REAL ESTATE-VARIOUS
What changed between versions
Increased the minimum contract value requiring mandatory signatures from $250,000 to $750,000 for Department of Transportation construction contracts.
Allowed the Department of Transportation to proceed with bidding and construction on certain land projects without full title approval if federal conditional certification requirements are met.
Clarified that no delay costs can be assessed against the state until the Department of Transportation complies with full title requirements for outstanding land parcels.
Updated definitions in the Real Estate Appraiser Licensing Act, including clarifications on 'appraised firm' and 'accredited college'.
Revised provisions regarding disciplinary actions and investigation procedures for real estate appraisers.