FL H0303

Establishes registration requirement for appraisal management companies with the Department of Business and Professional Regulation, including application fees not to exceed $150 and renewal fees not to exceed $150 annually.

Expands Florida Real Estate Appraisal Board from seven to nine members, adding two members to represent the appraisal management industry.

Creates discipline framework for appraisal management companies with penalties up to $5,000 per violation and suspension/revocation authority for up to 10 years, including prohibitions on influencing appraiser independence through coercion, withholding payments, or providing predetermined valuation targets.

Requires fingerprinting and criminal history background checks for officers, directors, managers, and owners of appraisal management companies, with specific qualification standards for those controlling the company.

Extends appraisal record retention requirements to appraisal management companies for 5 years or per Uniform Standards of Professional Appraisal Practice standards, whichever is longer, with department inspection limited to pending investigations.