REPORT TITLE:
Real Property Appraisers


DESCRIPTION:
Exempts any appraiser employed by any county for purposes of
valuing real property for ad valorem taxation from regulation
under chapter 466K, Hawaii Revised Statutes.  (HB1522 HD1)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        1522
HOUSE OF REPRESENTATIVES                H.B. NO.           H.D. 1
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 provide that the
 
 2 requirements of chapter 466K, Hawaii Revised Statutes, do not
 
 3 apply to real estate appraisers employed by the counties for the
 
 4 purposes of ad valorem taxation.
 
 5      SECTION 2.  Section 466K-1, Hawaii Revised Statutes, is
 
 6 amended to read as follows:
 
 7      "466K-1 Findings and purpose.  The legislature finds that
 
 8 the regulation of real estate appraisers is reasonably necessary
 
 9 to protect consumers.  The legislature further finds that 12
 
10 United States Code 3301 et seq. requires that real estate
 
11 appraisals utilized in connection with federally related
 
12 transactions be performed by individuals who are certified
 
13 appraisers.  The purposes of this chapter are to implement the
 
14 requirements of 12 United States Code 3301 et seq. and to
 
15 require that all real estate appraisals be performed by licensed
 
16 or certified appraisers.  The requirements of this chapter do not
 
17 apply to any real estate appraiser employed by any county for
 
18 purposes of valuing real property for ad valorem taxation."
 

 
Page 2                                                     1522
                                     H.B. NO.           H.D. 1
                                                        
                                                        

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