FIFTY-FIRST LEGISLATURESB 205/a

FIRST SESSION, 2013

February 4, 2013

Mr. President:

    Your CORPORATIONS AND TRANSPORTATION COMMITTEE, to whom has been referred

SENATE BILL 205

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

    1. On pages 3 and 4, strike Subsection F in its entirety and insert in lieu thereof:

         "F. The requirement of registration, licensing or certification shall not apply to a qualifying or associate broker as defined under the provisions of Chapter 61, Article 29 NMSA 1978 who gives an opinion of the price of real estate for the purpose of marketing, selling, purchasing, leasing or exchanging such real estate or any interest therein or for the purposes of providing a financial institution with a collateral assessment of any real estate in which the financial institution has an existing or potential security interest. The opinion of the price shall not be referred to or construed as an appraisal or appraisal report and shall not be used as the primary basis to determine the value of real estate for the purpose of loan origination.".,

and thence referred to the JUDICIARY COMMITTEE.

                               Respectfully submitted,

                               ___________________________________

                               SENATOR PHIL A. GRIEGO, CHAIRMAN

Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)

                  Date ________________________

The roll call vote was 9 For 0 Against

Yes:      9

No:       0

Excused: Keller

Absent:   None

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