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IN SB0482
Bill
Status
1/17/2017
Primary Sponsor
Mark Messmer
Click for details
AI Summary
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Requires the executive director of the professional licensing agency to assign permanent staff to exclusively support the real estate appraiser board created by IC 25-34.1-8-1.
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Reduces the number of licensed or certified real estate appraisers on the board from five (5) to two (2) members, both with at least five (5) years of experience.
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Removes the requirement that at least three (3) board members be certified appraisers.
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Reorganizes board composition to include representatives from lenders, home builders/developers, real estate brokers, appraisal management companies, and one consumer member, maintaining a total of seven (7) members appointed by the governor.
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Effective July 1, 2017.
Legislative Description
Real estate appraiser board. Requires the executive director of the professional licensing agency to assign permanent, exclusive staff to the real estate appraiser licensure and certification board (board). Changes the composition of the board.
Last Action
First reading: referred to Committee on Commerce and Technology
1/17/2017