New Portal for Appraisers: Streamlining Licensing and Registration
This act establishes a central online system for real estate appraisers and appraisal management companies. It aims to simplify licensing and renewal processes and improve information exchange between appraisers and state agencies. Citizens may benefit from potentially faster and more efficient real estate appraisal processes.
Key points
Launch of an online portal for real estate appraisers and appraisal management companies to centralize license applications and renewals.
Enabling state agencies to access information on appraisers' qualifications, experience, and exam results.
Introduction of criminal background checks through the portal, potentially increasing safety and trust in the profession.
Simplifying payment of licensing fees and submission of documents to state agencies.
Establishment of an advisory committee with industry representatives to ensure practical solutions for the portal's operation.
Expired
Additional Information
Print number: 117_HR_5756
Sponsor: Rep. Perlmutter, Ed [D-CO-7]
Process start date: 2021-10-27