Bill
Bill > H4766
summary
Introduced
12/15/2016
12/15/2016
In Committee
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
Providing consumers with equal protection for all real estate appraisals
AI Summary
This bill, titled "Providing consumers with equal protection for all real estate appraisals," aims to strengthen regulations around real estate appraisals by amending existing Massachusetts General Laws. Specifically, it modifies section 174 of chapter 112, which governs real estate appraisal licensing. The bill removes a previous provision (subdivision C) and inserts new language that clarifies that only individuals who have obtained a real estate appraisal license or certification are permitted to prepare appraisals or appraisal reports for a fee or other compensation within the Commonwealth of Massachusetts, with an exception noted for subdivision B. This change is intended to ensure that all real estate appraisals are conducted by qualified and licensed professionals, thereby providing consumers with greater protection and confidence in the valuation of their properties. The act is scheduled to take effect on March 1, 2017.
Sponsors (0)
No sponsors listed
Other Sponsors (1)
House Committee on Ways and Means (House)
Last Action
Text of an amendment, see S2377 (on 12/15/2016)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/H4766 |
| Bill | https://malegislature.gov/Bills/189/H4766.pdf |
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