Montana HB872 revises licensing laws for real estate appraisers, clarifying who can provide market value opinions and imposing penalties for.
Montana HB872 amends the real estate appraiser licensing laws, effective July 1, 2025. It specifies that only individual licensees can use the term "licensed real estate appraiser," while firms or corporations must engage in appraisal through a professional corporation. The law also prohibits individuals without a license from providing market value opinions for compensation on real property transactions not related to federal agencies or projects. It imposes misdemeanor penalties for misrepresentation of licensure status.
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