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ID H0119
Bill
Status
3/27/2017
Primary Sponsor
Business Committee
Click for details
AI Summary
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Authorizes the Real Estate Appraiser Board to collect fees from appraisal management company applicants and registered appraisal management companies to provide services related to federally related transactions.
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Requires the board to remit collected fees to the appropriate federal government agency or instrumentality.
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Maintains existing fee caps: examination fees equal to national examining entity charges, licenses/certificates capped at $500, annual renewals capped at $500, and continuing education provider applications capped at $100.
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Allows the board to collect additional fees from individual applicants and license holders to make Idaho appraisers eligible to perform appraisals in federally related transactions.
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Requires the board to adopt all fees by rule.
Legislative Description
Authorizes the Idaho Real Estate Board to collect and remit fees necessary to provide appraisal management services in connection with federally related transactions from an appraisal management company to the appropriate federal agency.
REAL ESTATE APPRAISER BOARD
Last Action
Reported Signed by Governor on March 27, 2017 Session Law Chapter 183 Effective: 07/01/2017
3/27/2017