Updating real estate appraiser record retention requirements in Massachusetts.

This bill updates the record retention requirements for state certified general, state certified residential, and state licensed real estate appraisers in Massachusetts. It mandates that these appraisers must keep originals or true copies of all written contracts and reports for at least five years after preparation or until two years after the final disposition of any related judicial proceeding, whichever is longer. This change aims to ensure better documentation and accountability in real estate appraisals.

Updating real estate appraiser record retention requirements in Massachusetts.

This bill updates the record retention requirements for state certified general, state certified residential, and state licensed real estate appraisers in Massachusetts. It mandates that these appraisers must keep originals or true copies of all written contracts and reports for at least five years after preparation or until two years after the final disposition of any related judicial proceeding, whichever is longer. This change aims to ensure better documentation and accountability in real estate appraisals.