Real Estate Appraisers Act

The act governs the practice of real estate appraisal, making it unlawful to hold oneself out as a licensed or certified appraiser without meeting the state's requirements and setting the qualifications, examinations, fees, and renewal terms for licensure and certification, along with provisions for nonresident and temporary practice. It creates a real estate appraiser board with rulemaking, examination, and enforcement powers, and provides for disciplinary proceedings, hearings, recordkeeping, injunctive relief, and penalties for violations. It also establishes a registration regime for entities that maintain panels of appraisers, addressing ownership and controlling persons, exemptions, the terms of appraisal engagements, appraiser compensation and independence, and reporting to the federal registry.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.