This bill establishes new prohibitions against discriminatory practices in real estate appraisals in New Jersey. Specifically, it prohibits licensed appraisers from considering various personal characteristics—including race, color, religion, sex, sexual orientation, gender identity, age, marital status, disability, familial status, or national origin—when conducting appraisals. This provision is intended to complement existing federal and state laws that already prohibit such discrimination.

Additionally, the bill amends the renewal process for real estate licenses and certifications by requiring applicants to provide evidence of completed continuing education, including a specific course on fair housing and appraisal bias. The bill mandates that the continuing education requirements align with national standards set by the Appraisal Foundation. The new provisions will take effect 180 days after the bill's enactment.

Statutes affected:
Introduced: 45:14F-18
Advance Law: 45:14F-18
Pamphlet Law: 45:14F-18