Occupational Board Reform Act

General Information

Committee of Jurisdiction:Banking, Commerce and Insurance
Occupation Regulated:Real Property Appraisers and Appraisal Management Companies
Occupational Board:Nebraska Real Property Appraiser Board
Contact:Tyler Kohtz
Purpose:The Real Property Appraiser Board was established to carry out Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ("FIRREA") [Exhibit #1]. See attachment titled, "NRPAB Expanded Explanations for Questions on OBRA Survey."
Regulated Professionals:822 Real Property Appraisers and 90 Appraisal Management Companies.
Year Created:1991
Year Active:19
Sunset Date:None

Authorization

Statutory Authorization:Neb. Rev. Stat. §§ 76-2201 to 76-2250, and Neb. Rev. Stat. §§ 76-3201 to 76-3222
Parent Agency:None

Membership

Number of Members:Five
Who Appoints:Governor
Legislative Approval:No
Qualifications of Members:The NRPAB consists of five members; three members are certified real property appraisers representing each of the three congressional districts; two members are at-large: one representative of financial institutions, one licensed real estate broker.
Per Diem:Yes
Expense Reimbursement:Yes
Term Length:Five years.
Terms Rotate or Expire at Once:Terms Rotate

Meetings

Required FY 2020-2019:0
Held FY 2020-2019:10
Required FY 2019-2018:0
Held FY 2019-2018:13
Required FY 2018-2017:0
Held FY 2018-2017:13
Required FY 2017-2016:0
Held FY 2017-2016:13
Required FY 2016-2015:0
Held FY 2016-2015:12

Operations

Support Staff:Two staff members provide administrative support to an agency director.
Shared or Separate:Separate
FY 2020-2019 Budget:447401
FY 2019-2018 Budget:383056
FY 2018-2017 Budget:454462
FY 2017-2016 Budget:388173
FY 2016-2015 Budget:462584
Other Funding Sources:None.
Spending Authority:Neb. Rev. Stat. § 76-2241 and Neb. Rev. Stat. § 76-3219.

Other

Government Certificates Issued:1310
Issued Certificate Descriptions:The Board issues real property appraiser credentials in four classifications, temporary real property appraiser credentials, and registers AMCs. See attachment titled, "NRPAB Expanded Explanations for Questions on OBRA Survey.
Government Certificates Revoked:1
Revoked Certificate Descriptions:See attachment titled, "NRPAB Expanded Explanations for Questions on OBRA Survey."
Government Certificates Denied:25
Denied Certificate Descriptions:The majority of the real property appraiser applicant denials are due to not meeting the minimum standards in the Real Property Appraiser Qualifications Criteria. See attachment titled, "NRPAB Expanded Explanations for Questions on OBRA Survey."
Government Certificates Penalties Against:4
Penalty Certificate Descriptions:The intent of the Board’s regulatory program is to be educational in practice when possible. See attachment titled, "NRPAB Expanded Explanations for Questions on OBRA Survey."
Explanation of Effectiveness:https://nebraskalegislature.gov/pdf/SurveyDocs/explanation1600974771.pdf
Potential HarmCeasing to credential real property appraisers and registering appraisal management companies would cause significant harm to public trust, and put the State of Nebraska out of compliance with Title XI. See attachment titled, "NRPAB Expanded......"
Regulation Comparison:https://nebraskalegislature.gov/pdf/SurveyDocs/comparison1600974771.pdf
Subject to Regulations of Act(LB407):No
Survey Submitted: September 24, 2020 02:12 PM