Maine LD1514 modifies the qualifications for the Board of Real Estate Appraisers and the scope of licenses for residential real property appraisers.
Maine LD1514 changes the qualifications for members of the Board of Real Estate Appraisers, requiring two public members engaged in banking or as consumers of real estate appraisers, and five members holding valid appraiser licenses, including a certified general license and a licensed residential appraiser. It also alters the scope of residential real property appraiser licenses, allowing holders to appraise vacant or unimproved land for one to family purposes, but not subdivisions requiring a development analysis and appraisal.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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