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.