Section 338.2238 - State licensed real estate appraiser, certified general real estate appraiser, certified residential real estate appraiser, or limited real estate appraiser; fees; inclusion of fede - Michigan Statutes

STATE LICENSE FEE ACT (EXCERPT)
Act 152 of 1979

338.2238 State licensed real estate appraiser, certified general real estate appraiser, certified residential real estate appraiser, or limited real estate appraiser; fees; inclusion of federal fee; establishment, administration, funding, and utilization of real estate appraiser education fund; unexpended balance to be carried forward.

Sec. 38.

(1) Fees for an individual licensed or seeking licensure as a state licensed real estate appraiser, a certified general real estate appraiser, a certified residential real estate appraiser, or a limited real estate appraiser under article 26 of the occupational code, MCL 339.2601 to 339.2637, are as follows:

(a) Application processing fees: (i) Certified general real estate appraiser as follows: (A) If paid after September 30, 2012........................ $ 25.00 (B) Beginning October 1, 2003 through September 30, 2012........................ $ 35.00 (ii) Certified residential real estate appraiser as follows: (A) If paid after September 30, 2012........................ $ 25.00 (B) Beginning October 1, 2003 through September 30, 2012........................ $ 35.00 (iii) State licensed real estate appraiser as follows: (A) If paid after September 30, 2012........................ $ 25.00 (B) Beginning October 1, 2003 through September 30, 2012........................ $ 35.00 (iv) Limited real estate appraiser as follows: (A) If paid after September 30, 2012........................ $ 25.00 (B) Beginning October 1, 2003 through September 30, 2012........................ $ 35.00 (b) Examination fees, if the department conducts its own examination: (i) Certified general real estate appraiser.... $ 100.00 (ii) Certified residential real estate appraiser.................................. $ 100.00 (iii) State licensed real estate appraiser....... $ 100.00 (c) License fee, per year: (i) Certified general real estate appraiser.... $ 175.00 (ii) Certified residential real estate appraiser.................................. $ 175.00 (iii) State licensed real estate appraiser....... $ 175.00 (iv) Limited real estate appraiser.............. $ 125.00 (d) Temporary permit fee....................... $ 125.00

(2) The license fee includes a fee imposed by the federal government under sections 1113 and 1114 of title XI of the financial institutions reform, recovery, and enforcement act of 1989, Public Law 101-73, 12 USC 3331 to 3351, for certified general real estate appraisers, certified residential real estate appraisers, and state licensed real estate appraisers, which shall not exceed $50.00 per licensee and which the department shall collect and pay to the federal government pursuant to section 2637 of the occupational code, MCL 339.2637.

(3) The real estate appraiser education fund is established in the state treasury and shall be administered by the department. Ten dollars of each fee received under subsection (1)(c) shall be deposited with the state treasurer to the credit of the real estate appraiser education fund. The department shall utilize the real estate appraiser education fund only for the operation of departmental programs related to the education required of all licensees or applicants for licensure under article 26 of the occupational code, MCL 339.2601 to 339.2637. Any unexpended balance in the real estate appraiser education fund at the end of a fiscal year shall carry forward to the next fiscal year.

History: Add. 1990, Act 268, Imd. Eff. Oct. 17, 1990 ;-- Am. 1999, Act 171, Imd. Eff. Nov. 10, 1999 ;-- Am. 2003, Act 87, Imd. Eff. July 23, 2003 ;-- Am. 2007, Act 77, Imd. Eff. Sept. 30, 2007
Compiler's Notes: For transfer of powers and duties of certain occupational functions, boards, and commissions from the Department of Licensing and Regulation to the Department of Commerce, see E.R.O. No. 1991-9, compiled at MCL 338.3501 of the Michigan Compiled Laws.