djd09
Elite Member
- Joined
- May 20, 2009
- Professional Status
- Licensed Appraiser
- State
- Ohio
NJ lawmakers move on two bills to bar discrimination in real estate appraisals
The state Senate on Monday approved a pair of bills that are aimed at cutting back on discrimination during property appraisals in New Jersey.
What will the 'Fair Appraisals Act' do?
Known as the Fair Appraisals Act, the first bill would ban appraisal professionals from discriminating against people based on race, creed, color, national origin or other characteristics during the appraisal process of a residential property.It would also clarify enforcement of discrimination in housing appraisals, whether that discrimination is shown toward the property buyer or the seller.
The bill, sponsored by state Sens. Nellie Pou and Troy Singleton, also stipulates that professionals who are found to be discriminating would be subject to punishment imposed by the New Jersey State Real Estate Appraiser Board and the Division on Civil Rights. Punishments could range from a suspended appraiser’s license, certification or registration to an order for the holder to make restitution of the cost of the discriminatory appraisal. It would also require the license holder to attend an anti-bias seminar approved by the appraiser board.
NJ lawmakers move on two bills to bar discrimination in real estate appraisals
The state Senate approved a pair of bills that are aimed at cutting back on discrimination during property appraisals in New Jersey.
www.northjersey.com
wouldn't it be a more fitting punishment to cut off the appraisers hands...gouge out their eyeballs...and cut off their tongues...where is the E&O lawyer when you need him....or call relman...