North Carolina S690 modifies real estate appraiser licensure and certification procedures.

North Carolina S690 revises the North Carolina Appraisers Act to modify the licensing and certification procedures for real estate appraisers. The bill introduces new definitions for terms such as "real estate appraising," "residential real estate," and "Practical Applications of Real Estate Appraisal (PAREA) program." It outlines two pathways for experience requirements: the traditional supervisor and trainee pathway, and the PAREA pathway. The PAREA pathway allows applicants to complete an approved PAREA program and submit appraisal reports for review by a certified appraiser.

North Carolina S690 modifies real estate appraiser licensure and certification procedures.

North Carolina S690 revises the North Carolina Appraisers Act to modify the licensing and certification procedures for real estate appraisers. The bill introduces new definitions for terms such as "real estate appraising," "residential real estate," and "Practical Applications of Real Estate Appraisal (PAREA) program." It outlines two pathways for experience requirements: the traditional supervisor and trainee pathway, and the PAREA pathway. The PAREA pathway allows applicants to complete an approved PAREA program and submit appraisal reports for review by a certified appraiser.