HI HB2043

Requires real estate appraisers acting as arbitrators to record all arbitration awards, records of awards, and supplementary, dissenting, or explanatory opinions with the Bureau of Conveyances within 90 days of award notification for agreements entered after July 1, 2014.

Designates arbitration awards and related records as public records, ensuring open access to market data currently withheld by confidentiality clauses.

Mandates that arbitration award records include findings of fact, the appraiser's rationale, certification of compliance with Uniform Standards of Professional Appraisal Practice, and documentation of evidence, methodologies, and analysis used.

Prohibits any agreements between parties or appraisers from preventing or denying the requirement to record awards and supporting opinions.

Effective July 1, 2112 (note: effective date appears to contain a typographical error).