California Code of Regulations › Title 10 - Investment › Chapter 6.5 - Bureau of Real Estate Appraisers › Article 4 - Application Process › Section 3575 - Appraisal Management Company Certificate of Registration Application

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Applications
				for a Certificate of Registration shall be valid for one year from the date of
				receipt by the Bureau. The one-year period shall not be extended.
(b) Applicants for a Certificate of
				Registration shall have an appropriate knowledge of the English language,
				including reading, writing and spelling, and of arithmetic computations common
				to real estate and appraisal practice.
(c) Applicants for a Certificate of
				Registration must submit an Appraisal Management Company Certificate of
				Registration Application Form REA 5001 (Rev. 01/01/2023), which is hereby
				incorporated by reference.
(d)
				Applicants for a Certificate of Registration must also submit a separate
				application for each Controlling Person for the company. Each Controlling
				Person must complete an Appraisal Management Company (AMC) Controlling Person
				Application Form REA 5002 (Rev. 04/01/2020), which is hereby incorporated by
				reference.
(e) All applicants for a
				Certificate of Registration must submit the names of all Controlling Persons,
				including the name of the Designated Officer, as these terms are defined
				herein.
1. New article
				  4 (sections
				  3575-3577) and section filed
				  1-21-2010 as an emergency; operative 1-21-2010 (Register 2010, No. 4). A
				  Certificate of Compliance must be transmitted to OAL by 7-20-2010 or emergency
				  language will be repealed by operation of law on the following
				  day.
2. New article 4 (sections
				  3575-3577) and section refiled
				  7-21-2010 as an emergency; operative 7-21-2010 (Register 2010, No. 30). A
				  Certificate of Compliance must be transmitted to OAL by 10-19-2010 or emergency
				  language will be repealed by operation of law on the following
				  day.
3. New article 4 (sections
				  3575-3577) and section refiled
				  10-18-2010 as an emergency; operative 10-18-2010 (Register 2010, No. 43). A
				  Certificate of Compliance must be transmitted to OAL by 1-18-2011 or emergency
				  language will be repealed by operation of law on the following
				  day.
4. Certificate of Compliance as to 10-18-2010 order, including
				  amendment of subsections (c)-(d), transmitted to OAL 12-17-2010 and filed
				  1-31-2011 (Register 2011, No. 5).
5. Change without regulatory
				  effect amending subsection (a) filed 2-11-2014 pursuant to section
				  100, title 1, California Code of
				  Regulations (Register 2014, No. 7).
6. Amendment of subsection (d)
				  and NOTE filed 3-22-2018; operative 7-1-2018 (Register 2018, No.
				  12).
7. Amendment of subsection (c) filed 6-27-2019; operative
				  10-1-2019 (Register 2019, No. 26).
8. Change without regulatory
				  effect amending subsections (c)-(d) filed 8-25-2020 pursuant to section
				  100, title 1, California Code of
				  Regulations (Register 2020, No. 35).
9. Amendment of subsections
				  (c)-(d) and amendment of NOTE filed 1-9-2023; operative 1-9-2023 pursuant to
				  Government Code section
				  11343.4(b)(3)
				  (Register 2023, No. 2).
Note: Authority cited: Sections
					 11313,
					 11314
					 and
					 11345,
					 Business and Professions Code. Reference: Sections
					 30,
					 31,
					 494.5,
					 11320.5,
					 11343
					 and
					 11345,
					 Business and Professions Code.