Good morning Appraisers!
The Florida Real Estate Appraisal Board held their regular meeting in Orlando April 2 and 3, 2012. This was the first meeting for newly appointed Certified Residential member Matthew Simmons. Matt is a REALTOR® and the Residential Manager for Fort Myers based Maxwell & Hendry Valuation Services, Inc.
The Governor made additional appointments to the FREAB just prior to the April meeting. The current Chair, Evalyn (Fran) Oreto, was appointed to fill one of the Appraisal Management Company positions, and Certified General Appraiser, Mike Rogers, was appointed to a second term. Although she did not attend the April meeting due to the late date of the announcement, Governor Scott also appointedTamara Jones McKee to fill the vacant Consumer spot on the FREAB. These appointments fill all the vacant positions on the FREAB.
The FREAB considered over 20 disciplinary cases. At least six involved a voluntary surrender of license for permanent revocation.
One of the most interesting discussions involved the board developing an answer to a question about out of state reviewers of appraisal reports; must they be licensed in Florida? Although the FREAB did not issue a formal declaratory statement, the consensus made it clear they considered appraisal reviews of property in Florida requires registration, license or certification in the Sunshine State.
In addition to making appointments to the Florida Real Estate Appraisal Board, the Governor signed two important bills into law. HB 887 and HB 517 were signed into law on April 8, 2012. HB 887 is effective October 1, 2012, and HB 517 is effective July 1, 2012. There are some important chances to Chapter 475, Part II in both. Most notably, HB 887 establishes discipline if an Appraisal Management Company:
(v) Has required or attempted to require an appraiser to sign any indemnification agreement that would require the appraiser to hold harmless the appraisal management company or its owners, agents, employees, or independent contractors from any liability, damage, loss, or claim arising from the services performed by the appraisal management company or its owners, agents, employees, or independent contractors and not the services performed by the appraiser.
That’s it for this update. Please forward this information to other Florida appraisers, and encourage them to sign up to receive these emails. In addition, to ensure NAR is aware of the number of REALTOR® Appraisers in Florida, please consider updating your profile in the National REALTOR Database System (NRDS). Go to NRDS database and update the Field of Business in your profile to indicate “Appraisal”. https://secure.realtor.org/nrdslogi.nsf/LoginUserInfo
More on the 25th of April.
Chairman, Florida Realtors Appraisal Council
Vice Chairman, Florida Realtors Appraisal Council