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NJ A3493

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Yvonne Lopez

Click for details

Origin

General Assembly

2026-2027 Regular Session

AI Summary

  • Reduces the State Real Estate Appraiser Board membership from 11 to 7 members, with the Governor making appointments upon recommendation of the Senate President and Speaker of the General Assembly (3 members each)
  • Prohibits licensed or certified real estate appraisers and registered appraisal management companies from discriminating based on actual or perceived race, color, or national origin of property buyers, owners, agents, or neighborhood occupants
  • Establishes a tiered penalty system for discrimination violations: first offense requires restitution and mandatory anti-bias seminar; second offense results in license suspension (minimum 60 days) plus restitution; third offense triggers license revocation for at least two years
  • Imposes civil penalties of up to $5,000 for a second violation within five years and up to $10,000 for third and subsequent violations
  • Requires the Department of Law and Public Safety to investigate discrimination complaints and direct the Board to take disciplinary action when violations are found

Legislative Description

Reduces membership of State Real Estate Appraiser Board and prohibits discriminatory practices in property appraisals.

Regulated Professions

Last Action

Introduced, Referred to Assembly Regulated Professions Committee

1/13/2026

Committee Referrals

Regulated Professions1/13/2026

Full Bill Text

No bill text available