South Carolina General Assembly
115th Session, 2003-2004

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H. 4088

STATUS INFORMATION

General Bill
Sponsors: Reps. McGee, Barfield and Cato
Document Path: l:\council\bills\nbd\11622ac03.doc

Introduced in the House on April 29, 2003
Currently residing in the House Committee on Labor, Commerce and Industry

Summary: Appraiser licensure requirements

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   4/29/2003  House   Introduced and read first time HJ-6
   4/29/2003  House   Referred to Committee on Labor, Commerce and Industry 
                        HJ-6

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

4/29/2003

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 40-60-250, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CONFORMING STATE REAL ESTATE APPRAISER LICENSURE REQUIREMENTS TO FEDERAL LAW AND TO THE RECLASSIFICATION OF REGISTERED APPRAISERS AS OF JULY 1, 2000, TO APPRENTICE APPRAISERS, SO AS TO PROVIDE THAT SUCH APPRENTICE APPRAISERS WHO SATISFY CERTAIN TRAINING AND EDUCATIONAL REQUIREMENTS MUST BE RECLASSIFIED AS CERTIFIED GENERAL APPRAISERS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 40-60-250 of the 1976 Code, as added by Act 335 of 2000, is amended by adding at the end:

"(C)(1)    All registered appraisers who were reclassified as apprentice appraisers pursuant to subsection (B) automatically must be reclassified as certified general appraisers if the individual:

(a)    completed one hundred eighty classroom hours (L1, L2, L3, CR, C1, C2, C3);

(b)    passed the Certified General Exam;

(c)    graduated from an accredited college or university with a four year bachelor degree and provided a copy of the diploma to the board; and

(d)    has held a license as a South Carolina real estate broker for ten years prior to the date of reclassification.

(2)    A person who does not satisfy the requirements of subsection (C)(1) shall remain apprentice appraisers; however, if there is a conflict between this section and any other provision of law, the provisions of this section control."

SECTION    2.    This act takes effect upon approval by the Governor.

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