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FL S0716

Bill

Status

Introduced

2/6/2017

Primary Sponsor

Appropriations

Click for details

Origin

Senate

2017 Regular Session

AI Summary

  • Authorizes real estate practice courses to be taught in-person or via distance learning, replacing previous video tape and live instruction requirements.

  • Expands appraisal management company (AMC) definition to include entities overseeing more than 15 state-certified appraisers in one state or 25+ appraisers across multiple states within a 12-month period.

  • Allows appraisers to perform property evaluations in federally regulated transactions that qualify for exemptions from appraisal requirements, provided they comply with federal standards and board rules.

  • Requires Department of Business and Professional Regulation to transmit annual rosters of licensed appraisers and registered AMCs to the appraisal subcommittee and collect annual fees from AMCs performing services in covered transactions.

  • Adds new grounds for disciplining AMCs, including prohibiting requirements for clients to hold AMCs harmless from liability arising from appraiser services, and allows denial of registration renewals.

Legislative Description

Real Estate Appraisers

Last Action

Laid on Table, companion bill(s) passed, see CS/CS/HB 927 (Ch. 2017-30)

4/26/2017

Committee Referrals

Appropriations3/29/2017
Appropriations Subcommittee on General Government3/20/2017
Regulated Industries2/16/2017

Full Bill Text

No bill text available