REPORT TITLE:
Real Property Appraisers


DESCRIPTION:
Exempts county real property appraisers from law regulating real
estate appraisers.

 
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                                            1522        
HOUSE OF REPRESENTATIVES                H.B. NO.           
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO REAL PROPERTY APPRAISALS.
 


BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  The purpose of this Act is to exempt county real
 
 2 estate appraisers from the requirements of chapter 466K, Hawaii
 
 3 Revised Statutes.
 
 4      SECTION 2.  Section 466K-1, Hawaii Revised Statutes, is
 
 5 amended to read as follows:
 
 6      "�466K-1 Findings and purpose.  The legislature finds that
 
 7 the regulation of real estate appraisers is reasonably necessary
 
 8 to protect consumers.  The legislature further finds that 12
 
 9 United States Code �3301 et seq. requires that real estate
 
10 appraisals utilized in connection with federally related
 
11 transactions be performed by individuals who are certified
 
12 appraisers.  The purposes of this chapter are to implement the
 
13 requirements of 12 United States Code �3301 et seq. and to
 
14 require that all real estate appraisals be performed by licensed
 
15 or certified appraisers[.]; provided that the requirements of
 
16 this section do not apply to any appraiser employed by any county
 
17 for purposes of valuing real property for ad valorem taxation."
 
18      SECTION 3.  Section 466K-4, Hawaii Revised Statutes, is
 
19 amended to read as follows:
 

 
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 1      "[[]�466K-4[]]  Practice as a real estate appraiser; uniform
 
 2 standards.  No person may practice as a real estate appraiser in
 
 3 this State unless that person has been licensed or certified to
 
 4 practice in accordance with this chapter and rules adopted by the
 
 5 director of commerce and consumer affairs pursuant to chapter 91.
 
 6 All real estate appraisers who are licensed or certified to
 
 7 practice in this State shall comply with the current uniform
 
 8 standards of professional appraisal practice approved by the
 
 9 director when performing appraisals in connection with a
 
10 federally or non-federally related real estate transaction[.];
 
11 provided that the requirements of this section do not apply to
 
12 any appraiser employed by any county for purposes of valuing real
 
13 property for ad valorem taxation."
 
14      SECTION 4.  Statutory material to be repealed is bracketed.
 
15 New statutory material is underscored.
 
16      SECTION 5.  This Act shall take effect upon its approval.
 
17 
 
18                           INTRODUCED BY:_________________________
 

 
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