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ARTICLE · 22 APRIL 2014

NJ Bill Would Eliminate State Appraisal Board

Fox Rothschild LLP
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New Jersey is considering a bill to abolish NJ’s Real Estate Appraisers Board and transfer regulation of appraisers to the state’s Real Estate Commission.

United StatesReal Estate and Construction

The New Jersey legislature is considering a bill that would abolish NJ's Real Estate Appraisers Board and transfer regulation of appraisers to the state's Real Estate Commission. Bill A2387 was unanimously passed by the Regulated Professions Committee March 13.  The Appraisal Institute strongly opposes the bill.  The Bill's sponsors, Troy Singleton, and representatives of the Appraisal Institute are scheduled to meet.  A copy of the bill can be found at http://www.njleg.state.nj.us/2014/Bills/A2500/2387_R1.HTM

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