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IL SB2688
Bill
Status
1/7/2025
Primary Sponsor
Adriane Johnson
Click for details
AI Summary
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Requires real estate appraisers to complete at least 2 hours of continuing education on eliminating valuation bias for license renewals on or after January 1, 2025
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Requires real estate appraisers to complete at least 2 hours of continuing education on federal, State, and municipal fair housing laws for license renewals on or after January 1, 2025
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Defines "valuation bias" as explicitly, implicitly, or structurally selecting and applying appraisal data in a biased manner that harms classes protected by the federal Fair Housing Act
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Directs the Department of Financial and Professional Regulation to consider criteria outlined in the National Fair Housing Alliance's January 2022 report when approving fair housing continuing education courses
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Takes effect immediately
Legislative Description
REAL ESTATE-CONT EDUCATION
Last Action
Session Sine Die
1/7/2025