Real Estate Appraiser Act Article 26

A Real Estate Appraiser Guild should comprise the Board of Directors and the Board of Supervisors. The Directors and Supervisors in both Boards shall be elected by members’ convention (convention of representative members). The number of Directors and Supervisors is based upon the rules as follows:1. Board of Directors of the Real Estate Appraiser Guild in a County (City) level shall not consist of more than fifteen persons.2. Board of Directors of the Real Estate Appraiser Guild in a Municipal level shall not consist of more than twenty-five persons.3. Board of Directors of the National Association of Real Estate Appraiser Guilds shall not consist of more than thirty-five persons.Number of Board of Supervisors of Real Estate Appraiser Guilds shall not exceed one thirds of the number of Board of Directors. The number of alternate Directors and Supervisors shall not exceed one thirds of the total number of the respective number of Directors and Supervisors in a Guild.In the case that the number of Directors and Supervisors is over three, no more than one thirds of Directors and Supervisor could, through election among them, become Managing Directors and Managing Supervisors. One of the Managing Directors shall, through election among Directors, serve as the Chairman of the Board of Directors. If there is no post of Managing Director, the Chairman of the Board of Directors could be produced from election among Directors. One of the Managing Supervisors shall act as the Convener of Supervisors when the total number of Managing Supervisors is over three.A term for the posts of Directors and Supervisors is three years, and they could be re-elected. The Chairman of the Board of Directors can only serve no more than two consecutive terms.