The Board proposes the rule amendment to update the language, fees and renewal requirements for licensees.

 

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Florida Real Estate Appraisal Board

RULE NO.: RULE TITLE:

61J1-2.001   Fees

61J1-2.002  Renewal Period

PURPOSE AND EFFECT: The Board proposes the rule amendment to update the language, fees and renewal requirements for licensees.

SUMMARY: Update the language, fees and renewal requirements for licensees.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION:

The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the Agency.

The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: During discussion of the economic impact of this rule at its Board meeting, the Board concluded that this rule change will not have any impact on licensees and their businesses or the businesses that employ them. The rule will not increase any fees, business costs, personnel costs, will not decrease profit opportunities, and will not require any specialized knowledge to comply. This change will not increase any direct or indirect regulatory costs. Hence, the Board determined that a Statement of Estimated Regulatory Costs (SERC) was not necessary and that the rule will not require ratification by the Legislature. No person or interested party submitted additional information regarding the economic impact at that time.

Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.

RULEMAKING AUTHORITY: 475.614 FS.

LAW IMPLEMENTED: 215.34, 455.217, 455.2281, 455.271(6)(b), 475.6147, 475.615, 475.618 FS.

IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAR.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Lori Crawford, Executive Director, Florida Real Estate Appraisal Board, 400 West Robinson Street, #N801, Orlando, FL 32801.

 

THE FULL TEXT OF THE PROPOSED RULE IS:

61J1-2.001 Fees.

(1) through (7) No change.

(8) Annual Registry fee for registered appraisal management companies (AMC)                            Varies

as required by the Appraisal Subcommittee.

(a) In the case of an AMC that has been in existence for more than a year,

the fee shall be $25.00 multiplied by the number of appraisers who have

performed an appraisal for the AMC in connection with a covered transaction

in such state during the previous year.

(b) In the case of an AMC that has been in existence for less than a year,

the fee shall be $25.00 multiplied by the number of appraisers who have

performed an appraisal for the AMC in connection with a covered

transaction in such state since the AMC commenced doing business.

(8) through (15) renumbered (9) through (16)  No change.             

 

Rulemaking Authority 475.614 FS. Law Implemented 215.34, 455.217, 455.2281, 455.271(6)(b), 475.6147, 475.615, 475.618 FS. History–New 10-15-91, Amended 6-7-92, 5-6-93, Formerly 21VV-2.001, Amended 9-22-93, 7-5-94, 5-22-95, 8-20-96, 11-11-97, 10-1-98, 10-29-98, 1-7-99, 11-15-99, 11-10-03, 2-21-06, 9-21-06, 12-4-06, 3-13-07, 12-4-07, 7-17-11, 7-16-12, 5-8-13, 3-1-17,____.

61J1-2.002 Renewal Period.

(1) Each registration, license, certificate or instructor permit shall be renewed on a biennial basis.  The schedule for biennial renewal shall be established in Rule 61-6.001, F.A.C.

(2)  Each appraisal management company registration shall be renewed on a biennial basis.  The schedule for biennial renewal shall be as established in Rule 61-6.043, F.A.C.

Rulemaking Authority 475.614 FS. Law Implemented 475.618 FS. History–New 10-15-91, Formerly 21VV-2.002, Amended 7-2-95, ________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Florida Real Estate Appraisal Board

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Florida Real Estate Appraisal Board

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: February 05, 2018

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: January 30, 2018