Loading chat...
HI HB846
Bill
Status
1/26/2011
Primary Sponsor
Calvin Say
Click for details
AI Summary
-
Requires real estate appraisers to comply with the Uniform Standards of Professional Appraisal Practice when conducting appraisals or serving as arbitrators in arbitration proceedings to determine fair market value, fair market rental, or fair and reasonable rent of real estate
-
Supported by Citizens for Fair Valuation, Sony Hawaii, Bacon Universal Company, Inc., and numerous concerned individuals
-
Opposed by the Professional and Vocational Licensing Division of the Department of Commerce and Consumer Affairs, Alexander & Baldwin, Inc., Land Use Research Foundation of Hawaii, and the Hawaii Chapter of the Appraisal Institute
-
Committee amended the bill to change the effective date to July 1, 2112, to encourage further discussion on concerns raised during testimony
-
Recommended to pass Second Reading and be referred to the Committee on Consumer Protection & Commerce
Legislative Description
Real Estate Appraisal Arbitration; Uniform Standards of Professional Appraisal Practice
Last Action
Carried over to 2012 Regular Session.
12/1/2011