(a) The director is empowered and directed to establish a fee schedule for the application, review, examination, and reexamination of applicants for certification and licensing and for the issuance and renewal of certificates and for late fees; provided, that the annual fee for a residential or general appraiser certificate is two hundred dollars ($200).
(b) There is hereby created a restricted-receipt account within the general fund of the state to be known as the real estate appraisers — registration — CLRA account. Fees collected pursuant to subsection (a) of this section shall be deposited into this account and be used to finance costs associated with real estate appraisers registration. The restricted-receipt account will be included in the budget of the department of business regulation.