1. (a) The Commission shall reinstate the certificate of a real estate appraiser who has failed to renew the certificate during the regular term of the certificate or the grace period, if the real estate appraiser:

   1. (1) applies to the Commission for reinstatement within 3 years after the certificate expires;
   2. (2) meets the requirements of § 16-511 of this subtitle; and
   3. (3) in addition to the renewal fee required under § 16-511 of this subtitle, pays to the Commission a reinstatement fee set by the Commission.

2. (b)

   1. (1) If an individual fails to renew a certificate for any reason and applies to the Commission for reinstatement more than 3 years after the certificate has expired, the Commission may:

      1. (i) require the individual to reapply for a certificate under § 16-505 of this subtitle; or
      2. (ii) subject to paragraph (2) of this subsection, reinstate the certificate.

   2. (2) The Commission may reinstate a certificate under paragraph (1)(ii) of this subsection only if the individual:

      1. (i) meets the renewal requirements of § 16-511 of this subtitle;
      2. (ii) if required by the Commission, states the reasons why reinstatement should be granted; and
      3. (iii) in addition to the renewal fee required under § 16-511 of this subtitle, pays to the Commission a reinstatement fee set by the Commission.

Added by Acts 1990, c. 594. Renumbered from Business Occupations and Professions § 15.5-512 by Acts 1994, c. 3, § 13, eff. Feb. 28, 1994. Amended by Acts 2011, c. 269, § 1, eff. July 1, 2011; Acts 2011, c. 270, § 1, eff. July 1, 2011; Acts 2020, c. 531, § 1, eff. Oct. 1, 2020.