Bill Title: Real estate appraiser compensation rates. Requires real estate appraisal management companies to compensate real estate appraisers for performing appraisals at a rate that is customary and reasonable for appraisals performed in the market area in which the property that is appraised is located based on: (1) objective third party information, including government agency fee schedules, academic studies, and independent private sector surveys; or (2) customary and reasonable appraisal compensation rate schedules established by the real estate appraiser licensure and certification board.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-01-05 - First reading: referred to Committee on Commerce & Technology [SB0039 Detail]

Text: Latest bill text (Introduced) [PDF]

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