MS SB2697

Codifies trainee appraiser qualifications to meet or exceed those established by the Appraiser Qualifications Board.

Reduces the number of real estate appraiser licenses from four to three types by removing a category.

Revises educational and experience requirements for licensed appraisers to align with standards set by the Appraiser Qualifications Board rather than specifying fixed classroom hours.

Increases continuing education requirements for license renewal from 20 classroom hours to 21 hours plus a mandatory 7-hour USPAP update course, totaling 28 hours.

Requires the board to establish and collect national registry fees from appraisal management companies and maintain a separate account for disbursing these fees to the Appraisal Subcommittee.