Saturday, February 27, 2010

Florida Senate - Second Bill Introduced to Regulate Appraisal Management Companies

Back in November we were excited to announce Representative Matt Hudson's introduction of HB 303, Regulation of Real Estate Appraisers & Appraisal Management Companies. In the first week of February, we posted about S1552 - Appraisers & Appraisal Management Companies, filed by Senator Mike Fasano.

Today, we can report a SECOND bill to regulate Appraisal Management Companies has been filed in the Florida Senate!

On February 18, 2010, Senator Lee Constantine filed S2210 - Appraisers and Appraisal Management Companies.

Requires the Florida Real Estate Appraisal Board to adopt certain rules. Requires application, registration, and renewal fees for appraisal management companies. Requires such companies to register with the DBPR. Requires nonresident appraisal management companies to consent to commencement of actions in this state. Establishes additional acts for which appraisers are subject to disciplinary action, etc. EFFECTIVE DATE: 07/01/2010.
Read the whole thing.

How about sending an email or fax to Senator Constantine to let him know of your appreciation. Either that or give his office a phone call to let him know how important this bill is for the appraisal profession, the real estate market and consumer protection in Florida.

Senator Constantine has been a great friend of Florida Real Estate Appraisers. He sponsored both of the most recent bills to amend Chapter 475 Part II (2003 and 2006). Both were passed and signed into law.

Here's the contact information:

District Office:

378 Centerpointe Circle, Suite 1268
Altamonte Springs, FL 32701-3442
(407) 331-9675

Tallahassee Office:

418 Senate Office Building
404 South Monroe Street
Tallahassee, FL 32399-1100
Phone (850) 487-5050

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