The 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 and modifies existing legal language to ensure that individuals who are not licensed or certified appraisers can still provide market value estimates, as long as they do not claim to be licensed appraisers. The bill also specifies that licensed appraisers may provide evaluations without adhering to certain appraisal standards, provided they include a disclaimer indicating that the evaluation is not subject to those standards.

Additionally, the bill amends Sections 37-54-102 and 37-54-201 of the Montana Code Annotated (MCA) to incorporate these changes and provides an appropriation of $1,000 from the general fund to the Department of Labor and Industry for implementation. The effective date for these changes is 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