SB1168 is a bill that proposes to amend the current law regarding the value threshold for complex residential real estate appraisals conducted by state-licensed real estate appraisers. The bill seeks to increase the value threshold from $250,000 to $400,000 for complex one to four residential units that a state-licensed real estate appraiser is permitted to appraise. This change aligns with the new federal appraisal rule amended in 2019. The bill also includes technical changes and will become effective on the general effective date.

Statutes affected:
Introduced Version: 32-3612
Senate Engrossed Version: 32-3612
Chaptered Version: 32-3612