North DakotaNorth Dakota lets appraisers provide certain property estimates under separate rules
North Dakota law lets appraisers and other people provide property value estimates called evaluations for regulated financial transactions that do not require a federal appraisal.
What it does
Appraisers may provide property value estimates called evaluations under separate rules when federal law does not require an appraisal. They must follow applicable rules and clearly label these estimates.
People who are not apprentice, licensed, or certified appraisers may also provide these evaluations without an appraiser permit. North Dakota's appraiser law does not apply when they do so.
Argument forFinancial institutions could obtain property estimates from appraisers using more flexible rules when federal law does not require an appraisal.
Argument againstThe exception to usual appraisal standards could make property value estimates less consistent for financial institutions that rely on them.
More detail
Apprentice, licensed, and certified appraisers may provide evaluations under an exception to the usual professional appraisal standards. Evaluations are property value estimates for financial entities overseen by federal or state regulators, used in real estate transactions that do not require an appraisal under federal law. The evaluation must be allowed by law, regulation, or regulatory guidelines and follow applicable federal and state requirements. The appraiser must clearly label the estimate as an evaluation, not an appraisal.
North Dakota's appraiser law does not apply to people outside its apprentice, licensed, or certified appraiser categories when they prepare or provide evaluations. The exemption covers evaluations for regulated financial entities in real estate transactions that do not require an appraisal under federal law. The estimate must meet the law's definition of an evaluation, including its federal requirements.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Apr 21Filed with Secretary Of State 04/16Latest
- Apr 18Signed by Governor Kelly Armstrong 04/16Became Law
- Apr 15Sent to GovernorTo Governor
- Apr 15Signed by Speaker
- Apr 14Signed by President
- Apr 9Second reading, passed, yeas 90 nays 1Major
- Vote recorded Motion for Final Passage on HB 1354. Result: pass.Lower
- Apr 9Concurred
- Apr 2Returned to House (12)
- Apr 1Second reading, passed as amended, yeas 45 nays 1Passed Senate
- Vote recorded Motion for Final Passage on HB 1354. Result: pass.Upper
- Mar 28Laid over one legislative day
- Mar 27Amendment adopted, placed on calendar
- Mar 26Reported back amended, do pass, amendment placed on calendar 5 0 0Minor
- Mar 12Committee Hearing 10:15
- Feb 13Introduced, first reading, referred Industry and Business CommitteeMinor
- Jan 23Received from House
- Jan 22Second reading, passed, yeas 94 nays 0Passed House
- Vote recorded Motion for Final Passage on HB 1354. Result: pass.Lower
- Jan 21Reported back, do pass, place on calendar 13 0 1Minor
- Jan 21Committee Hearing 10:00
- Jan 13Introduced, first reading, referred Industry, Business and Labor CommitteeIntroduced
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