By Bob Katzen
The Senate approved and sent to the House a proposal that would allow only certified and licensed real estate appraisers to appraise property for real estate transactions. Current law allows a person who is not certified as a real estate appraiser to appraise real estate in connection with non-federally related transactions for compensation.
“This bill is primarily about consumer protection”, said Sen. Cynthia Creem (D-Newton). “Current law allows unlicensed and unregulated individuals to provide real estate appraisals to unwary consumers in a number of significant transactions such as estate settlements, divorce, or in litigation. This bill will ensure that such appraisals are provided by a professional who has met the appropriate education and training requirements and is accountable to the licensing board.”
A similar measure was approved by the Senate and House in 2016 but it died awaiting further action in the House.
EDUCATION COMMITTEE APPROVES BILLS – The Education Committee gave a favorable report and recommended passage of several bills including: