WA HB2477

Claims against state-certified or state-licensed real estate appraisers, appraiser trainees, appraisal management companies, or appraisal businesses must be filed within 2 years of discovering the issue or 5 years from when the appraiser signed the report, whichever is earlier

Fraud claims are exempt from these time limitations and remain governed by existing fraud statutes under RCW 4.16.080

Appraisers can only be held liable to the client, intended users specified in the report, or an immediate successor lender if the client is a financial institution—not to other third parties

The new limitations apply only to appraisal reports completed on or after the act's effective date

Adds a statutory definition of "appraisal management company" to chapter 18.140 RCW by reference to chapter 18.310 RCW