HB1081

Oklahoma HB1081 amends real estate appraiser and appraisal management company regulations to include invoice disclosure and ethical conduct.

Oklahoma HB1081 amends the Oklahoma Certified Real Estate Appraisers Act and the Oklahoma Appraisal Management Company Regulation Act. It requires appraisers to include an invoice for service as the first page in all real property valuations. It mandates that appraisal management companies disclose fees paid for appraisal management services and fees paid to appraisers for appraisal assignments. The bill also outlines ethical conduct for appraisers, including prohibiting undisclosed fees and protecting the confidential nature of the appraiser-client relationship.