Bill Text: NJ S1311 | 2024-2025 | Regular Session | Amended

---

Bill Title: Codifies prohibition of discriminatory practices in real estate appraisals and requires real estate appraisers to complete anti-bias training.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced) 2024-05-06 - Reported from Senate Committee with Amendments, 2nd Reading [S1311 Detail]

Download: New_Jersey-2024-S1311-Amended.html

---

[First Reprint]

SENATE, No. 1311

STATE OF NEW JERSEY

221st LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2024 SESSION

 

 

Sponsored by:

Senator  NELLIE POU

District 35 (Bergen and Passaic)

Senator  M. TERESA RUIZ

District 29 (Essex and Hudson)

 

Co-Sponsored by:

Senators Singleton, Johnson and McKnight

 

 

 

 

SYNOPSIS

     Codifies prohibition of discriminatory practices in real estate appraisals and requires real estate appraisers to complete anti-bias training.

 

CURRENT VERSION OF TEXT

     As reported by the Senate Community and Urban Affairs Committee on May 6, 2024, with amendments.

  

An Act concerning discriminatory practices in real estate appraisals and supplementing and amending P.L.1991, c.68.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

      1.   (New section)  a.  No holder of a license or certification under P.L.1991, c.68 (C.45:14F-1 et seq.) or registration under P.L.2017, c.72 (C.45:14F-27 et al.) shall consider, as part of ¹[the appraisal analysis of a property] a real estate appraisal¹, the race, color, religion, sex, actual or perceived sexual orientation, actual or perceived gender identity, age, actual or perceived marital status, disability, familial status, or national origin of either the prospective owners or occupants of the ¹real estate or real¹ property, ¹the¹ present owners or occupants of the ¹real estate or real¹ property, or the present owners or occupants of the ¹real estate or real¹ properties in the vicinity of the property, or on any other basis prohibited by federal, State, or local law.

      b.   ¹[For the purpose of this] This¹ section ¹[, "property" means an identified parcel or tract of land, for residential or commercial use, with improvements and including easements, rights of way, undivided or future interests, or similar rights in a tract of land, but does not include mineral rights, timber rights, growing crops, water rights, or similar interests severable from the land when a transaction does not involve the associated parcel or tract of land] shall be in addition to and shall not be construed to supersede the provisions of any other federal or State law prohibiting such conduct¹.

 

     2.    Section 18 of P.L.1991, c.68 (C.45:14F-18) is amended to read as follows:

     18.  a.  No license shall be renewed unless the renewal applicant submits satisfactory evidence to the board that the renewal applicant has successfully completed the continuing education requirements prescribed pursuant to P.L.1991, c.68 (C.45:14F-1 et seq.). The board shall not require less than the number of hours acceptable to the Appraisal Subcommittee of the Appraisal Foundation for the continuing education of licensed real estate appraisers.

     b.    No certificate shall be renewed unless the renewal applicant submits satisfactory evidence to the board that the renewal applicant has successfully completed the continuing education requirements prescribed pursuant to P.L.1991, c.68 (C.45:14F-1 et seq.) for the type of certificate for which renewal is sought. The board shall not require less than the number of hours of continuing education prescribed by the Appraisal Qualifications Board of the Appraisal Foundation as a national standard for the continuing education of certified real estate appraisers.

     c.     Continuing education may include classroom instruction in courses, seminars or other activities as approved by the board.  As part of the continuing education requirements prescribed pursuant to P.L.1991, c.68 (45:14F-1 et seq.), a holder of a license or certification under P.L.1991, c.68 (C.45:14F-1 et seq.) shall be required to complete a fair housing and appraisal bias education course offered by the Appraisal Qualifications Board.

(cf: P.L.2017, c.72, s.30)

 

     3.    This act shall take effect on the 180th day next following enactment.