(a) There is created a certified real estate appraiser education account which shall be under the direction of the board. (b) Every person obtaining or renewing a certified appraiser trainee or certified real estate appraiser's permit shall pay an additional fee of twenty dollars ($20.00) which shall be deposited in the certified appraiser education account. (c) All civil penalties levied under this act shall be collected, paid to the state treasurer and credited as provided in W.S. 8-1-109. (d) When the certified appraiser education account balance exceeds fifty thousand dollars ($50,000.00) the board shall not collect annual fees under this section. (e) The board may use the funds in the education account for the purposes of raising the standards of practice and the competency of permittees by: (i) Promoting the advancement of education and research for the benefit of those issued permits under this act; (ii) Underwriting educational seminars and all other similar forms of educational projects for the benefit of permittees; and (iii) Contracting for particular education or research projects to further the purposes of this section.
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