An Act updating real estate appraiser record retention requirements

HD 1079 requires Massachusetts real estate appraisers (state-certified general, residential, and licensed) to retain original contracts, appraisal reports, and supporting data for at least five years after report creation or two years after any related court testimony ends - whichever period expires later. This replaces prior record retention rules with a longer, flexible timeframe tied to both report completion and legal proceedings. The law directly affects all appraisers conducting real property valuation work in Massachusetts. It takes effect immediately upon passage.