Sec. 1. 32 MRSA §14002, sub-§4-A is enacted to read:

4-A.__Appraisal subcommittee.__"Appraisal subcommittee" means the Appraisal Subcommittee of the Federal Financial Institutions Examination Council established pursuant to Title XI of the federal Financial Institutions Reform, Recovery and Enforcement Act of 1989.

Sec. 2. 32 MRSA §14027, sub-§1, as enacted by PL 2005, c. 262, Pt. D, §5, is amended to read:

1. Requirement. As a prerequisite to renewal of a license, an applicant must have completed the minimum hour requirements for continuing education in programs or courses approved by the board and as set by the appraiser qualification qualifications board, which must include a 7-hour uniform standards of professional appraisal practice update course. For purposes of this section, the board may establish, by rule, a core educational requirement.

Sec. 3. 32 MRSA §14030, sub-§3 is enacted to read:

3.__Repeal.__This section is repealed January 1, 2008.

Sec. 4. 32 MRSA §14031, sub-§3 is enacted to read:

3.__Repeal.__This section is repealed January 1, 2008.

Sec. 5. 32 MRSA §14032, sub-§3 is enacted to read:

3.__Repeal.__This section is repealed January 1, 2008.

Sec. 6. 32 MRSA §14033, sub-§5 is enacted to read:

5.__Repeal.__This section is repealed January 1, 2008.

Sec. 7. 32 MRSA §14035 is enacted to read:

§14035.__Certified general real property appraiser

1.__Scope of license.__A certified general real property appraiser license entitles the holder to appraise all types of real property.

2.__Professional qualifications.__An applicant for a certified general real property appraiser license must meet the licensing requirements approved by the appraiser qualifications board.__ Each applicant must: