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Bill

S 7656

Requires four hours of implicit bias training every two years for real estate appraisers

2025 Regular Session Introduced by Cordell Cleare

Bill S 7656 mandates real estate appraisers to complete four hours of implicit bias training every two years, promoting fairness and equity in property valuations.

REFERRED TO FINANCE
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WeVote Research Nonpartisan
Bill Summary · S 7656

Summary of Bill S 7656

Bill Overview

  • Bill Number: S 7656
  • Title: Requires four hours of implicit bias training every two years for real estate appraisers
  • Status: Referred to Finance
  • Introduced Date: April 25, 2025
  • Classification: Bill

Purpose and Intent

The primary purpose of Bill S 7656 is to address issues of implicit bias within the real estate appraisal profession. By mandating training, the bill aims to enhance the fairness and accuracy of property appraisals, which can significantly impact housing equity and access to homeownership for various demographic groups.

Key Provisions

  • Training Requirement:

    • The bill requires all real estate appraisers to complete four hours of implicit bias training every two years.

  • Content of Training:

    • While the specific curriculum is not detailed in the bill, the training is expected to cover topics related to recognizing and mitigating implicit biases that can affect appraisal outcomes.

  • Compliance and Enforcement:

    • The bill outlines that appraisers must provide proof of completion of the training to maintain their licensing and certification.

Impact

  • Who Will Be Affected:

    • Real Estate Appraisers: All licensed appraisers will be required to undergo this training, impacting their professional development and continuing education requirements.
    • Homebuyers and Sellers: The bill aims to create a more equitable appraisal process, potentially benefiting individuals from historically marginalized communities by reducing bias in property valuations.

  • Real Estate Industry: The bill may lead to broader changes in appraisal practices and standards within the industry, promoting greater awareness of bias-related issues.

Procedural Aspects

  • Legislative Process:

    • As of April 25, 2025, the bill has been referred to the Finance Committee for further consideration. The timeline for additional hearings or votes has not yet been established.

  • Related Legislation:

    • This bill has a companion bill, A 6642, which may provide additional context or support for similar measures in the legislative process.

Conclusion

Bill S 7656 represents a significant step towards addressing implicit bias in real estate appraisals, with the potential to foster a more equitable housing market. The requirement for ongoing training underscores the importance of awareness and education in combating bias within the industry. Stakeholders, including appraisers and consumers, should monitor the bill's progress as it moves through the legislative process.

Compiled from official sources — confirm details with the bill’s official record.

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