Real estate: Uniform Standards of Professional Appraisal Practice.

The Real Estate Appraisers' Licensing and Certification Law provides for the licensure, certification, and regulation of persons who engage in specified real estate appraisal activity by the Chief of the Bureau of Real Estate Appraisers. That law, until January 1, 2020, provides that a licensee is not required to comply with provisions of the Uniform Standards of Professional Appraisal Practice that provide a limitation on restricted appraisal reports to intended users other than or in addition to the client, if certain requirements are met, including that the consent of the client is obtained in advance. This bill would provide that a licensee is not required to comply with the provisions of the Uniform Standards of Professional Appraisal Practice, as described above, until January 1, 2022.