
A. An AMC shall not remove an appraiser from its appraiser panel, or otherwise refuse to assign requests for real estate appraisal services to an appraiser without:
1. Notifying the appraiser in writing of the reasons why the appraiser is being removed from the appraiser panel of the AMC;
2. Providing an opportunity for the appraiser to respond to the written notification of the AMC either personally or through legal counsel; and
3. If the appraiser is being removed from the panel for illegal conduct, violation of the USPAP, or a violation of the Oklahoma Certified Real Estate Appraisers Act1 or the rules promulgated thereunder, providing notice to the appraiser and to the Oklahoma Real Estate Appraiser Board detailing allegations of fact and alleged violations of standards or laws.
B. An appraiser that is removed from the appraiser panel of an AMC for alleged illegal conduct, violation of the USPAP, or violation of the Oklahoma Certified Real Estate Appraisers Act or the rules promulgated thereunder, may file a complaint with the Board for a review of the decision of the AMC, except that in no case shall the Board make any determination regarding the nature of the business relationship between the appraiser and the AMC which is unrelated to the actions specified in subsection A of this section.
C. If an appraiser files a complaint against an AMC pursuant to subsection B of this section, the Board shall adjudicate the complaint within one (1) year.
D. If after opportunity for hearing and review, the Board determines that an appraiser did not commit a violation of law, a violation of the USPAP, or a violation of the Oklahoma Certified Real Estate Appraisers Act or the rules promulgated thereunder, the Board shall order that an appraiser be promptly reinstated to the appraiser panel of the AMC that was the subject of the complaint, without prejudice.
E. Following the adjudication of a complaint to the Board by an appraiser against an AMC, an AMC may not refuse to make assignments for real estate appraisal services to an appraiser, or reduce the number of assignments, or otherwise penalize the appraiser, if the Board has found that the AMC acted improperly in removing the appraiser from the appraiser panel and ordered the appraiser's reinstatement.

Credits

Laws 2010, c. 364, § 24, eff. Jan. 1, 2011; Laws 2019, c. 90, § 8, eff. Nov. 1, 2019.

Footnotes

1
Title 59, § 858-700 et seq.
59 Okl. St. Ann. § 858-824, OK ST T. 59 § 858-824
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document