Bill No. 1081, introduced by Tedford and Rader, amends the Oklahoma Certified Real Estate Appraisers Act and the Oklahoma Appraisal Management Company Regulation Act. The bill mandates that all residential appraisal services must include an invoice as the first page of all assignments, detailing the compensation to the appraiser. Additionally, it prohibits appraisal management companies (AMCs) from demanding the removal of invoices that record the fees paid to appraisers, establishing penalties for such violations.

The amendments also clarify the ethical obligations of appraisers, emphasizing the need for impartiality and objectivity in their valuations. The bill aims to enhance transparency in the appraisal process by ensuring that clients are informed about the fees associated with appraisal services. The effective date for these changes is set for November 1, 2025.