This bill amends the Oklahoma Certified Real Estate Appraisers Act and the Oklahoma Appraisal Management Company Regulation Act to enhance transparency and ethical standards in real property valuations. Specifically, it requires that an invoice for services, detailing the compensation to the appraiser, be included as the first page of all residential appraisal assignments. Additionally, it prohibits appraisal management companies (AMCs) from demanding the removal of such invoices or from removing them themselves, establishing penalties for violations of this requirement.

Furthermore, the bill modifies the existing language regarding the disclosure of fees by AMCs, mandating that they must disclose both the fees paid for appraisal management services and the fees paid to the appraiser for completing an appraisal assignment. The effective date for these changes is set for November 1, 2025. Overall, the bill aims to promote ethical practices and protect the integrity of the appraisal process in Oklahoma.