House Bill 398 (Stevenson) requires appraisal management companies to be registered with the State Board of Certified Real Estate Appraisers. Pennsylvania is the 30th state to pass such legislation.
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House Bill 398 (Stevenson) requires appraisal management companies to be registered with the State Board of Certified Real Estate Appraisers. Pennsylvania is the 30th state to pass such legislation.
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Legislation which would regulate appraisal management companies (AMCs) is poised to pass the state Senate.
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Creating a level playing field for appraisers and appraisal management companies (AMCs) is the ultimate goal of legislation being introduced in the state House of Representatives, according to Michelle Bradley, chair of PAR’s AMC Task Force, who testified before the state House Professional Licensure Committee Wednesday.
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Seventy-five hours of education will be required later this year prior to becoming an appraisal trainee under new regulations proposed by the State Board of Certified Real Estate Appraisers, according to Daniel Bradley, board chair.
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Wednesday, Feb. 8, 2012
