(a) The Commission shall establish a Real Estate Appraisal Hearing Board. (b) (1) The Hearing Board shall consist of 3 members of the Commission, appointed by the Commission. (2) Of the 3 positions on the Real Estate Appraisal Hearing Board: (i) 1 shall be a representative of a financial institution; (ii) 1 shall be a consumer member; and (iii) 1 shall be an appraiser with a level of licensure or certification at least equal to the individual subject to the disciplinary action. (c) From among the members of the Hearing Board, the Commission shall designate a chairman.
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