SB 361: "An Act relating to real estate appraisers and the Board of Certified Real Estate Appraisers."
00SENATE BILL NO. 361 01 "An Act relating to real estate appraisers and the Board of Certified Real Estate 02 Appraisers." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 08.03.010(c)(7) is amended to read: 05 (7) Board of Certified Real Estate Appraisers (AS 08.87.010) -- 06 June 30, 1998 [1994]; 07 * Sec. 2. AS 08.87.020 is amended to read: 08 Sec. 08.87.020. POWERS AND DUTIES OF BOARD. In addition to the 09 powers and duties conferred on the board by AS 08.01, the board shall 10 (1) establish the examination specifications for certification as a general 11 real estate appraiser, as a residential real estate appraiser, and as an institutional real 12 estate appraiser; 13 (2) adopt rules of professional conduct to establish and maintain a high 14 standard of integrity in the real estate appraisal profession; and
01 (3) adopt regulations necessary to carry out the purposes of this chapter, 02 including regulations necessary to comply with the requirements of 12 U.S.C. 3331 03 - 3351 (Title XI, Financial Institutions Reform, Recovery, and Enforcement Act 04 of 1989); the regulations adopted by the board for educational requirements 05 under AS 08.87.110, 08.87.120, and 08.87.310 may not be more stringent than the 06 corresponding minimum requirements for receiving approval of the state's 07 program of certification of real estate appraisers under 12 U.S.C. 3331 - 3351 or 08 other federal law. 09 * Sec. 3. AS 08.87.110(a) is amended to read: 10 (a) The board shall issue a general real estate appraiser certificate to a person 11 who presents evidence satisfactory to the board that the person 12 (1) has successfully completed [150 OR MORE] classroom [HOURS 13 OF] instruction in subjects related to real estate appraisal, as required by the board 14 in regulation, from an appraisal organization or academic institution approved by the 15 board; 16 (2) has successfully completed [15] classroom [HOURS OF] instruction 17 related to standards of professional practice as a real estate appraiser, as required by 18 the board in regulation; 19 (3) has, within the seven years immediately preceding the filing of the 20 application for certification, four years of experience in real property appraisal or three 21 years of experience as a registered trainee under AS 08.87.310; 22 (4) successfully completes an examination prescribed by the board; 23 (5) has not been convicted of a crime involving moral turpitude; and 24 (6) has paid the required fees. 25 * Sec. 4. AS 08.87.110(b) is amended to read: 26 (b) The board shall issue a residential real estate appraiser certificate 27 to a person who presents evidence satisfactory to the board that the person 28 (1) meets the requirements of (a)(2) and (4) - (6) of this section; 29 (2) has successfully completed [60 HOURS OF] classroom instruction 30 in subjects related to residential real estate appraisal, as required by the board in 31 regulation, from an appraisal organization or academic institution approved by the
01 board; and 02 (3) has, within the five years immediately preceding the filing of the 03 application for certification, three years of experience in real property appraisal or two 04 years of experience as a registered trainee under AS 08.87.310. 05 * Sec. 5. AS 08.87.120(a) is amended to read: 06 (a) The board may not renew a certificate issued under this chapter unless the 07 person applying for renewal presents evidence satisfactory to the board that the person 08 has, within the two years preceding the application for renewal, attended [40] 09 classroom [HOURS OF] instruction, as required by the board in regulation, in 10 courses or seminars that have received the approval of the board. 11 * Sec. 6. AS 08.87.310(a) is amended to read: 12 (a) A person engaged in the practice of real estate appraisal who is employed 13 by or under the direct supervision of a certified real estate appraiser may become a 14 registered trainee by submitting proof to the board that the person has successfully 15 completed the number of [AT LEAST 30] classroom hours required by the board 16 in regulation of courses in subjects related to real estate appraisal from an appraisal 17 organization or academic institution approved by the board.