Notice Of Application Of The National Association Of Realtors For Exemptive Relief Under Sections 15 And 36 Of The Exchange Act And Request For Comment

Forms and Documents

Document Name	Status
34-56779.doc Supplementary Document	2007-12-17
Exempt under 15 and 36 support (11.07).doc Supporting Statement A	2007-11-20

IC Document Collections

IC ID	Document Title	Status
182806	Notice Of Application Of The National Association Of Realtors For Exemptive Relief Under Sections 15 And 36 Of The Exchange Act And Request For Comment Other-Notice	New

ICR Details

OMB Control No: 3235-0635	ICR Reference No: 200711-3235-005
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: SEC	Agency Tracking No: 270-573
Title: Notice Of Application Of The National Association Of Realtors For Exemptive Relief Under Sections 15 And 36 Of The Exchange Act And Request For Comment
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/24/2008
	Date Received in OIRA: 12/17/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2011	36 Months From Approved
Responses	20,895	0	0
Time Burden (Hours)	2,298	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: Request from the National Association of Realtors for an exemption from broker-dealer registration and other requirements to permit certain licensed commercial real estate agents and their real estate firms to receive transaction-based compensation in connection with the sale of securities involving tenant-in-common interests in real property.

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Authorizing Statute(s): US Code: 15 USC 78a Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 68902	11/16/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 68902	12/06/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Notice Of Application Of The National Association Of Realtors For Exemptive Relief Under Sections 15 And 36 Of The Exchange Act And Request For Comment

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	20,895	0	0	20,895	0	0
Annual Time Burden (Hours)	2,298	0	0	2,298	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The burden would increase under the proposed exemption because various respodents would be required to perform collections of information in order to rely on the exemption.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 12/17/2007

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