House Sponsors: SAVIANO. Short description: REAL ESTATE APPRAISERS LICENSG Synopsis of Bill as introduced: Creates the Real Estate Appraiser Licensing Act of 2002. Requires a person to possess an appraiser's license in order to appraise a home in a federally related transaction or advertise or hold himself or herself out as an appraiser. Creates criminal penalties for practicing without a license when it is required in a federally related transaction. Creates 3 classes of appraisers: general real estate appraiser, residential real estate appraiser, and associate real estate appraiser. Sets out guidelines for application and renewal for each type of appraiser's license. Requires licensure of education providers and approval of courses. Creates the Appraisal Administration Fund. Creates a Real Estate Appraisal Board. Denies home rule powers. Repeals the Real Estate Appraiser Licensing Act on July 1, 2002. Amends the Regulatory Sunset Act. Effective July 1, 2002. Last action on Bill: TABLED BY SPONSOR HRUL Last action date: FEB-28-2001 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status