NC H829

Modifies the definition of reasonable compensation for real estate appraisers conducting appraisals on one- to four-family residential properties to require appraisal management companies provide customary and reasonable compensation.

Establishes that compensation is presumed reasonable if it is reasonably related to recent rates paid by the consumer for comparable appraisal services in the geographic market of the property being appraised.

Excludes amounts paid by appraisal management companies from the calculation of "recent rates paid" when determining customary and reasonable rates.

Requires customary and reasonable rates be based on objective third-party information such as academic studies, government fee surveys, and independent private sector surveys.

Directs the North Carolina Appraisal Board to adopt rules implementing these provisions within 180 days of the bill becoming law.