1301:11-3-03 Education requirements for applicants for licensing and certification.

 

 

 

NOTICE OF PUBLIC HEARING

 

On September 28, 2011, the Ohio Department of Commerce, Division of Real Estate and Professional Licensing will hold a public hearing on proposed changes to 1301:11-1-08, 1301:11- 3-03 & 1301:11-3-09 of the Ohio Administrative Code. The hearing will be held at 8:30 a.m., at 77 South High Street, 20th Floor, Columbus, Ohio 43215.

 

PROPOSED RULE CHANGES

 

1301:11-1-08-Amended

Licensed or Certified Appraisers from Nonreciprocal States - The Division staff recommends that this rule be amended.

 

The proposed rule clarifies the manner of service upon an out of state individual.

 

1301:11-3-03- Amended

Education Requirements for Applicants for Licensing and Certification - The Division staff recommends that this rule be amended.

 

Former Paragraphs (A) through (E) - The current rule references possible situations that could have affected applicants between 2008 through 2009. These situations are out of date. The rule was modified to delete those paragraphs. Proposed paragraphs (A), (B)(2) & (C)(2) were also modified to eliminate financial institutions from being approved fair housing course providers. The Division has not received in the recent past any fair housing courses offered by financial institutions. The list of approved course providers found in paragraph D was revised to be consistent with the list of approved course providers found in paragraphs (A), (B)(2) & (C)(2) and to comply with the list of approved course providers from the Appraisal Subcommittee of the Federal Financial Institutions Examination Council.

 

Former Paragraphs (F) through (H) - These paragraphs were modified by deleting reference to situations affecting applicants in 2008 and 2009. Also, Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ("FIRREA") established the Appraisal Subcommittee of the Federal Financial Institutions Examination Council ("ASC"). Among other things, the ASC is charged with monitoring education requirements for real estate appraisers in each state to determine whether the state's policies, practices and procedures are consistent with Title XI. The proposed rule change addresses the ASC's requirements for states regarding real estate appraiser education.

 

Former Paragraphs (I) & (J) - The Ohio Real Estate Appraiser Board at its November 2010 meeting stated that they would allow applicants to complete qualifying education requirements for licensure or certification through distance education. The rule was modified to take into account the Board's directive and yet still comply with ASC education requirements.

 

Former Paragraphs (M) & (N) - These paragraphs were deleted because they dealt with out dated situations.

 

1301:11-3-09- New

Licensed or Certified Appraisers from Reciprocal States -The Division staff recommends the adoption of this proposed rule.

 

 

 

 

 

 

 

The Ohio Real Estate Appraiser Board may enter into reciprocal agreements with other states regarding real estate appraisers. Ohio Revised Code Section 4763.05(E)(1) permits rules to be adopted regarding reciprocal agreements. The proposed rule clarifies the application process for those applicants from states with reciprocal agreements with the State of Ohio.