Under IC 4-22-2-24, notice is hereby given that on April 29, 2014, at 10:30 a.m., at the Indiana Government Center South, 402 West Washington Street, Room W064, Indianapolis, Indiana, the Indiana Real Estate Commission will hold a public hearing on a proposed rule that amends 876 IAC 3-5-2 regarding the board's authority to approve real estate appraiser continuing education courses, removing the exception of courses over seven hours in length, amends 876 IAC 3-3-19 to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding licensing requirements for individuals licensed in another state, and amends 876 IAC 3-5-1 to comply with the Dodd-Frank Act regarding continuing education requirements for trainee appraisers.

This rule is essential to comply with federal requirements as well as to remove the restriction that only the Appraisal Qualifications Board and not the Board may approve continuing education courses that are over seven hours in length. This rule change will allow a provider to have the option of obtaining Board approval or approval from the Appraisal Qualifications Board.

Copies of these rules are now on file at the Indiana Government Center South, 402 West Washington Street, Room W072 and Legislative Services Agency, Indiana Government Center North, 100 North Senate Avenue, Room N201, Indianapolis, Indiana and are open for public inspection.