NC H565

Creates a new licensed real estate appraiser credential requiring an associate's degree, 150 hours of classroom instruction (completed after January 1, 2008), 2,500 hours of appraisal experience within 8 years, and passage of an examination.

Increases educational requirements for certified residential appraisers from an associate's degree to a bachelor's degree and extends the experience requirement period from 5 years to 8 years.

Requires all appraiser applicants to consent to criminal history record checks conducted by the Department of Justice through fingerprint submission; refusal to consent may result in application denial.

Mandates appraisal management companies obtain and maintain a $25,000 surety bond, with bonds remaining in effect for at least 2 years after ceasing operations in the state.

Requires trainees and appraisers supervising trainees to complete a board-approved course in trainee supervision; appraisers supervising trainees must be certified (not just licensed).