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Senate Commerce Committee Statement to Senate, No. 3317 (December 19, 2022)

Summary

Senate Commerce Committee Statement to Senate, No. 3317, State of New Jersey, dated December 19, 2022, reporting Senate Bill No. 3317 favorably. The bill prohibits discriminatory practices in property appraisals and requires real estate appraisers to participate in anti-bias training. A real estate appraiser would be prohibited from considering, in the appraisal analysis, characteristics of prospective or present owners or occupants of the property, including race, color, religion and national origin, or any other basis prohibited by federal, State, or local law. The bill also requires an appraiser to complete a fair housing and appraisal bias education course offered by the Appraisal Qualifications Board of the Appraisal Foundation to satisfy continuing education requirements.

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Cite this document

“Senate Commerce Committee Statement to Senate, No. 3317 (December 19, 2022).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2022-12-19-scm-s3317-s1-a54b84fcb9/, SHA-256 9cfc60a795fd48102d70dd9b2591e0c170e1c7ffaff2bc327220af4fce7c1814.

Full text

     SENATE COMMERCE COMMITTEE

                    STATEMENT TO

                  SENATE, No. 3317

 STATE OF NEW JERSEY
                   DATED: DECEMBER 19, 2022

   The Senate Commerce Committee reports favorably Senate Bill
No. 3317.
   This bill prohibits discriminatory practices in property appraisals
and requires real estate appraisers to participate in anti-bias
training.
   Under the bill, a real estate appraiser will be prohibited from
considering, as part of the appraisal analysis of a property, the race,
color, religion, sex, actual or perceived sexual orientation, actual or
perceived gender identity, age, actual or perceived marital status,
disability, familial status, or national origin of either the prospective
owners or occupants of the property, present owners or occupants of
the property, or the present owners or occupants of the properties in
the vicinity of the property, or on any other basis prohibited by
federal, State, or local law.
   Additionally, the bill requires a real estate appraiser to complete
a fair housing and appraisal bias education course offered by the
Appraisal Qualifications Board of the Appraisal Foundation in order
to satisfy the appraiser’s continuing education requirements.

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