Tennessee House Bill HB1764

Tennessee 2023-2024 Regular Session

• Introduced: 1/9/24
• Refer: 1/11/24
• Refer: 1/29/24
• Chaptered: 3/19/24
• Passed: 3/19/24

Caption

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 62, Chapter 39, relative to the real estate appraiser commission.

Impact

The intended impact of HB 1764 is to streamline the regulations governing real estate appraisers in Tennessee. By revising the relevant sections of the code, the bill seeks to enhance the functionality of the real estate appraiser commission, which could lead to improved oversight and regulation of appraisers in the state. This change might also lead to a more organized framework for appraiser licensing, allowing for clearer guidelines that could benefit both practitioners and the public by ensuring consistent standards in real estate appraisals.

Summary

House Bill 1764 aims to amend certain sections of the Tennessee Code Annotated, specifically Title 4, Chapter 29, and Title 62, Chapter 39, which pertain to the real estate appraiser commission. The bill proposes to remove a subdivision from Section 4-29-245 and introduces a new subdivision to Section 4-29-251 that relates to the real estate appraiser commission. This legislative change reflects an effort to better structure the authority and governance surrounding real estate appraisers in Tennessee.

Sentiment

The sentiment around the bill appears to be generally positive, as it was passed with a unanimous vote of 96-0 in the House upon its third consideration. This overwhelming support suggests that lawmakers see the bill as a necessary improvement in the state's regulatory framework regarding real estate appraisers. However, further discussions may reveal differing viewpoints, primarily if the bill impacts certain stakeholders differently.

Contention

While HB 1764 was unanimously supported, points of contention may arise as it moves through the legislative process and impacts various groups involved with real estate transactions. Specific criticisms could emerge from real estate professionals concerned about the implications of the amendments, particularly if they alter how appraisers are licensed or their operational guidelines. Ensuring that the changes benefit all parties involved will be paramount to avoid pushback from the real estate community.