SECTION 1. Chapter 112 of the General Laws is hereby amended by striking out section 181, as appearing in the 2004 Official Edition, and inserting in place thereof the following section:
“Section 181. The term of a certificate or a license issued by the board, except a transitional license under subdivision C of section 180, shall be 2 years from the date of issuance. Notwithstanding the foregoing, each certificate or license originally issued to an individual, except a transitional license under said subdivision C of said section 180, shall be valid until the anniversary of the date of birth of the licensee next occurring more than 24 months after the date of issuance.”
SECTION 2. An individual whose real estate appraisal trainee license has expired may apply for and receive a license if he has satisfied the necessary requirements for licensure.
SECTION 3. The executive office for administration and finance shall assess proportionately the fee charged to a licensee under section 181 of chapter 112 of the General Laws to match the new 2-year cycle for licenses issued under said section 181 of said chapter 112.
SECTION 4. Section 1 of this act shall take effect 120 days after its passage. Section 2 of this act shall take effect upon its passage.
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