The Connecticut Chapter of the Appraisal Institute (CCAI) has issued a call to action for Massachusetts appraisers regularly cross the border for work, asking them to oppose a bill being considered by that state’s legislature.
Bill 780, An Act Concerning Brokers Price Opinions, would permit real estate brokers and salespeople to provide an opinion of value for a fee.
“In the end, the consumer and the public trust is at risk. The bill would effectively gut existing Connecticut appraisal licensing law. Brokers and salespeople are no longer required to have any valuation training at all,” Al Franke, CCAI government relations chair said in an email to appraisers.
Appraisers who live or work in Connecticut are asked to take action now to express opposition to the bill to their legislators before March 9, when the Banking Committee must vote on it.