[Until January 1, 2008, this section reads as follows:]

1. (A) Fees relevant to the licensure and regulation of real estate appraisers must be established in regulation and in accordance with the department's procedures for establishing initial fees, for assessing, collecting, and adjusting fees, and for the development and analysis of fee structures as provided for in Section 40-1-50(D).
2. (B) Application and license fees are payable to the department in advance and must accompany an examination application or a license application. Initial fees for exam, permit, license, or certificate must be paid by certified funds. Fees are nonrefundable.

3. (C) The board must periodically transmit to the appraisal subcommittee as defined in Section 40-60-20(6), a roster of individuals who have become state licensed real estate appraisers and state certified real estate appraisers and must collect and transmit any information or fees established under Public Law 101-73, Title XI, Real Estate Appraisal Reform Amendments. The board may collect a processing fee necessary to carry out its function under this subsection.

   [From and after January 1, 2008, this section is named "Code of ethics" and reads as follows:].

   Appraisers shall conduct themselves in accordance with a code of ethics adopted by the board.