Permits State Real Estate Appraiser Board to revoke, suspend, or fine appraisers or appraisal management companies who knowingly engage in discriminatory appraisals of residential property on basis of race or national origin.

This bill (S 1785) prohibits real estate appraisers and appraisal management companies from discriminating in residential property appraisals based on race, creed, color, or national origin. The State Real Estate Appraiser Board can revoke, suspend, or fine license holders after an investigation confirms they knowingly engaged in such discrimination. The board must provide written notice and a hearing opportunity before taking disciplinary action, following standard administrative procedures. This directly affects appraisers, appraisal firms, and residential property buyers/sellers who may face biased valuations.