This bill aims to revise licensing laws related to real estate appraisals in Montana, specifically clarifying who is authorized to provide opinions or estimates of market value for real property transactions. It introduces new definitions, including terms such as "evaluation," which refers to an estimate of market value provided to financial institutions in accordance with federal guidelines when an appraisal is not required. The bill also specifies that a licensed or certified real estate appraiser may provide evaluations but must include a disclaimer stating that the evaluation is not subject to the Uniform Standards of Professional Appraisal Practice.

Additionally, the bill amends existing sections of the Montana Code Annotated (MCA) to reflect these changes, including the removal of language that previously restricted non-licensed individuals from appraising real property for compensation. It establishes that individuals not licensed or certified can still provide market value estimates as long as they do not claim to be licensed appraisers. The bill includes an appropriation of $1,000 from the general fund to the Department of Labor and Industry to implement these changes, with an effective date set for July 1, 2025.

Statutes affected:
LC Text: 37-54-201
HB0872_1(1): 37-54-201
HB0872_1(2): 37-54-201
HB0872_1(3): 37-54-201
HB0872_1(4): 37-54-201
HB0872_1(5): 37-54-201
HB0872_1(6): 37-54-201
HB0872_1: 37-54-201
HB0872_2(1): 37-54-102, 37-54-201
HB0872_2(10): 37-54-201
HB0872_2(11): 37-54-201
HB0872_2(12): 37-54-201
HB0872_2(13): 37-54-201
HB0872_2(14): 37-54-201
HB0872_2(2): 37-54-102, 37-54-201
HB0872_2(3): 37-54-102, 37-54-201
HB0872_2(4): 37-54-102, 37-54-201
HB0872_2(5): 37-54-201
HB0872_2(6): 37-54-201
HB0872_2(7): 37-54-201
HB0872_2(8): 37-54-201
HB0872_2(9): 37-54-201
HB0872_2: 37-54-102, 37-54-201
HB0872_X(1): 37-54-102, 37-54-201
HB0872_X(10): 37-54-102, 37-54-201
HB0872_X(11): 37-54-102, 37-54-201
HB0872_X(2): 37-54-102, 37-54-201
HB0872_X(3): 37-54-102, 37-54-201
HB0872_X(4): 37-54-102, 37-54-201
HB0872_X(5): 37-54-102, 37-54-201
HB0872_X(6): 37-54-102, 37-54-201
HB0872_X(7): 37-54-102, 37-54-201
HB0872_X(8): 37-54-102, 37-54-201
HB0872_X(9): 37-54-102, 37-54-201
HB0872_X: 37-54-102, 37-54-201