TITLE 876 INDIANA REAL ESTATE COMMISSION

Under IC 4-22-2-23, the Indiana Real Estate Commission intends to adopt a rule concerning the following:

OVERVIEW: Amends 876 IAC 3-2-3 to clarify the type of work that may be done by different types of licensees. Amends 876 IAC 3-3-2 to delete outdated language. Amends 876 IAC 3-3-3.1 to change the Indiana trainee appraiser education hours from ninety (90) hours to seventy-five (75) classroom hours of specific course content and remove outdated language. Amends 876 IAC 3-3-4.1 to state educational requirements for Indiana certified residential appraiser's applicants who hold another license. Amends 876 IAC 3-3-5.1 to state educational requirements for Indiana certified general appraiser's applicants who hold another license. Amends 876 IAC 3-3-6 and 876 IAC 3-3-7 to correct a cross reference. Amends 876 IAC 3-3-8 to change a cross reference. Amends 876 IAC 3-3-9 to clarify application requirements. Amends 876 IAC 3-3-10 to provide clarification and to bring it into compliance with federal requirements. Amends 876 IAC 3-3-11 to clarify terminology. Amends 876 IAC 3-3-12 to provide clarification and to eliminate redundancy. Amends 876 IAC 3-3-13.1 to provide a new table for clarification of residential appraisal experience requirements for applicants. Amends 876 IAC 3-3-13.2 to provide a new table for clarification of general appraisal experience requirements for applicants. Amends 876 IAC 3-3-14 to correct a cross reference. Amends 876 IAC 3-3-15, 876 IAC 3-3-16, and 876 IAC 3-3-17 to remove outdated language. Amends 876 IAC 3-3-21 to allow four (4) rather than three (3) temporary permits per calendar year and clarify what constitutes an appraisal assignment for a temporary permit. Amends 876 IAC 3-5-2 to provide clarification and to allow continuing education credit to an appraiser who attends a board meeting with a minimum of two (2) hours in length but may not exceed seven (7) hours. Amends 876 IAC 3-5-2.5 to allow approval of continuing education courses by the board to be sought by an appraiser taking the course as well as by the course provider. Effective 30 days after filing with the Publisher. Statutory authority: IC 25-34.1-3-8.

For purposes of IC 4-22-2-28.1, the Small Business Regulatory Coordinator for this rule is:

Deanna Alexander

Commission Director, Indiana Real Estate Commission

Indiana Professional Licensing Agency

Indiana Government Center South

402 West Washington Street, Room W072

Indianapolis, IN 46204

(317) 234-3046

dealexander@pla.in.gov

For purposes of IC 4-22-2-28.1, the Small Business Ombudsman designated by IC 5-28-17-6 is:

Katelyn Colclazier

Small Business Ombudsman

Indiana Economic Development Corporation

One North Capitol, Suite 700

Indianapolis, IN 46204

(317) 431-1560

kcolclazier@iedc.in.gov

Resources available to regulated entities through the small business ombudsman include the ombudsman's duties stated in IC 5-28-17-6, specifically IC 5-28-17-6(9), investigating and attempting to resolve any matter regarding compliance by a small business with a law, rule, or policy administered by a state agency, either as a party to a proceeding or as a mediator.

DIN: 20180131-IR-876180065NIA

Composed: May 04,2024 1:19:29PM EDT

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