FOR IMMEDIATE RELEASE
November 14, 2007
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Senator Pileggi's Legislation to Modernize Real Estate Appraiser Certification
 Passes Senate

Senate Majority Leader Dominic Pileggi's (R-9) legislation to modernize the real estate appraiser certification process in Pennsylvania was approved unanimously today by the Senate. Senate Bill 721 now moves to the state House for consideration. 

"Real estate appraisals are a fundamental function in our society," said Sen. Pileggi. "We must have an appraisal system that operates efficiently and honestly. This bill updates our state law to better fit with federal law and increases penalties for violations." 

Senate Bill 721 would make it illegal for a real estate appraiser or appraiser trainee to operate without a current and valid certificate or license from the State Board of Certified Real Estate Appraisers. Senate Bill 721 would also: 

• Create an "appraiser trainee" license, which would be available to people who meet requirements established by the Appraisal Foundation, a national organization. Trainees would be required to operate under the direct supervision of a certified appraiser. 
   
• Require the board to set educational standards for trainees. Supervisory appraisers would be required to be in good standing with five years of experience and could not supervise more than three appraiser trainees. 
   
• Require records for all appraisers and trainees to be accessible on the board's web site. 
   
• Increase the penalty for violating the law from $1,000 to $10,000. 

More information about Senate Bill 721 and other state issues is available at Senator Pileggi's web site, www.senatorpileggi.com.

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