SB149 Alabama 2016 Session

Summary

Primary Sponsor

Greg AlbrittonSenator

Republican

Session

Regular Session 2016

Title

Real Estate Appraisers Board, prohibited from establishing fees that an appraiser can charge, Sec. 34-27A-5 am'd.

Summary

SB149 would stop Alabama's Real Estate Appraisers Board from setting minimum charges for real estate appraisal services.

What This Bill Does

SB149 amends Section 34-27A-5 to bar the Real Estate Appraisers Board from establishing any minimum fees for real estate appraisal services, whether by administrative rule or other means. The bill keeps the board's other duties—like licensure processing, examinations, continuing education, and disciplinary actions—unchanged, but it prevents minimum-fee requirements for appraisal work. It becomes law on the first day of the third month after it is enacted.

Who It Affects

• Real estate appraisers and appraisal firms would no longer face minimum-fee requirements and could set fees (subject to market conditions).
• Real estate consumers (buyers/sellers) may experience more variability in the cost of an appraisal since minimum pricing protections would be removed.

Key Provisions

• Adds a new provision prohibiting the Real Estate Appraisers Board from establishing specific minimum fees for real estate appraisal services by administrative rule or any other method (Section 34-27A-5).
• Preserves the board's other regulatory and licensure powers (licensure processing, examinations, continuing education, disciplinary actions, records, etc.).
• Sets the act to become effective on the first day of the third month after passage/approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Real Estate Appraisers Board