LEGISLATURE ENACTS
REAL ESTATE APPRAISERS ACT

On June 30, the North Carolina General Assembly passed the "North Carolina Real Estate Appraisers Act" establishing a voluntary program for real estate appraisers who wish to become "State-licensed" or "State-certified." The legislation was introduced at the request of the Real Estate Commission and supported by numerous organizations representing real estate appraisers and lending institutions as well as the North Carolina Association of REALTORS.

State Representative Harold J. Brubaker (A-Randolph) sponsored the legislation, appearing before various legislative committees and subcommittees on its behalf Senator J. K Sherron (D-Wake) explained and advocated the bill on the floor of the Senate, and Commission Executive Director Phillip T. Fisher served as Legislative Liaison.

A summary of the key provisions of the legislation was included in the previous issue of the Real Estate Bulletin and is reprinted on page four of this Bulletin.

Plans are currently being made to implement the Appraiser Licensing and Certification Program, including filling the new position of Director of Real Estate Appraiser Licensing and Certification and appointing a five-member Real Estate Appraisal Committee to advise the Commission on real estate appraisal matters.

To assist in administering the Real Estate Appraiser Licensing and Certification Program, the Commission has created the position of Director of Appraiser Licensing and Certification. The Director will assume primary responsibility for administering the program, operating under the direction of the Commission's Executive Director and with the advice and counsel of the Real Estate Appraisal Committee.

Interested persons who possess solid appraisal credentials and excellent administrative skills should refer to page three of this Bulletin for further details concerning the position.

The Real Estate Appraisal Committee initially will meet as many as four days each month in Raleigh to consider items necessary for the administration of the Appraiser Licensing and Certification Program. The Committee will recommend to the Real Estate Commission rules regarding the qualification standards and standards of conduct for State-licensed and State-certified real estate appraisers, as well as providing other technical advice and assistance to the Commission. Members will be paid $35 per day for each day spent on official Committee business and will be reimbursed travel and subsistence expenses at State employee rates.

Persons who have been actively engaged in the real estate appraisal business for at least the past five years and who feel that they possess the special appraisal training and expertise required to serve on the Appraisal Committee, should furnish the Commission a letter stating their interest in serving on the Committee and describing their real estate appraisal education and experience. Be sure to:

1. List all appraisal courses, seminars, workshops and other educational offerings completed, including the number of contact hours and the course sponsor.

2. List all professional designations and memberships currently held, including the qualification requirements and any offices held or awards received.

3. State the number of years that you have been actively engaged in real estate appraising (other than performing "comparative market analyses" in connection with real estate listings), and the level of your activity (part-time, full-time) and the types of real estate appraised (residential, commercial, etc.) within the past five years.

4. List any business, civic, religious, governmental or other offices or positions held which might limit your attendance at Committee meetings.

5. Give a brief statement explaining why you wish to serve on the Real Estate Appraisal Committee.

The above information should be sent to the Real Estate Commission, Attention: Appraisal Committee, and must be received in the Commission office not later than August 18, 1989