MODIFY LICENSING REAL EST. APPRAISERS.

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View NCGA Bill Details(link is external)2025-2026 Session
Senate Bill 690 (Public) Filed Tuesday, March 25, 2025
AN ACT TO MODIFY THE LICENSING PROCEDURES OF THE NORTH CAROLINA APPRAISERS ACT, TO AUTHORIZE BROKERS TO REGISTER WITH MULTIPLE DEALERS UNDER COMMON OWNERSHIP OR CONTROL, TO MODIFY THE LAW REGARDING OUT-OF-POCKET EXPENSES A LANDLORD MAY RECOVER FROM A TENANT, AND TO ALLOW A BUYER'S AGENT COMPENSATION TO BE INCLUDED IN AN OFFER TO PURCHASE.
Intro. by Craven, Jarvis, Jones.
Status: Ch. SL 2025-52 (Jul 2 2025)

SOG comments (2):

Long title change

Submitted by jhenders@sog.unc.edu on

Committee substitute to the 1st edition changed the long title. Original long title was AN ACT TO MODIFY THE LICENSING AND CERTIFICATION PROCEDURES OF THE NORTH CAROLINA APPRAISERS ACT.

Long title change

Submitted by jhenders@sog.unc.edu on

Committee substitute to the 2nd edition changed the long title. Previous long title was AN ACT TO MODIFY THE LICENSING PROCEDURES OF THE NORTH CAROLINA APPRAISERS ACT.

Bill History:

S 690/S.L. 2025-52

Bill Summaries:

  • Bill S 690 (2025-2026)
    Summary date: Jun 24 2025 - View Summary

    House amendment to the 3rd edition makes the following changes. 

    Section 3.

    Specifies that the act's amendments to GS 42-46 (pertaining to attorneys’ fees if the landlord is the prevailing party) are clarifying amendments and retroactive to September 9, 2024. Makes organizational changes.

    Business and Commerce, Occupational Licensing, Courts/Judiciary, Civil, Civil Law, Development, Land Use and Housing, Property and Housing
    GS 42, GS 78A, GS 93E
  • Bill S 690 (2025-2026)
    Summary date: Jun 24 2025 - View Summary

    House committee substitute to the 2nd edition makes the following changes.  Makes conforming changes to act’s long title. Makes organizational changes.

    Section 1.

    Expands the duties of the appraiser qualifications board in GS 93E-1-4 to include setting standards for registration for real estate licensure and examination.

    Removes the option in GS 93E-1-6(a1) for an applicant for certification as a certified residential real estate appraiser by completing the supervised experience requirements established by the Appraiser Qualifications Board and adopted by the Appraisal Board. Instead, now requires the applicant to complete an approved PAREA program, as specified, along with submitting fifteen appraisals of residential real estate to the Appraisal Board so the Board can spot check five of those for compliance, as described. Repeals GS 93E-1-6(a1) effective December 31, 2030.  Changes the effective date to January 1, 2026, (was October 1, 2025), except for the section’s provision authorizing the NC Appraisal Board to adopt implementing rules, which is effective when the act becomes law.

    Adds the following new content.

    Section 2.

    Effective October 1, 2025, amends GS 78A-36 to allow a securities salesman to be registered with more than one dealer if the dealers employing or associating with the salesman is under common ownership or control, or the registration is otherwise allowed.

    Section 3.

    Removes the provisions of GS 42-46 only allowing attorneys’ fees if the landlord is the prevailing party. Limits an award of attorneys’ fees and described costs in the specified summary ejectment appeals to when a landlord is the prevailing party.

    Section 4.

    Allows a broker acting as an agent in a real estate transaction to use a preprinted offer or sales contract form containing provisions on the payment of a commission or compensation, including the forfeiture of earnest money, to a broker or firm, and directs the Real Estate Commission to amend 21 NCAC 58A.0112 consistent with the provisions of the section.

    Section 5.
    Changes the act’s effective date to when it becomes law (was, October 1, 2025).

    Business and Commerce, Occupational Licensing, Courts/Judiciary, Civil, Civil Law, Development, Land Use and Housing, Property and Housing
    GS 42, GS 78A, GS 93E
  • Bill S 690 (2025-2026)
    Summary date: May 6 2025 - View Summary

    Senate committee substitute to the 1st edition makes the following changes.

    Amends the act's long title.

    Discards the abbreviation “AQB” from the definition of “Appraiser Qualifications Board” in GS 93E-1-4. Revises the definition of “Approved PAREA Program” to remove a reference to the Appraisal Foundation. Removes the abbreviation “PAREA” and a reference to the Appraisal Foundation from the definition of “Practical Applications of Real Estate Appraisal” in subsection (9a).

    Restructures the changes to GS 93E-1-6 by discarding the change to subdivision (a)(6), and specifying in subsection (a1) that an applicant may satisfy the licensure requirements for a residential real estate appraiser for education, experience, and examination by completing (1) the traditional supervisor and trainee pathway or (2) the PAREA pathway which is amended to only require successfully graduating from an approved Practical Applications of Real Estate Appraisal program and pass the state licensing exam. Removes reporting requirements for those selecting the PAREA pathway. Discards the first edition’s provisions related to license or certification as a certified residential real estate appraiser for those licensed or certified in another state under GS 93E-1-9.

    Specifies that the act is effective and applies to applications for licensure submitted on or after October 1, 2025, discarding the first edition’s references to certification and reciprocal licensure and certification.

    Business and Commerce, Occupational Licensing, Development, Land Use and Housing, Property and Housing
    GS 93E
  • Bill S 690 (2025-2026)
    Summary date: Apr 1 2025 - View Summary

    Makes amendments to GS Chapter 93E, Article 1 (Real Estate Appraiser) to provide for two licensing pathways for residential real estate appraisers, the traditional supervisor and trainee pathway, and the Practical Applications of Real Estate Appraisal (PAREA) program established by the Appraiser Qualifications Board.

    Amends GS 93E-1-4 to add definitions relevant for the new pathways, including the Appraiser Qualifications Board and PAREA.

    Adds new subsections (a1)-(a4) to GS 93E-1-6, outlining the traditional supervisor-trainee pathway and the PAREA pathway for becoming a licensed residential real estate appraiser, a certified residential real estate appraiser, and the requirements applicable to PAREA pathway reports required for certification. Specifies that nothing in the new language limits or modifies the authority to grant licensure or certification through traditional supervised experience requirements.

    Amends GS 93E-1-9 to specify that out-of-state applicants may only satisfy the requirements of the chapter by meeting substantially similar education, experience, and examination requirements. Explicitly prohibits reciprocity agreements or allowances based solely on licensure or certification in another state.

    Authorizes the North Carolina Appraisal Board to adopt rules to implement the act.

    Effective and applicable to applications for licensure or certification on or after October 1, 2025.

    Business and Commerce, Occupational Licensing, Development, Land Use and Housing, Property and Housing
    GS 93E
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