An Act To Conform Licensing Requirements for Real Estate Appraisers with Federal Law
Sec. 1. 32 MRSA §14021, sub-§7 is enacted to read:
Sec. 2. 32 MRSA §14024, sub-§2, as enacted by PL 1999, c. 185, §5, is repealed.
Sec. 3. 32 MRSA §14024, sub-§3, as enacted by PL 1999, c. 185, §5, is amended to read:
Sec. 4. 32 MRSA §14027, sub-§1, as amended by PL 2011, c. 286, Pt. L, §2, is further amended to read:
Sec. 5. 32 MRSA §14035, sub-§2, as amended by PL 2011, c. 286, Pt. L, §3, is further amended to read:
(1) English composition;
(2) Microeconomics;
(3) Macroeconomics;
(4) Finance;
(5) Algebra, geometry or higher mathematics;
(6) Statistics;
(7) Computers, word processing and spreadsheets;
(8) Business or real estate law; and
(9) Two elective courses in accounting, geography, agricultural economics, business management or real estate.
An applicant may receive credit for a college course for an exam taken through a college-level examination program if a college or university accredited by a commission on colleges, a regional or national accreditation association or an accrediting agency that is recognized by the United States Secretary of Education accepts the exam and issues a transcript showing its approval;
Sec. 6. 32 MRSA §14035, sub-§3, as enacted by PL 2005, c. 518, §6, is repealed.
Sec. 7. 32 MRSA §14035-A is enacted to read:
§ 14035-A. Required examination; certified general real property appraiser
An applicant for a certified general real property appraiser license must pass the appraiser qualifications board's uniform state-certified general real property appraiser examination within 24 months of the date the applicant is eligible to take the examination. An applicant must apply for a certified general real property appraiser license within 24 months of successfully completing the examination.
Sec. 8. 32 MRSA §14036, sub-§2, as amended by PL 2011, c. 286, Pt. L, §4, is further amended to read:
(1) English composition;
(2) Principles of microeconomics or macroeconomics;
(3) Finance;
(4) Algebra, geometry or higher mathematics;
(5) Statistics;
(6) Computers, word processing and spreadsheets; and
(7) Business or real estate law.
An applicant may receive credit for a college course for an exam taken through a college-level examination program if a college or university accredited by a commission on colleges, a regional or national accreditation association or an accrediting agency that is recognized by the United States Secretary of Education accepts the exam and issues a transcript showing its approval;
Sec. 9. 32 MRSA §14036, sub-§3, as enacted by PL 2005, c. 518, §7, is repealed.
Sec. 10. 32 MRSA §14036-A is enacted to read:
§ 14036-A. Required examination; certified residential real property appraiser
An applicant for a certified residential real property appraiser license must pass the appraiser qualifications board's uniform state-certified residential real property appraiser examination within 24 months of the date the applicant is eligible to take the examination. An applicant must apply for a certified residential real property appraiser license within 24 months of successfully completing the examination.
Sec. 11. 32 MRSA §14037, sub-§2, as enacted by PL 2005, c. 518, §8, is amended to read:
Sec. 12. 32 MRSA §14037, sub-§3, as enacted by PL 2005, c. 518, §8, is repealed.
Sec. 13. 32 MRSA §14037-A is enacted to read:
§ 14037-A. Required examination; residential real property appraiser
An applicant for a residential real property appraiser license must pass the appraiser qualifications board's licensed residential real property appraiser examination within 24 months of the date the applicant is eligible to take the examination. An applicant must apply for a residential real property appraiser license within 24 months of successfully completing the examination.
Sec. 14. 32 MRSA §14038, sub-§2, as enacted by PL 2005, c. 518, §9, is amended to read:
Sec. 15. 32 MRSA §14038, sub-§3, as enacted by PL 2005, c. 518, §9, is repealed.
Sec. 16. 32 MRSA §14038, sub-§4, as enacted by PL 2005, c. 518, §9, is amended to read:
Sec. 17. 32 MRSA §14038, sub-§6, as enacted by PL 2005, c. 518, §9, is repealed.
Sec. 18. 32 MRSA §14039 is enacted to read:
§ 14039. Supervisory appraiser
Sec. 19. Effective date. This Act takes effect January 1, 2015.