Guam § 30104 - Powers and Duties.

§ 30104. Powers and Duties.

The Director shall:

(a) receive applications for certification or license of appraisers;

(b) establish the procedure for processing applications made under this

Act;

(c) retain all applications and other records submitted to him or her;

(d) maintain a registry of the names and addresses of persons certified

under this Act;

(e) adopt, amend and repeal rules and regulations to implement and

administer the provisions of this Act, including, without limitation, such

rules and regulations as may be from time to time appropriate or necessary

to insure that the certification and licensing requirements under this Act

conform to such standard as may be established or approved by the

Appraisal Subcommittee of the Federal Financial Institution Examination

Council or by any successor entity thereto;

(f) establish and collect fees commensurate with the costs of

certification and licensing;

(g) prescribe and administer additional experience and educational

requirements for the licensed and certified classifications as established by

the Appraisers Qualifications Board of the Appraisal Foundation and

adopted by policy or rule pursuant to the Real Estate Appraisers Act,

(h) prescribe and administer examinations to qualified applicants and

determine the acceptable level of performance on examinations;

(i) approve/disapprove applications for certification and license the

same;

(j) review periodically the standards for developments and communi-

cations of appraisals and adopt rules explaining and interpreting such

standards;

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(k) establish suspend, revoke, or reprimand, suspension or revocation

of certification and license;

(l) reprimand, suspend, revoke, or refuse to renew the certification or

license of one who has violated the standards established for certified or

licensed real estate appraisers;

(m) establish continuing education requirements that are conditions of

certification renewal;

(n) perform the other duties necessary to implement this Act;

(o) establish an appropriate apprenticeship program to encourage and

develop qualified appraisers; and

(p) develop rules and regulations on ethics of appraisers in their

dealing with the public.