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    Washington Report and State News Jul 12, 2023

    AI Lobbies Lawmakers on Modernizing Appraisal Licensing System

    More than 120 Appraisal Institute Professionals went to Capitol Hill May 18 to urge congressional support for regulatory relief and appraisal modernization. 

    Attendees of AI’s annual Leadership Development and Advisory Council conference, held May 17-19 in Washington, talked to lawmakers about HR 2771, the Portal for Appraisal Licensing Act, legislation that would help reduce costs and red tape for appraisers and those who use appraisal services by modernizing the real estate appraisal licensing system.

    AI Professionals asked members of the House of Representatives to co-sponsor the legislation, and sought original co-sponsors in the Senate, where there currently is no companion bill.