SENATE DOCKET, NO. 121        FILED ON: 1/13/2015

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 131

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Cynthia S. Creem

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act providing consumers with equal protection for all real estate appraisals.

_______________

PETITION OF:

 

Name:

District/Address:

Cynthia S. Creem

First Middlesex and Norfolk

Ann-Margaret Ferrante

5th Essex

David Paul Linsky

5th Middlesex

Thomas J. Calter

12th Plymouth

Carolyn C. Dykema

8th Middlesex

James Arciero

2nd Middlesex

Barbara A. L'Italien

Second Essex and Middlesex

Thomas A. Golden, Jr.

16th Middlesex

Sean Garballey

23rd Middlesex

Sarah K. Peake

4th Barnstable

David T. Vieira

3rd Barnstable


SENATE DOCKET, NO. 121        FILED ON: 1/13/2015

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 131

By Ms. Creem, a petition (accompanied by bill, Senate, No. 131) of Cynthia S. Creem, Ann-Margaret Ferrante, David Paul Linsky, Thomas J. Calter and other members of the General Court for legislation to provide consumers with equal protection for all real estate appraisals.  Consumer Protection and Professional Licensure.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Eighty-Ninth General Court
(2015-2016)

_______________

 

An Act providing consumers with equal protection for all real estate appraisals.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Chapter 112 of the General Laws is hereby amended by striking Section 174 and inserting in its place the following:-

Section 174. A. No person, other than a state-certified general real estate appraiser, state certified residential real estate appraiser or state-licensed real estate appraiser, shall assume or use that respective title or any title, designation, or abbreviation likely to create the impression of certification or licensing as a real estate appraiser by the commonwealth.

Except as provided in Section 174B, it shall be unlawful for a person to prepare, for a fee or other valuable consideration, an appraisal or appraisal report relating to real estate or real property in this state without first obtaining a real estate appraisal license or certification.

B. The provisions of sections one hundred and seventy-three to one hundred and ninety-nine, inclusive, shall not apply to a real estate broker or salesperson or to a certified public accountant or business broker who, in the ordinary course of business, gives an opinion of the price of real estate for the purpose of a prospective listing, purchase, sale, or business

valuation, provided, however, that such opinion of the price shall not be referred to as an appraisal.

This Act shall take effect on January 1, 2016.