BRIEF DESCRIPTION: The Board of Certified Real Estate Appraisers proposes to update regulations regarding qualifications for appraisers and registration of Appraisal Management Companies, to implement changes to AS 08.87 enacted under Chapter 67, SLA 18 (SB155).
The Board of Certified Real Estate Appraisers (Board) proposes to adopt regulation changes in Title 12, Chapter 70 of the Alaska Administrative Code including the following:
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12 AAC 70.108. Work experience requirements for real estate appraiser certification, is proposed to be changed to amend work experience requirements.
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12 AAC 70.115. Education requirements for real estate appraiser certification, is proposed to be changed to amend the educational requirements.
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12 AAC 70.140. Standards for acceptable education, is proposed to be changed to adopt by reference the updated Real Property Appraiser Qualification Criteria.
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12 AAC 70.160. Real estate appraisal management company registration, is a proposed new section outlining application requirements for appraisal management companies.
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12 AAC 70.165. Real estate appraisal management company and panel standards, is a proposed new section describing who must register as a real estate appraisal management company, requirements for appraisers, and reporting to the board of a change of an owner, or other person associated with the company.
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12 AAC 70.170. Renewal of an appraisal management company registration, is a proposed new section describing the requirements for renewal of an appraisal management company registration.
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12 AAC 70.175. Annual reporting and federal registry requirements for appraisal management companies, is a proposed new section describing the requirements for submitting the annual appraiser panel federal registry fee.
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12 AAC 70.180. Retention of records and inspection by the board, is a proposed new section requiring appraisal management companies to retain records of appraisals, and make available to the board upon request.
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12 AAC 70.990. Definitions, is proposed to be changed to amend the definition of “appraisal experience.”
You may comment on the proposed regulation changes, including the potential costs to private persons of complying with the proposed changes, by submitting written comments to Sher Zinn, Regulations Specialist, Division of Corporations, Business and Professional Licensing, P.O. Box 110806, Juneau, AK 99811-0806. Additionally, the Board will accept comments by facsimile at (907) 465-2974 and by electronic mail at RegulationsAndPublicComment@alaska.gov. Comments may also be submitted through the Alaska Online Public Notice System by accessing this notice on the system at http://notice.alaska.gov/192250, and using the comment link. The comments must be received not later than 5:00 p.m. on January 4, 2019. Comments received after this deadline will not be considered by the Board.
You may submit written questions relevant to the proposed action to Sher Zinn, Regulations Specialist, Division of Corporations, Business and Professional Licensing, P.O. Box 110806, Juneau, AK 99811-0806 or by e-mail at RegulationsAndPublicComment@alaska.gov. The questions must be received at least 10 days before the end of the public comment period. The Board will aggregate its response to substantially similar questions and make the questions and responses available on the Alaska Online Public Notice System and on the Board’s website at https://www.commerce.alaska.gov/web/cbpl/ProfessionalLicensing/RealEstateAppraisers.aspx.
The Board may, but is not required to, answer written questions received after the 10-day cut-off date and before the end of the comment period.
If you are a person with a disability who needs a special accommodation in order to participate in this process, please contact Sher Zinn at (907) 465-1049 or RegulationsAndPublicComment@alaska.gov, not later than December 27, 2018, to ensure that any necessary accommodation can be provided.
A copy of the proposed regulation changes is available on the Alaska Online Public Notice System and by contacting Sher Zinn at (907) 465-1049 or RegulationsAndPublicComment@alaska.gov, or go to https://www.commerce.alaska.gov/web/portals/5/pub/APR-1118.pdf.
After the public comment period ends, the Board will either adopt the proposed regulation changes or other provisions dealing with the same subject, without further notice, or decide to take no action. The language of the final regulations may be different from that of the proposed regulations. You should comment during the time allowed if your interests could be affected. Written comments and questions received are public records and are subject to public inspection.
Statutory Authority: AS 08.01.065; AS 08.01.100; AS 08.87.020; AS 08.87.110; AS 08.87.130; AS 08.87.135; AS 08.87.145; AS 08.87.150; AS 08.87.310
Statutes Being Implemented, Interpreted, or Made Specific: AS 08.01.065; AS 08.01.100; AS 08.87.020; AS 08.87.110; AS 08.87.130; AS 08.87.135; AS 08.87.145; AS 08.87.150; AS 08.87.310
Fiscal Information: The proposed regulation changes are not expected to require an increased appropriation.
DATE: 12/3/2018
Sher Zinn, Regulations Specialist
Division of Corporations, Business and Professional Licensing
For each occupation regulated under the Division of Corporations, Business and Professional Licensing, the Division keeps a list of individuals or organizations who are interested in the regulations of that occupation. The Division automatically sends a Notice of Proposed Regulations to the parties on the appropriate list each time there is a proposed change in an occupation's regulations in Title 12 of the Alaska Administrative Code. If you would like your address added to or removed from such a list, send your request to the Division at the address above, giving your name, either your e-mail address or mailing address (as you prefer for receiving notices), and the occupational area in which you are interested.
ADDITIONAL REGULATION NOTICE INFORMATION
(AS 44.62.190(d))
1. Adopting agency: Board of Certified Real Estate Appraisers - Department of Commerce, Community, and Economic Development, Division of Corporations, Business and Professional Licensing.
2. General subject of regulation: Updates to regulations concerning initial qualifications for appraisers, and new regulations regarding registration of Appraisal Management Companies.
3. Citation of regulations: 12 AAC 70.108; 12 AAC 70.115; 12 AAC 70.140; 12 AAC 70.160; 12 AAC 70.165; 12 AAC 70.170; 12 AAC 70.175; 12 AAC 70.180; 12 AAC 70.990
4. Department of Law file number: To be assigned.
5. Reason for the proposed action: Compliance with new state statutes; update current regulations.
6. Appropriation/Allocation: Corporations, Business and Professional Licensing - #2360.
7. Estimated annual cost to comply with the proposed action to:
A private person: Costs of $500 non-refundable application fee, $700 biennial license and renewal
fees for Appraisal Management Companies, $250 fee for change of personnel associated with the
Appraisal Management Company, $25 federal mandated registry fee for each appraiser on the
appraiser panel.
Another state agency: None known.
A municipality: None known.
8. Cost of implementation to the state agency and available funding (in thousands of dollars):
No costs are expected in FY 2019 or in subsequent years.
9. The name of the contact person for the regulation:
Tracy Wiard, Licensing Examiner
Board of Certified Real Estate Appraisers
Division of Corporations, Business and Professional Licensing
Telephone: (907) 465-2541
E-mail: tracy.wiard@alaska.gov
10. The origin of the proposed action: Board of Certified Real Estate Appraisers
11. Date: 12/3/2018
Prepared by: Sher Zinn, Regulations Specialist