Mo. Code Regs. tit. 20 § 2245-5.020
Current through Register Vol. 49, No. 24, December 16, 2024
Section 20 CSR 2245-5.020 - Application, Certificate, and License FeesPURPOSE: This rule sets the fees of original issue and annual fees.
(1) The following fees shall be paid by real estate appraiser applicants and licensees for original application, issuance, and renewal of certificates or licenses: (A) Application - to be paid upon original application for certification or licensure to defray the expense of processing and investigating the application | $300 |
(B) License/Certification Renewal | $300 |
(C) Trainee Renewal | $ 25 |
(D) Delinquent Renewal (per month not to exceed a maximum of $600) | $ 50 |
(E) Reissuance of a certificate or license, or replacement of a lost, destroyed, or stolen certificate or license | $ 5 |
(F) Reissuance of a wallhanging certificate, or replacement of a lost, destroyed, or stolen wallhanging certificate | $ 15 |
(G) Temporary Practice Permit (valid for six (6) months) | $150 |
(H) Letter of Good Standing (per letter) | $ 10 |
(I) Fingerprint Background Check - Determined by the Missouri State Highway Patrol (MSHP) or its approved vendor | |
(J) Continuing Education Course Approval (per course) | $ 25 |
(K) Continuing Education Course Renewal (per course) | $ 10 |
(L) Reinstatement | $300 |
(M) Inactive Renewal | $ 50 |
(2) The following fees shall be paid by appraisal management companies (AMC) for original application, issuance, and renewal of license: (A) Initial Application | $350 |
(B) License Renewal | $350 |
1. Federal AMC covered transactions (per appraiser) | $ 25* |
(C) Delinquent Renewal | $100 |
(E) Fingerprint Background Check - Determined by the Missouri State Highway Patrol (MSHP) or its approved vendor | |
(F) Appraisal Subcommittee (per appraiser) | $ 25** |
(3) The commission will collect the fees outlined in 20 CSR 2245-5.020(2)(B) 1. and (F) yearly. The commission will send notification to the licensed AMCs in January of each year which outlines the reporting period and instructions for the collection of said fees.(4) Fees shall be remitted and received by the office no later than the date specified on the notice to ensure that the commission is able to include the AMC on the national registry submission sent to the Appraisal Subcommittee. Failure to receive said fees by the date specified on the notice will not guarantee the submission of the AMC on the national registry.(5) All fees are nonrefundable.* For those AMC's that meet the federal definition of AMC as defined in 12 U.S.C. 3350(11): an additional twenty-five dollars ($25) multiplied by the number of appraisers who have performed an appraisal for the AMC in connection with a covered transaction during the reporting period shall be remitted.
**Appraisal management companies that are owned and controlled by an insured depository institution as defined in 12 U.S.C. 1813 and regulated by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, or the Federal Deposit Insurance Corporation are to remit a check made payable to the Appraisal Subcommittee no later than the date specified on the notice. The amount to be remitted shall be determined by multiplying the number of appraisers who have performed an appraisal for the AMC in connection with a covered transaction by twenty-five dollars ($25) for each reporting period.
AUTHORITY: sections 339.509, 339.513, and 339.525.4, RSMo Supp. 2012.* This rule originally filed as 4 CSR 245-5.020. Emergency rule filed Dec. 6, 1990, effective Dec. 16, 1990, expired April 14, 1991. Emergency rule filed April 4, 1991, effective April 14, 1991, expired Aug. 11, 1991. Original rule filed Jan. 3, 1991, effective April 29, 1991. Amended: Filed Aug. 15, 1991, effective Jan. 13, 1992. Amended: Filed Jan. 3, 1994, effective June 6, 1994. Emergency amendment filed March 14, 1994, effective March 24, 1994, expired June 5, 1994. Emergency amendment filed March 24, 1995, effective April 3, 1995, expired July 31, 1995. Amended: Filed Jan. 7, 1995, effective June 30, 1995. Amended: Filed Sept. 12, 1996, effective March 30, 1997. Amended: Filed Sept. 1, 1998, effective Feb. 28, 1999. Amended: Filed June 22, 1999, effective Dec. 30, 1999. Amended: Filed April 13, 2001, effective Oct. 30, 2001. Amended: Filed June 25, 2004, effective Feb. 28, 2005. Moved to 20 CSR 2245-5.020, effective Aug. 28, 2006. Amended: Filed Nov. 21, 2006, effective July 30, 2007. Amended: Filed Nov. 15, 2007, effective May 30, 2008. Amended: Filed Aug. 27, 2009, effective Feb. 28, 2010. Amended: Filed Nov. 13, 2012, effective June 30, 2013. Amended by Missouri Register August 1, 2018/Volume 43, Number 15, effective 10/1/2018Amended by Missouri Register May 1, 2019/Volume 44, Number 9, effective 7/1/2019Amended by Missouri Register October 1, 2024/volume 49, Number 19, effective 11/30/2024.*Original authority: 339.509, RSMo 1990, amended 1998, 2012; 339.513, RSMo 1990, amended 1990, 1998, 2007, 2012; and 339.525, RSMo 1990, amended 1997, 2007, 2012.