HB 987 -- REAL ESTATE APPRAISERS

SPONSOR:  Wasson

COMMITTEE ACTION:  Voted "do pass - federal mandate" by the
Special Committee on Professional Registration and Licensing by a
vote of 10 to 0.

This bill changes the laws regarding real estate appraisers and
the duties of the Missouri Real Estate Appraisers Commission
within the Department of Insurance, Financial Institutions, and
Professional Registration.  In its main provisions, the bill:

(1)  Authorizes the commission to administer oaths and issue and
enforce subpoenas;

(2)  Repeals the provision authorizing the commission to waive
continuing education requirements for retired or disabled
appraisers;

(3)  Allows persons to renew expired licenses within a one-year
period if evidence of the completion of all continuing education
requirements is provided; and

(4)  Authorizes the commission to issue inactive licenses.

FISCAL NOTE:  No impact on General Revenue Fund in FY 2008,
FY 2009, and FY 2010.  Estimated Cost on Other State Funds of $0
in FY 2008, $15,000 to $30,000 in FY 2009, and $0 in FY 2010.

PROPONENTS:  Supporters say that Missouri was found to be in
noncompliance with federal law in 2004.  The statutes regarding
real estate appraisers need to be revised to bring Missouri into
compliance.  This will allow Missouri appraisers to participate
in federal transactions.

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

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:21 am