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
Relating to real estate appraisers and appraisal management companies; to require the disclosure of certain appraisal fees; and to authorize the Alabama Real Estate Appraisers Board to adopt applicable rules.
|January 9, 2018||S||Read for the first time and referred to the Senate committee on Banking and Insurance|
|Hearing||February 15, 2017||Room 727 at 15:30||Senate C&E Hearing|
|Bill Text||SB53 Alabama 2018 Session - Introduced|