DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of
the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of
the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Hoffmann HB No. 1018
Abstract: Amends the La. Real Estate Appraisers Law.
Present law provides that appraiser licenses shall be granted only to persons who have attained
the age of 18 years, who hold a high school diploma or its equivalent, and who bear a good
reputation for honesty, trustworthiness, integrity, and competence to perform real estate
appraisals and only after satisfactory proof of such qualifications has been presented to the board.
Proposed law repeals provisions of present law and provides that appraiser licenses shall be
granted to persons who satisfied the minimum education, examination, and experience
requirements mandated by the Appraiser Qualifications Board (AQB) of the Appraisal
Foundation and published in the most current version of the Real Property Appraiser
Qualification Criteria, including any subsequent amendments and regulations issued pursuant
thereto.
Proposed law provides that all applicants for a real estate appraiser license shall undergo a
background screening as mandated by the AQB of the Appraisal Foundation and prescribed by
the board.
Present law provides that a licensee whose license, or its equivalent, has been revoked meet all
requirements of an initial applicant and shall present evidence of completion of 15 hours of
continuing education for each renewal period, or portion thereof, following the date on which the
license, or its equivalent, was revoked.
Proposed law provides an applicant whose license has been revoked shall meet all requirements
of an initial applicant and shall present evidence of completion of continuing education for each
renewal period, or portion thereof, following the date on which the license was revoked.
Present law provides that applicants for a real estate appraiser trainee license, a certified
residential real estate appraiser license, and a general real estate appraiser license shall be subject
to certain standards, training, completion of qualifying education hours, and must undertake
certain duties.
Proposed law makes changes to requirements in present law.
Present law provides that a license as a real estate appraiser shall not be issued in any class other
than real estate appraiser trainee unless the applicant demonstrates through a written examination process that he or she possesses the following:
(1)Knowledge of technical terms commonly used in or related to real estate appraising,
appraisal report writing, and economic concepts applicable to real estate appropriate to
the type of license sought.
(2)Basic understanding of real estate law.
(3)Adequate knowledge of theories of depreciation, cost estimating, methods of
capitalization, and the mathematics of real estate appraisal.
(4)Understanding of the principles of land economics, real estate appraisal processes, and of
problems likely to be encountered in the gathering, interpreting, and processing of data in
carrying out appraisal disciplines.
(5)Understanding of the standards for the development and communication of real estate
appraisals as provided in this Chapter.
(6)Understanding of the types of misconduct for which disciplinary proceedings may be
initiated against a state licensed real estate appraiser, as set forth in this Chapter.
Proposed law provides that a license as a real estate appraiser shall not be issued in any class
other than real estate appraiser trainee unless the applicant has passed a qualifying examination
approved by the AQB of the Appraisal Foundation for such license.
Present law provides requirements for continuing education.
Proposed law makes changes to requirements for continuing education.
Proposed law provides that it is the duty of each licensed real estate appraiser to notify the board
within 10 days by registered or certified mail or by hand delivery of any sanction imposed on the
appraiser by another jurisdiction.
Present law provides that a licensed real estate appraiser shall comply with generally accepted
standards of professional practice in the development and communication of appraisals of real
estate located in this state and with generally accepted ethical rules of conduct as contained in the
"Uniform Standards of Professional Appraisal Practice", or its successor, as approved by the
Appraisal Subcommittee of the Federal Financial Institutions Examination Council, or its
successor.
Proposed law provides that a licensed real estate appraiser shall comply with generally accepted
standards of professional practice in the development and communication of appraisals of real
estate located in this state and with generally accepted ethical rules of conduct as contained in the "Uniform Standards of Professional Appraisal Practice", or its successor, as approved by the
Appraisal Standards Board of the Appraisal Foundation or its successor.
(Amends R.S. 37:3396(B), (D), and (F)(2), 3397(B)(1), (3)(intro. para.), and (d)-(f), (4), and (5),
3398(A), 3401(B), (C)(intro. para.) and (3), 3408(B), (C)(2), (E), and 3410(A); Adds R.S.
37:3392(13), 3397.1, and 3409(E)(4); Repeals R.S. 37:3397(B)(6), (C), and (D), 3398(D), and
3401(D)) Summary of Amendments Adopted by House
Committee Amendments Proposed by House Committee on Commerce to the original bill.
1. Removed proposed changes to allow members of the La. Real Estate Appraisers Law
to serve three consecutive terms.
2. Made technical corrections and changes to clarify language.
House Floor Amendments to the engrossed bill.
1. Made technical amendments.