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Third Substitute S.B. 84

Senator Curtis S. Bramble proposes the following substitute bill:


             1     
REAL ESTATE VALUATION TAX APPEAL

             2     
2002 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Sponsor: Curtis S. Bramble

             5      This act amends the Real Estate Appraiser Licensing and Certification Act and the Revenue
             6      and Taxation Code. This act exempts real estate brokers, real estate sales agents, and other
             7      persons from real estate appraiser licensing and certification requirements when giving an
             8      opinion regarding the value of real estate in certain circumstances. The act makes technical
             9      changes.
             10      This act affects sections of Utah Code Annotated 1953 as follows:
             11      AMENDS:
             12          59-2-701, as last amended by Chapter 214, Laws of Utah 2001
             13          61-2b-3, as last amended by Chapter 117, Laws of Utah 1999
             14      Be it enacted by the Legislature of the state of Utah:
             15          Section 1. Section 59-2-701 is amended to read:
             16           59-2-701. Appraisal by certified or licensed appraisers only -- Exception --
             17      Certification of elected county assessors.
             18          (1) (a) Any person performing an appraisal for purposes of establishing fair market value
             19      of real estate or real property for the assessment roll shall be the holder of an appraiser's certificate
             20      or license issued by the Division of Real Estate under Title 61, Chapter 2b, except uncertified or
             21      unlicensed appraiser trainees may, for up to 36 months after the date of hire or appointment as an
             22      appraiser trainee, appraise property under the direction of a holder of an appraiser's certificate or
             23      license issued by the division.
             24          (b) Subsection (1)(a) does not apply to:
             25          (i) any person who states an opinion of value if no consideration is paid or agreed to be


             26      paid for the opinion and no other party is reasonably expected to rely on the person's appraisal
             27      expertise; or
             28          (ii) any person described in Subsection (2) representing or assisting a taxpayer in a real
             29      property tax appeal, provided:
             30          (A) the person follows the Uniform Standards of Professional Practice adopted by the Utah
             31      Appraiser Licensing and Certification Board; and
             32          (B) the person registers with the county assessor's office prior to or at the time of the
             33      appeal, by completing and filing with the county assessor's office a registration form as described
             34      in Subsection (3).
             35          (2) Subsection (1)(b)(ii) applies to any of the following persons:
             36          (a) a principal real estate broker or associate real estate broker, as defined in Section
             37      62-2-2 , who provides an opinion of value for a parcel of real property; or
             38          (b) any person, including a real estate sales agent, as defined in Section 61-2-2 , who
             39      provides an opinion of value for a parcel of real property whose fair market value is less than the
             40      "transaction value" set forth in Real Estate Lending and Appraisals, 12 C.F.R. Sec. 34.43(a)(l), as
             41      that "transaction value" may be adjusted from time to time.
             42          (3) The registration form referred to in Subsection (1)(b)(ii)(B) will be substantially similar
             43      to the following:
             44     
REGISTRATION TO OFFER OPINION OF

             45     
VALUE IN REAL ESTATE PROPERTY TAX APPEAL(S)

             46     
(to be submitted to the County Assessor's Office before offering a value opinion in any appeal)

             47      Name: _______________________________________________________________________
             48          (please print)
             49      Address: _________________________ City: ______________________ State: ___________
             50      Office Phone: ___________________ Home Phone: _________________ e-Mail: __________
             51      Date of Birth ___________________ Social Security # ________________________________
             52      My registration is for (choose one):
             53      ___ Appeal(s) on the following property(s), by parcel number(s): __________________________
             54      ___ Any property tax appeals for the tax year 20__.
             55     
HONESTY

             56      YOU MUST ANSWER BOTH QUESTIONS


             57      1. Yes No    Have you in the last 5 years been convicted of, or plead guilty or no contest to, any
             58      ___ ___    offense of fraud, misrepresentation, theft, or deceit? If yes, describe.
             59      2. Yes No    Have you in the last 5 years had a civil judgment entered against you for fraud,
             60      ___ ___    misrepresentation, theft, or deceit? If yes, describe.
             61     
COMPETENCE

             62      YOU MUST CHECK AT LEAST ONE. Please fill out the applicable section completely.
             63      ___    I am a licensed principal or associate real estate broker in the state of Utah. My license
             64      number is: __________________ . It expires: _____________ . I certify that my
             65      opinion(s) of value will be in compliance with the Uniform Standards of Appraisal Practice
             66      as currently adopted by the Utah Appraiser Licensing and Certification Board.
             67      ___    I am not currently licensed in Utah as either an appraiser or real estate broker. I
             68      acknowledge that I may not offer an opinion of value in a tax appeal for any parcel of real
             69      property whose fair market value exceeds $______ [the "transaction value" set forth in
             70      Real Estate Licensing and Appraisals, 12 C.F.R. Sec. 34.43(a)(l), as that "transaction
             71      value" may be adjusted from time to time]. I certify that my opinion(s) of value will be in
             72      compliance with the Uniform Standards of Appraisal Practice as currently adopted by the
             73      Utah Appraiser Licensing and Certification Board. (If you have a real estate sales agent
             74      license, list the # ______________ and expiration date ____________________.)
             75      Date: _________________________________
             76      Signature: _____________________________
             77      SUBSCRIBED AND SWORN to before me this _________ day of __________ , _____________
             78                              _________________________________________
             79                              NOTARY PUBLIC
             80          [(2)] (4) The limitations on appraisal authority under Subsections 61-2b-10 (1) and (2) and
             81      Section 61-2b-13 do not apply to a person performing an appraisal for purposes of establishing fair
             82      market value for the assessment roll.
             83          [(3)] (5) The commission may prescribe additional requirements for any person performing
             84      an appraisal for purposes of establishing fair market value for the assessment roll.
             85          [(4)] (6) The commission may, by rule, establish qualifications for personal property
             86      appraisers exempt from licensure under Title 61, Chapter 2b, Real Estate Appraiser Licensing and
             87      Certification Act.


             88          [(5)] (7) It is the duty of a county assessor, as established in Section 17-17-1 , to ensure that
             89      the assessor's office is in compliance with this section and any additional rules or requirements for
             90      property appraisers established by the commission.
             91          Section 2. Section 61-2b-3 is amended to read:
             92           61-2b-3. License or certification required.
             93          (1) Except as provided in Subsection (2), it is unlawful for anyone to prepare, for valuable
             94      consideration, an appraisal, an appraisal report, a certified appraisal report, or perform a
             95      consultation service relating to real estate or real property in this state without first being
             96      registered, licensed, or certified in accordance with the provisions of this chapter.
             97          (2) This section does not apply to:
             98          (a) a principal real estate broker, associate real estate broker, or real estate sales agent, as
             99      defined by Section 61-2-2 [licensed by this state], who, in the ordinary course of [his] business,
             100      gives an opinion[: (i)] regarding the value of real estate[;]:
             101          [(ii)] (i) to a potential seller or third party recommending a listing price of real estate; [or]
             102          [(iii)] (ii) to a potential buyer or third party recommending a purchase price of real estate;
             103          (iii) as allowed under Subsections 59-2-701 (1)(b) and (2); or
             104          (iv) in connection with any tax matter or proceeding;
             105          (b) an employee of a company who states an opinion of value or prepares a report
             106      containing value conclusions relating to real estate or real property solely for the company's use;
             107          (c) any official or employee of a government agency while acting solely within the scope
             108      of his duties, unless otherwise required by Utah law;
             109          (d) an auditor or accountant who states an opinion of value or prepares a report containing
             110      value conclusions relating to real estate or real property while performing an audit;
             111          (e) an individual, except an individual who is required to be registered, licensed, or
             112      certified under this chapter, who states an opinion about the value of property in which he has an
             113      ownership interest;
             114          (f) an individual who states an opinion of value if no consideration is paid or agreed to be
             115      paid for the opinion and no other party is reasonably expected to rely on the individual's appraisal
             116      expertise;
             117          (g) an individual, such as a researcher or a secretary, who does not render significant
             118      professional assistance, as defined by the board, in arriving at a real estate appraisal analysis,


             119      opinion, or conclusion; or
             120          (h) an attorney authorized to practice law in this state who, in the course of his practice,
             121      utilizes an appraisal report governed by this chapter or who states an opinion of the value of real
             122      estate.
             123          (3) No opinion of value or report containing value conclusions exempt under Subsection
             124      (2) may be referred to as an appraisal.


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