2014 House Bill 5860 / Public Act 433

Revise property appraiser standards detail

Introduced in the House

Sept. 30, 2014

Introduced by Rep. Margaret O’Brien (R-61)

To establish that any changes made to property appraiser standards and qualifications by a national appraisal foundation referenced in the state licensure law will be adopted automatically as this state’s standard unless the director of the relevant state agency decides otherwise.

Referred to the Committee on Regulatory Reform

Dec. 2, 2014

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Dec. 4, 2014

Substitute offered by Rep. Ed McBroom (R-108)

To replace the previous version of the bill with one that revises details but does not change the substance as previously described.

The substitute passed by voice vote

Dec. 9, 2014

Passed in the House 109 to 0 (details)

To establish that any changes made to property appraiser standards and qualifications by a national appraisal foundation referenced in the state licensure law will be adopted automatically as this state’s standard unless the director of the relevant state agency decides otherwise. Also, to eliminate the penalty for a real estate broker who fails to insert a disclaimer in a market analysis that it was not done by a licensed appraiser.

Received in the Senate

Dec. 10, 2014

Referred to the Committee on Regulatory Reform

Dec. 15, 2014

Reported without amendment

With the recommendation that the bill pass.

Dec. 17, 2014

Passed in the Senate 37 to 0 (details)

To establish that any changes made to property appraiser standards and qualifications by a national appraisal foundation referenced in the state licensure law will be adopted automatically as this state’s standard unless the director of the relevant state agency decides otherwise. Also, to eliminate the penalty for a real estate broker who fails to insert a disclaimer in a market analysis that it was not done by a licensed appraiser.

Signed by Gov. Rick Snyder

Dec. 27, 2014