Notice of Proposed Rule

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
Florida Real Estate Appraisal Board
Rule No. : RULE TITLE :
61J1-7.001: Display and Disclosure of Registration, License or Certification Designation
PURPOSE AND EFFECT: The Board proposes the rule amendment to clarify what designations or abbreviations denoting licensure may be used on appraisal reports.
SUMMARY: The language concerning what designations or abbreviations denoting licensure on appraisal reports will be clarified.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: Have an adverse impact on small business, nor will the proposed rule likely increase directly or indirectly regulatory costs, including transactional costs, in excess of $200,000 in the aggregate within one year or $1 million in the aggregate within 5 years after implementation of the rule. Therefore, it has been determined that the rule does not meet the threshold for ratification by the Legislature. The following is a summary of the SERC:
• A total of 7,652 appraiser licensees will be affected by the rule amendment.
• All Registered Trainee Appraisers, Licensed Appraisers, Certified Residential Appraisers, and Certified General Appraisers will be required to update their advertising media to reflect the simplified abbreviation of their designation.
• There will be no additional cost to the department for implementing the proposed rule.
• There will be no cost to any other state and local government entities of implementing the proposed rule.
• An estimated number of the small businesses that would be subject to the rule are more than 5,000.
• Analysis of impact on small business: 7,652 appraiser licensees with a cost of approximately $25.00 per licensee for a total of $191,300, a one-time expense to current licensees.
• No small county or small city will be impacted by the proposed rule.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
RULEMAKING AUTHORITY: 475.614 FS.
LAW IMPLEMENTED: 475.622 FS.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAW.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Juana Watkins, Acting Director, Division of Real Estate, 400 West Robinson Street, Hurston Building, North Tower, Suite N801, Orlando, Florida 32801

THE FULL TEXT OF THE PROPOSED RULE IS:

61J1-7.001 Display and Disclosure of Registration, License or Certification Designation.

(1) No change.

(2) The following designations or abbreviations shall be used:

(a) “State-registered trainee real estate appraiser”, “registered trainee” or “Ttrainee RI###.”

(b) “State-licensed real estate appraiser”, “state-licensed r.e. appraiser”, “state-lic. r.e. appraiser”, “state-lic. r.e. appr.” or “St.Lic.REA” or “Licensed RH###.”

(c) “State-certified residential real estate appraiser”, “state-certified residential r.e. appraiser”, “state-certified residential appraiser”, “state-certified res. appraiser”, state-cert. res. appraiser”, “state-cert. res. appr.” or “St.Cert.Res.REA” or “Cert Res RD###.”

(d) “State-certified general real estate appraiser”, “state-certified general r.e. appraiser”, “state-certified general appraiser”, “state-certified gen. appraiser”, state-cert. gen. appr.” or “St.Cert.Gen.REA” or “Cert Gen RZ###.”

(3) No change.

Rulemaking Specific Authority 475.614 FS. Law Implemented 475.622 FS. History–New 10-15-91, Formerly 21VV-7.001, Amended 10-29-98, 2-12-03, 2-16-04,_______.


NAME OF PERSON ORIGINATING PROPOSED RULE: Florida Real Estate Appraisal Board
NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Florida Real Estate Appraisal Board
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: December 7, 2010
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: November 24, 2010