HB5931 Amendment Summary

• Amends the Real Estate Appraiser Licensing Act of 2002 to revise definitions, licensure requirements, and disciplinary provisions for state-certified appraisers.

• Removes requirement that appraisals be "in connection with a federally-related transaction" from the legislative intent and licensing scope, broadening when licenses are required.

• Adds new Section 5-22 requiring criminal history records checks via fingerprinting for all applicants for licensure or restoration, with fees charged by the Department of State Police.

• Changes education requirements for State Certified General and Residential Real Estate Appraisers to require Bachelor's degree for general appraisers and eliminates specific subject course requirements previously mandated.

• Increases Real Estate Appraisal Administration and Disciplinary Board from 4 to 8 appointed appraiser members, adds requirement for one member specializing in commercial agricultural property, and reduces real estate broker license requirement from 10 years to 3 years.