United States Congress
AACE Act
September 13, 2023
Summary
The AACE Act permits a state-licensed or certified real property appraiser to perform appraisal services for any transaction under the Secretary of the Interior's jurisdiction using a single state license, regardless of the property's location. The DOI must prefer in-state appraisers but may use out-of-state appraisers when the in-state appraiser is unavailable, not assignment-qualified, or not cost competitive, and must publish appraisal policies and report annually to Congress. State licensing requirements remain in force for all non-DOI transactions.
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Source: https://www.congress.gov/bill/118th-congress/hr-bill/5443
Common questions
- What does "AACE Act" cover?
- The AACE Act permits a state-licensed or certified real property appraiser to perform appraisal services for any transaction under the Secretary of the…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on September 13, 2023.
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