HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
This is an obsolete version of the rule. Please click on the rule number to view the current version.

24.207.401    FEES

(1) The following fees shall apply to all licensed and certified real estate appraisers, trainees, and applicants. Fees are not refundable or transferable. Fees are not prorated for portions of the year.

(a) original license application $475

(b) address change or change of business 45

(c) temporary practice permits for out-of-state licensed or certified appraisers 250

(d) course approval per course payable by course provider 300

(e) course renewal approval per course 300

(f) upgrade or downgrade fee 300

(g) Applicants and renewing licensed or certified appraisers must pay a federal registry fee in the amount required by the Appraisal Subcommittee of the Federal Financial Institutions Examination Council in accordance with Title XI of the Federal Financial Institutions Reform, Recovery, and Enforcement Act. The current federal registry fee is specified in the application and renewal forms and can be found by a link from the board's web site.

(h) inactive license fee 225

(i) license by credentialing 475

(j) license or certification renewal fee 475

(k) original trainee license 400

(l) trainee renewal fee 400

(m) mentor endorsement application fee 200

(n) reactivation fee (inactive to active status) 250

(2) The following fees apply to registered appraisal management companies and applicants for registration. Fees are not refundable or transferable. Fees are not prorated for portions of the year.

(a) original application and license fee 2000

(b) appraisal management company address change, (including web site, e-mail, telephone, fax, etc.) 45

(c) application for change in controlling person 500

(d) application for redesignation of controlling person 250

(e) application for change in contact person under 37-54-504, MCA 100

(f) renewal fee for appraisal management company with 200 or fewer engagements during previous renewal cycle 1000

(g) renewal fee for appraisal management company with more than 200 engagements during previous renewal cycle 3000 

(h) fee for filing amended appraiser panel list 25

(i) application to change business structure with addition or substitution of ten percent owner 250

(j) application to change business structure without addition or substitution of ten percent owner 45

(k) Applicants and renewing appraisal management companies must pay a federal registry fee in the amount required by the Appraisal Subcommittee of the Federal Financial Institutions Examination Council in accordance with Title XI of the Federal Financial Institutions Reform, Recovery, and Enforcement Act. The current federal registry fee is specified in the application and renewal forms and can be found by a link from the board's web site.

(l) All audited registered appraisal management companies shall pay an audit fee in the amount of $450 within 30 days of receiving notification of selection for audit. If the board incurs costs in excess of $450, the board may assess the appraisal management company for such additional costs incurred, and the appraisal management company shall pay such assessments within 30 days of invoicing or as allowed by the board.

(3) Additional standardized fees are specified in ARM 24.101.403.

History: 37-1-131, 37-1-134, 37-54-105, MCA; IMP, 37-1-131, 37-1-134, 37-1-141, 37-54-105, 37-54-112, 37-54-212, 37-54-302, 37-54-310, MCA; NEW, 1991 MAR p. 1924, Eff. 10/18/91; AMD, 1992 MAR p. 1612, Eff. 7/31/92; AMD, 1993 MAR p. 2775, Eff. 11/25/93; AMD, 1994 MAR p. 1584, Eff. 6/10/94; AMD, 1997 MAR p. 308, Eff. 2/11/97; AMD, 1999 MAR p. 1657, Eff. 7/23/99; AMD, 2000 MAR p. 3521, Eff. 12/22/00; TRANS, from Commerce, 2001 MAR p. 1331; AMD, 2002 MAR p. 911, Eff. 3/29/02; AMD, 2004 MAR p. 79, Eff. 1/16/04; AMD, 2006 MAR p. 765, Eff. 3/24/06; AMD, 2006 MAR p. 1583, Eff. 7/1/06; AMD, 2007 MAR p. 203, Eff. 2/9/07; AMD, 2008 MAR p. 2272, Eff. 10/24/08; AMD, 2009 MAR p. 1800, Eff. 10/16/09; AMD, 2011 MAR p. 577, Eff. 4/15/11; AMD, 2011 MAR p. 2401, Eff. 11/11/11; AMD, 2014 MAR p. 3064, Eff. 12/25/14; AMD, 2016 MAR p. 217, Eff. 2/6/16.

Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security