Motion to Read a Third Time and Pass
Yes
25
Absent
9
Under existing law, an appraisal management company may coordinate the appraisal of real estate for a fee.
This bill would require the appraisal fee and any fee charged by the appraisal management company to be disclosed separately and distinctly on the closing statement.
This bill would also authorize the Alabama Real Estate Appraisers Board to adopt applicable rules.
Read for the first time and referred to the Senate committee on Banking and Insurance
Source: Alabama Legislature