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MO SB955
Bill
Status
2/26/2014
Primary Sponsor
Mike Cunningham
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AI Summary
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Creates the Missouri Real Estate Appraisers Commission within the division of professional registration consisting of seven members (six appraisers, one public member) appointed by the governor with Senate confirmation.
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Requires appraiser members to be Missouri residents with at least five years of real estate appraisal experience, appointed from state-certified or state-licensed appraiser registries, with no more than one member from the same Congressional district.
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Establishes three-year commission terms with quarterly meetings, a quorum of four members, and per diem compensation of $50 per meeting plus reimbursement for expenses and travel.
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Allows any person to file complaints against licensees without specifying violated laws or regulations, requiring the commission to investigate and notify the complainant within ten working days.
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Limits investigations to six months with status updates every 60 days, and requires the commission to provide a free appraisal to the complainant at the commission's expense if deadlines are not met.
Legislative Description
Modifies various provisions of the Missouri Certified and Licensed Real Estate Appraisers and Appraisal Management Company Regulation Act
Last Action
Voted Do Pass S Financial and Governmental Organizations and Elections Committee
4/8/2014