Loading chat...
NJ S1312
Bill
Status
1/9/2024
Primary Sponsor
Troy Singleton
Click for details
AI Summary
-
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 fulfill experience requirements for licensure or certification
-
PAREA allows prospective appraisers to complete up to 100% of their experience requirements virtually through real-world simulations combining appraisal theory and methodology
-
Addresses the current difficulty prospective appraisers face in finding licensed or certified supervisors to oversee their experiential training, as no formal matching process currently exists
-
Applies to both licensed real estate appraisers and certified general or residential real estate appraisers seeking to meet experience standards
-
Takes effect 90 days following 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.
Substituted by another Bill
Last Action
Substituted by A2279
12/18/2025