KRS 324A.035: Administrative regulations to establish requirements for certification or

licensure.

(1) The board shall promulgate administrative regulations pursuant to this chapter and

in accordance with KRS Chapter 13A for certification or licensure of appraisers

who perform appraisals of real property in federally related transactions.

Requirements established by the board relating to appraisers of federally related

transactions shall not exceed the minimum requirements established by federal law

or regulation;

(2) The board shall promulgate administrative regulations in accordance with KRS

Chapter 13A for certification or licensure of appraisers of real property in

nonfederally related transactions. Appraisers who wish to be limited to appraisals of

nonfederally related transactions, and who have engaged in the appraisal of real

property for at least ten (10) years prior to April 7, 1992, shall be certified or

licensed as appraisers of nonfederally related transactions.

(3) The board shall establish by administrative regulations requirements for:

(a) Classifications of appraisers;

(b) Certification and licensure;

(c) Renewal, suspension, or revocation of certification or licensure;

(d) Standards of professional appraisal practice, including experience , education,

and ethics;

(e) Examination of applicants for certification or licensure; and

(f) Continuing education of appraisers.