ARC 7258C
REAL ESTATE APPRAISER EXAMINING BOARD[193F]
Notice of Intended Action
Proposing rulemaking related to definitions
and providing an opportunity for public comment
The Real Estate Appraiser Examining Board hereby proposes to rescind Chapter 2, “Definitions,” Iowa Administrative Code, and to adopt a new chapter with the same title.
Legal Authority for Rulemaking
This rulemaking is proposed under the authority provided in Iowa Code section 543D.5.
State or Federal Law Implemented
This rulemaking implements, in whole or in part, Iowa Code chapter 543D and Executive Order 10.
Purpose and Summary
Proposed Chapter 2 establishes the definitions of acronyms and terms used in the licensing and regulation of the Board. This aids licensees and the general public in understanding terms used throughout the Board’s rules.
Fiscal Impact
This rulemaking has no fiscal impact to the State of Iowa.
Jobs Impact
After analysis and review of this rulemaking, no impact on jobs has been found.
Waivers
Any person who believes that the application of the discretionary provisions of this rulemaking would result in hardship or injustice to that person may petition the Department of Inspections, Appeals, and Licensing for a waiver of the discretionary provisions, if any, pursuant to 481—Chapter 6.
Public Comment
Any interested person may submit written or oral comments concerning this proposed rulemaking. Written or oral comments in response to this rulemaking must be received by the Board no later than 4:30 p.m.	on February 14, 2024. Comments should be directed to:

Kimberly Gleason, Board Administrator
Iowa Department of Inspections, Appeals, and Licensing
6200 Park Avenue, Suite 100
Des Moines, Iowa 50321
Phone: 515.725.8145
Fax: 515.725.9032
Email: kimberly.gleason@dia.iowa.gov	
Public Hearing
Public hearings at which persons may present their views orally or in writing will be held as follows:

February 13, 2024
10:40 to 11 a.m.	6200 Park Avenue
Des Moines, Iowa
Video call link: meet.google.com/zuu-vunu-dcc	
February 14, 2024
10:40 to 11 a.m.	6200 Park Avenue
Des Moines, Iowa
Video call link: meet.google.com/zuu-vunu-dcc	
Persons who wish to make oral comments at a public hearing may be asked to state their names for the record and to confine their remarks to the subject of this proposed rulemaking.
Any persons who intend to attend a public hearing and have special requirements, such as those related to hearing or mobility impairments, should contact the Board and advise of specific needs.
Review by Administrative Rules Review Committee
The Administrative Rules Review Committee, a bipartisan legislative committee which oversees rulemaking by executive branch agencies, may, on its own motion or on written request by any individual or group, review this rulemaking at its regular monthly meeting or at a special meeting. The Committee’s meetings are open to the public, and interested persons may be heard as provided in Iowa Code section 17A.8(6).
The following rulemaking action is proposed:
	Item 1. Rescind 193F—Chapter 2 and adopt the following new chapter in lieu thereof:
CHAPTER 2
DEFINITIONS
193F—2.1(543D) Applicability. The following definitions apply to the rules of the real estate appraiser examining board.
“Appraisal Foundation” means the same as defined in Iowa Code section 543D.2(3).
“Appraisal subcommittee” means the appraisal subcommittee of the Federal Financial Institutions Examination Council.
“AQB” means the Appraiser Qualifications Board of the Appraisal Foundation.
“AQB Criteria” or “the Criteria” means the Real Property Appraiser Qualification Criteria and Interpretations of the Criteria, effective as of January 1, 2022.
“ASB” means the Appraisal Standards Board of the Appraisal Foundation.
“Associate real property appraiser” means the same as defined in Iowa Code section 543D.2(6).
“Certified appraiser” means an individual who has been certified in one of the following two classifications:
	1.	The certified residential real property appraiser classification is qualified to appraise one to four residential units without regard to value or complexity.
	2.	The certified general real property appraiser classification is qualified to appraise all types of real property.
“Director” means the same as defined in Iowa Code section 543D.2(9)“a.”
“FFIEC” means the Federal Financial Institutions Examination Council.
“FIRREA” means the Financial Institutions Reform Recovery and Enforcement Act of 1989.
“USPAP” means the Uniform Standards of Professional Appraisal Practice published by the Appraisal Foundation, effective as of January 1, 2024.
This rule is intended to implement Iowa Code section 543D.2.