(1) The Board of Real Estate Appraisers hereby adopts and incorporates by reference the organizational rules of the Department of Labor and Industry as listed in chapter 1 of this title.

(2) The presiding officer shall preside at all meetings and shall perform such duties as the board may direct. At any meeting at which the presiding officer is absent, the vice presiding officer will serve as the presiding officer.

(3) The board shall hold an annual meeting prior to October 31 of each year for purposes of electing officers from among its members, each for a term of one year, or until a successor has been duly elected and qualified.

(4) Meetings shall be held, after reasonable notice, at the call of the presiding officer or a majority of the members of the board.