The Board proposes the rule amendment to clarify language concerning any education requirement for an inactive renewal of an appraisal management company license.

 

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
Florida Real Estate Appraisal Board

RULE NO.: RULE TITLE:
61J1-2.003: Inactive Renewal

PURPOSE AND EFFECT: The Board proposes the rule amendment to clarify language concerning any education requirement for an inactive renewal of an appraisal management company license.

SUMMARY: Clarifying language that continuing education requirements do not apply to appraisal management companies for licensure renewals.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COST AND LEGISLATIVE RATIFICATION:

During discussion of the economic impact of the rule at its Board meeting, the Board, based upon the expertise and experience of its members, determined that a Statement of Estimated Regulatory Cost (SERC) was not necessary and that the rule amendment will not require ratification by the Legislature. No person or interested party submitted additional information regarding the economic impact at that time. The Board has determined that this rule will not have an adverse impact on small business, or likely increase regulatory costs in excess of $200,000 in the aggregate within 1 year after implementation of the rule.

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

RULEMAKING AUTHORITY: 475.614 FS.
LAW IMPLEMENTED: 475.619 FS.

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

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Juana Watkins, Director, Division of Real Estate, 400 West Robinson Street, Hurston Building, North Tower, Suite N801, Orlando, Florida 32801

 

THE FULL TEXT OF THE PROPOSED RULE IS:

61J1-2.003 Inactive Renewal.

(1) An inactive registrant, licensee or certificate holder may elect to renew as active by submitting a request, proof of continuing education, and the fees established in Rule 61J1-2.001, Florida Administrative Code. The education requirement for renewal does not apply to appraisal management company registrations.

(2) No change.

Rulemaking Authority 475.614 FS. Law Implemented 475.619 FS. History–New 10-15-91, Formerly 21VV-2.003, Amended_________.

 

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: July 18, 2011

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: October 14, 2011