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House approves Real Estate Appraisal amendments after floor compromise
Summary
The Utah House adopted compromise amendments to the Real Estate Appraisal Act, clarifying the definition of appraisal/consultation services and extending continuing education requirements to a previously exempt category; the amended bill passed the House and will be sent to the Senate.
Representative Gary Adair introduced House Bill 113 to revise the Real Estate Appraisal Act and align state definitions and education requirements with federal standards. The House debated a compromise amendment structured to clarify the term "appraisal" as an unbiased "opinion of value" and to replace the term "specialized appraisal service" with "consultation service." Representative David Dyer explained the amendment and said it was a compromise that did not incorporate every stakeholder…
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