S 2798
Permits State Real Estate Appraiser Board to revoke, suspend, or fine appraisers or appraisal management companies who knowingly engage in discriminatory appraisals of residential property on basis of race or national origin.
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Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill empowers the New Jersey State Real Estate Appraiser Board to take action against appraisers and appraisal management companies that intentionally discriminate in property appraisals based on race or national origin. If the board finds evidence of such discrimination, they can suspend or revoke licenses, impose fines, or require a hearing to determine the facts. The bill aims to ensure fair housing practices in the real estate industry by preventing discriminatory appraisal practices.
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