GOVERNOR NIXON SIGNS AMC LEGISLATION INTO LAW!

On Monday, July 12, 2010, Governor Jay Nixon signed HB 1692
-- an omnibus bill relating to "real estate".  He also signed the bill at a “ceremonial bill signing” on Tuesday, July 13.  HB 1692 includes the Appraisal Management Company Registration and Regulation Act (originally HB 2152 sponsored by Representative Steve Hobbs of Mexico, and co-sponsored by Representatives Jeff Grisamore, Larry Wilson, Mike Cunningham, Charles Dennison, Michelle Kratky, Shalonn “Kiki” Curls, and Scott Largent).
To review the entire bill summary and entire bill text, follow this link to the "TAFP versions".  http://www.house.mo.gov/content.aspx?info=/bills101/bills/hb1692.htm
At least 19 states have now passed similar legislation.
The next step is for the Division of Professional Registration and the Missouri Real Estate Appraisers Commission to thoroughly review the bill and begin the "rules" process.  MAAC, as well as other entities, will be thoroughly involved in this process.
We owe Representative Steve Hobbs a big “thank you”.   He worked on this legislation for two sessions and successfully guided it through the process.  Look for an additional report soon on others who were instrumental in passage of this legislation and an update on other measures that passed of interest to appraisers.
Again, thanks to all appraisers who took the time to email, write or call their legislators and Governor Nixon in support of this important measure!

 

 

 

 

 

 

 

Pictured: 2010 Commission Presentation

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