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2011 Proposed Rule & Regulation Amendments

The Commission will be holding public hearings on changes to the Seller Property Condition Disclosure Statement (“SPCD”, Title 302, Chapter 1) and rules regarding distance education courses (Title 299, Chapters 1 & 7) on January 19th, 2012.  Changes to the SPCD include adding more specificity to questions about appliances and other items that may or may not be sold with the property, getting rid of certain logical inconsistencies such as “age of roof (if known)” followed by spaces for a yes or no answer, and changing the format from a two page legal, to a four page letter sized document and increasing the font size.  The second hearing relates to distance education courses for pre-license and continuing education.  Under current rules certain correspondence courses would be phased out, requiring licensees in certain parts of the state to travel a significant distance in order to be able to take these courses.  The proposed amendments grandfather these courses in, and are also available for viewing on the Commission website.