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Bill > HB2882


OR HB2882

OR HB2882
Relating to real estate appraisers; prescribing an effective date.


summary

Introduced
01/13/2025
In Committee
01/17/2025
Crossed Over
Passed
Dead
06/27/2025

Introduced Session

2025 Legislative Measures

Bill Summary

The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act tells the ACLB to start a program and give grants to appraisers who are li- censed or certified. The new law ends after two years. (Flesch Readability Score: 86.2). Directs the Appraiser Certification and Licensure Board to establish a program to award grants to state certified appraisers and state licensed appraisers to whom the board issues a certificate or license on or after January 1, 2026. Directs the board to issue temporary certificates and licenses to engage in real estate appraisal activity. Sunsets on January 1, 2028. Takes effect on the 91st day following adjournment sine die.

AI Summary

This bill establishes a two-year program by the Appraiser Certification and Licensure Board to support new real estate appraisers through two key initiatives: grants and temporary certificates/licenses. The board will provide grants of up to $2,000 to state certified and licensed appraisers who receive their credentials on or after January 1, 2026, contingent on available funding. Additionally, the board will create a process to issue temporary certificates and licenses to individuals who have completed the required education for appraiser certification or licensure, with rules governing the application process, experience requirements, fees, validity period, and restrictions on professional activities. These provisions are designed to support and incentivize new entrants into the real estate appraisal profession, with the program set to sunset on January 1, 2028. The bill makes corresponding technical amendments to various Oregon Revised Statutes to integrate these new provisions into existing law, ensuring that temporary certificate and license holders can perform the same professional functions as traditionally certified or licensed appraisers during the program's duration.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

In committee upon adjournment. (on 06/27/2025)

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