HB 738 -- REAL ESTATE APPRAISERS

SPONSOR:  Behnen

COMMITTEE ACTION:  Voted "do pass - federal mandate" by the
Committee on Professional Registration and Licensing by a vote of
16 to 0.

This bill requires applicants for a real estate appraiser's
license to complete all the necessary experience requirements
within two years of passing the qualifying exam.  Currently,
applicants are allowed three years to complete these
requirements.

FISCAL NOTE:  No impact on state funds in FY 2006, FY 2007, and
FY 2008.

PROPONENTS:  Supporters say that state law allows appraisers 36
months to finalize their certification; however, federal law
requires certification within 24 months.  A federal subcommittee
has indicated that if Missouri does not comply with the 24-month
requirement, they may decertify the entire state which will
prohibit Missouri appraisers from participating in federally
related transactions.

Testifying for the bill were Representative Behnen; and Missouri
Real Estate Appraisers Commission.

OPPONENTS:  There was no opposition voiced to the committee.

Bob Dominique, Legislative Analyst

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:20 pm