Massachusetts S196 aims to ensure equal protection for consumers in real estate appraisals.
Massachusetts S196 seeks to protect consumers by regulating real estate appraisals. The bill amends the definition of "evaluation" to clarify that it is an estimate of property value for certain financial transactions. It also modifies licensing requirements, ensuring that only licensed or certified appraisers can prepare appraisals for a fee. The bill aims to maintain professional standards and protect consumers from unqualified appraisers.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.