COMMISSION PROPOSES TO AMEND RULES

The North Carolina Real Estate Commission, pursuant to authority vested in it by the General Statutes of North Carolina, proposes to amend certain rules contained in Title 21, Chapter 58 of the North Carolina Administrative Code, to be effective February 1, 1991.

The Commission proposes to amend Rule A.0301 to request that applicants for real estate licenses indicate their social security number in their applications for licensure.

The Commission proposes to amend Rule A.0503(a) and .0505 to change the annual license renewal fee to S25(now520).

The Commission proposes to amend Rule C.0302(e) to require that persons possess education equivalent to any appraisal course that they wish to exempt.

The Commission proposes to amend Rule C.0308(a) to clarify that all instructors in prelicensing/pre-certification residential courses must have completed appraisal education at least equivalent to that required for state-licensed and state-certified residential appraisers; and instructors of general appraiser courses must have education at least equivalent to the requirements for state-certified general appraisers. The rule as amended would also require that after July 1, 1991, residential course instructors must be either state-certified residential or state-certified general real estate appraisers.

The Commission proposes to amend Rule D.0302(c) to specify that a score of 75 is required in order to pass either the residential or general appraiser examination. (See Appraisereport).

The Commission proposes to amend Rule D.0402 to clarify that state-licensed and state-certified real estate appraisers must prominently display their appraiser licenses and certificates at their places of business.

The Commission proposes to amend Rule D.0406(c) to require state-licensed and state-certified appraisers who sign appraisal reports prepared by persons under their supervision to accept full responsibility for the content of such reports; and Rule .0406(d) to specify that appraisal reports issued in connection with federally related transactions must be in writing.

The Commission proposes to amend Rules D .0408 and .0409 to require state-licensed and state-certified real estate appraisers to comply with all provisions of Rule .0406 (Appraisal Reports) with regard to appraisals performed by unlicensed and uncertified assistants and by other state-licensed and state-certified appraisers acting under their supervision.