VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2017 SESSION

• | print version

HB 1556 Real estate appraisers; exemptions from licensure.

Introduced by: R. Lee Ware | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Real Estate Appraiser Board; evaluations. Allows a licensed residential real estate appraiser, certified residential real estate appraiser, or certified general real estate appraiser to provide an evaluation of real estate or real property in connection with certain real estate-related financial transactions. This bill is identical to SB 1535.

SUMMARY AS INTRODUCED:

Real Estate Appraiser Board; exemptions from licensure. Provides that nothing in the exemption from licensure for any person, or an employee of a financial institution or lender, who provides an evaluation of real estate or real property in connection with a real estate-related financial transaction where an appraisal by a state-certified or state-licensed appraiser is not required by the state or federal financial institution's regulatory agency shall be construed to require a licensed residential real estate appraiser, certified residential real estate appraiser, or certified general real estate appraiser that provides an evaluation to comply with the uniform standards of professional appraisal practice adopted by the Board.