HB 1103
Eliminates a requirement that banks, savings institutions, and credit unions file a certain notice with the Missouri Real Estate Appraisers Commission
Sponsor:
LR Number:
4239L.01T
Last Action:
7/12/2012 - Signed by Governor
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2012
House Handler:

Current Bill Summary

HB 1103 - This act modifies provisions relating to private roads and real estate appraisal.

ESTABLISHMENT, IMPROVEMENT, & MAINTENANCE OF PRIVATE ROADS

(Sections 228.341, 228.368, 228.369 & 228.374)

This act establishes a process for establishing a plan of maintenance for private roads when adjoining homeowners or homeowners who hold easements to use private roads are unable to agree in writing upon a plan of maintenance for a private road. One or more of the homeowners may petition the circuit court for an order establishing a plan of maintenance.

The cost of the maintenance plan for a private road must be apportioned among the homeowners according to the use and benefit to the residential property benefitted by the access as mutually agreed by the homeowners or as ordered by the court. The method of apportionment established by the homeowners or ordered by the court may be based on equal division, residential assessed value, usage or benefit or other methods.

A court may implement the same procedures to order a plan of maintenance for establishing or widening a private road. The court may also appoint disinterested commissioners to determine a maintenance plan and the apportionment of costs.

If homeowners are unable to agree upon the designation of a supervisor to complete a maintenance plan, then the commissioners appointed by the court shall designate a supervisor. The appointed supervisor shall be compensated in the same manner as the commissioners.

Any agreement executed by all owners for or final order approving a plan of maintenance shall be recorded with the county recorder of deeds. Adjoining landowners or holders of an easement to use a private road may bring an action to enforce the maintenance plan, whether as mutually agreed or as ordered by the court.

The act allows a prior agreement or court order establishing a plan of maintenance to be amended or modified and may be restated at any time by a recorded agreement signed by all the homeowners or other benefitted owners. A court proceeding to amend, modify, or restate a plan of maintenance shall not be filed sooner than 7 years from the entry of a prior order unless there is prima facie evidence showing that the real property benefitted by the private road has been developed or divided in a manner rendering the plan of maintenance obsolete or showing that the existing apportionment of the use and benefit is inequitable.

For the purposes of obtaining a maintenance order, the act defines "private road" as any private road established under chapter 228 or any easement of access which provides a mean of ingress and egress by motor vehicle for any owners of residences from such homes to a public road. The act specifies that private roads do not include roads owned by the United States, the state of Missouri, or other political subdivisions. The provisions of law that pertain to the establishment and maintenance of private roads shall not apply to roads created by or included in any recorded plat referencing or referenced in an indenture or declaration creating an owner's association, regardless of whether such road is designated as a common element. In addition, the private road statutes shall not apply to any land or property owned or operated by any railroad regulated by the Federal Railroad Administration.

These provisions are similar to HCS#2/HB 1524 (2012) and HCS/SCS/SB 635 (2012)

REAL ESTATE APPRAISAL

(Sections 339.500-339.549)

This act modifies provisions regarding real estate appraisers and appraisal management companies. The Missouri Certified and Licensed Real Estate Appraisers Act is renamed the Missouri Certified and Licensed Real Estate Appraisers and Appraisal Management Company Regulation Act.

The following trainee licenses are created: state-licensed appraiser trainee, state-certified residential appraiser trainee, and state-certified general appraiser trainee. The Missouri Real Estate Appraisers Commission is required to adopt rules and procedures for issuing and regulating the three appraiser trainee licenses. To renew a trainee license, the individual must request an extension at least 30 days before the expiration of the license. Licensed trainees must place their license number beside their title on reports or other documents used in conducting appraisals. Licensed trainees must disclose their addresses to the Commission and any change in address. The Commission may cause complaints to be filed with the Administrative Hearing Commission against licensed trainees. Licensed trainees must comply with the Uniform Standards of Professional Appraisal Practice.

The Missouri Real Estate Appraisers Fund is renamed the Missouri Real Estate Appraisers and Appraisal Management Company Fund. The authority is removed for the Missouri Real Estate Appraisers Commission to extend the terms of certificates or licenses for individuals that failing to renew. The Commission can only issue inactive certificates or licenses for state-certified real estate appraisers or state-licensed real estate appraisers.

The requirement that the signature of the chairman of the Commission and a certificate or assigned license number be on each certificate or license is removed.

Appraisal management companies are exempted from certain licensing and examination requirements. Appraisal management companies must disclose their license numbers on engagement letters. They must notify the Commission of a change in their controlling person, agent of record, ownership, or address within 30 days of a change. The Commission may cause complaints to be filed with the Administrative Hearing Commission against appraisal management companies other than natural persons. Appraisal management company records must be retained for five years and made promptly available to the Commission for inspection and copying. It will be a class B misdemeanor for any company or controlling person to practice any deception or fraud in its identity in connection with an application or holding out to the public or representation as a licensed appraisal management company when it is not. The Commission is required to maintain a registry of the names and addresses of appraisal management companies .

The act adds influencing the development, reporting, or review of an appraisal through certain methods as a reason for the Commission to file a complaint.

These provisions are similar to HB 1988 (2012), CCS/HCS/SCS/SB 635 (2012), HCS/SB 667 (2012), and HCS/SB 813 (2012).

MIKE HAMMANN

Amendments