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NJ A2279
Bill
Status
1/12/2026
Primary Sponsor
Yvonne Lopez
Click for details
AI Summary
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Requires the State Real Estate Appraiser Board to adopt the Practical Applications of Real Estate Appraisal (PAREA) program as an alternative pathway for prospective appraisers to meet experience requirements for licensure or certification
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PAREA allows prospective appraisers to fulfill up to 100% of their experience requirements virtually through real-world simulations combining appraisal theory and methodology
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The program provides mentors to supervise prospective appraisers, addressing the current difficulty applicants face in finding licensed or certified appraisers willing to supervise them
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Applies to both licensed real estate appraisers and certified general or residential real estate appraisers
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Takes effect 90 days after enactment
Legislative Description
Requires State Real Estate Appraiser Board to adopt alternative program to acquire experiential requirements for prospective real estate appraisers attempting to qualify for licensure or certification.
Bills and Joint Resolutions Signed by the Governor
Last Action
Approved P.L.2025, c.230.
1/12/2026