Streamlining Appraisals: Faster Real Estate Valuations for Federal Land Transactions.
This law aims to speed up real property transactions, including conservation projects, overseen by the Department of the Interior (DOI). It allows certified appraisers to perform valuations for DOI transactions nationwide, requiring a license from only one state. This change is intended to reduce delays for citizens and organizations involved in land dealings with the federal government.
Key points
Real estate appraisers need only one state license to perform property valuations for the Department of the Interior across the entire country, increasing the pool of available experts.
The goal is to accelerate federal land transactions and conservation efforts by removing state-specific licensing barriers for DOI work.
The DOI must report annually to Congress on how the new rules affect the speed and efficiency of the appraisal process.
Status:
Expired
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