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Bill > H4766


MA H4766

MA H4766
Providing consumers with equal protection for all real estate appraisals


summary

Introduced
12/15/2016
In Committee
Crossed Over
Passed
Dead
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)

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