Concerns discriminatory appraisals of property on basis of race, creed, color, national origin, or certain other characteristics.

This bill, the "Fair Appraisals Act," prohibits licensed real estate appraisers in New Jersey from discriminating in property valuations based on race, gender identity, disability, or other protected characteristics. It directly affects appraisers by requiring them to avoid bias in their work and imposing penalties for violations, including restitution for affected property owners, mandatory anti-bias training, license suspension for repeat offenses, and civil fines up to $50,000. Appraisers must also inform property owners about how to report discrimination, and the Division on Civil Rights will collect demographic data on complaints to monitor patterns. The law aims to ensure fair property valuations and strengthen enforcement against discriminatory practices in housing.