BILL ANALYSIS Ó ----------------------------------------------------------------- |SENATE RULES COMMITTEE | AB 1381| |Office of Senate Floor Analyses | | |(916) 651-1520 Fax: (916) | | |327-4478 | | ----------------------------------------------------------------- THIRD READING Bill No: AB 1381 Author: Weber (D) Amended: 6/1/16 in Senate Vote: 21 SENATE BUS., PROF. & ECON. DEV. COMMITTEE: 7-1, 6/13/16 AYES: Hill, Block, Galgiani, Hernandez, Jackson, Mendoza, Wieckowski NOES: Gaines NO VOTE RECORDED: Bates SENATE APPROPRIATIONS COMMITTEE: Senate Rule 28.8 ASSEMBLY FLOOR: 65-10, 1/27/16 - See last page for vote SUBJECT: Real estate appraisers SOURCE: Author DIGEST: This bill requires the Bureau of Real Estate Appraisers to provide information on the Internet regarding the continuing education courses taken by a licensee. ANALYSIS: Existing law: 1) Establishes the Real Estate Appraisers' Licensing and Certification Law (Act), administered by the Bureau of Real Estate Appraisers (BREA) within the Department of Consumer AB 1381 Page 2 Affairs (DCA), which regulates the licensing of real estate appraisers. (Business and Professions Code (BPC) § 11300 et seq.) 2) Requires the BREA to provide on the Internet information regarding, among other things, the status of every license and registration issued by the BREA. (BPC § 11317.2(a)) 3) Requires the Director of the DCA to adopt regulations for licensure which shall meet, at a minimum, the requirements and standards established by the Appraisal Foundation and the federal financial institutions regulatory agencies acting pursuant to Section 1112 of the Financial Institutions Reform Recovery and Enforcement Act of 1989, Public Law 101-73. (BPC § 11340(c)) 4) Requires the Director to adopt regulations governing the process and procedures for renewal of a license, which shall include, but not be limited to, continuing education requirements, which shall be reported on the basis of four-year continuing education cycles. (BPC § 11360) This bill: 1) Requires the BREA to provide, on the Internet, information regarding the continuing education courses taken by a licensee. 2) Removes obsolete references to the Office of Real Estate Appraisers and inserts the word "Bureau". Background Continuing Education for Licensees. The term of a California real estate appraiser's license is two years. All licensed appraisers must meet minimum continuing education requirements before renewing their license. A total of 56 hours of continuing education is required during the four-year continuing education cycle including the following mandatory courses for all license categories. 7-hour National Uniform Standards of Professional Appraisal Practice (USPAP) course-required every two years. AB 1381 Page 3 4-hour BREA approved course entitled "Federal and State Laws and Regulations"- required every four years. This 4-hour course is an addition since the last sunset review. (California Code of Regulations, Title 10, § 3543) In practical terms, this requires a renewal of the 7-hour USPAP course every two years on its own, and a full continuing education (56 hours) renewal every four years. Generally the requirement is a full continuing education 56 hour renewal every other two year cycle, with a reduced 7 hour continuing education renewal cycle in between. Continuing education courses or seminars must cover appraisal related topics including subjects such as land use planning, appraisal computer applications, cost estimating, and green building appraisals. FISCAL EFFECT: Appropriation: No Fiscal Com.:YesLocal: No SUPPORT: (Verified6/28/16) Broadway Heights Community Council OPPOSITION: (Verified6/28/16) None received ARGUMENTS IN SUPPORT: Broadway Heights Community Council underscores, "AB 1381 would provide the public with additional information on the continuing education courses taken when an appraiser seeks to renew his or her license. By listing an appraiser's continuing education courses, the public will have a AB 1381 Page 4 better understanding of who appraises their property. In addition, businesses would be better able to evaluate candidates and select appraisers with certain specializations." ASSEMBLY FLOOR: 65-10, 1/27/16 AYES: Achadjian, Alejo, Travis Allen, Baker, Bloom, Bonilla, Bonta, Brown, Burke, Calderon, Campos, Chau, Chávez, Chiu, Chu, Cooley, Cooper, Dababneh, Dahle, Daly, Dodd, Eggman, Frazier, Cristina Garcia, Eduardo Garcia, Gatto, Gipson, Gomez, Gonzalez, Gordon, Hadley, Roger Hernández, Holden, Irwin, Jones, Jones-Sawyer, Lackey, Levine, Linder, Lopez, Low, Maienschein, Mathis, Mayes, McCarty, Medina, Mullin, Nazarian, O'Donnell, Olsen, Quirk, Rendon, Ridley-Thomas, Rodriguez, Salas, Santiago, Mark Stone, Thurmond, Ting, Wagner, Waldron, Weber, Williams, Wood, Atkins NOES: Bigelow, Brough, Beth Gaines, Gallagher, Grove, Harper, Melendez, Obernolte, Steinorth, Wilk NO VOTE RECORDED: Chang, Gray, Kim, Patterson Prepared by:Mark Mendoza / B., P. & E.D. / (916) 651-4104 6/29/16 15:45:53 **** END ****