REAL ESTATE/APPRAISERS: Provides relative to real estate appraisers
HB 288 updates Louisiana's regulations for real estate appraisers by requiring all licensed appraisers to complete 28 hours of continuing education per renewal cycle, including 7 hours focused on the Uniform Standards of Professional Appraisal Practice (USPAP). The bill also clarifies definitions for "appraisal management companies" (entities overseeing 15+ appraisers in one state or 25+ across multiple states) and "appraisal management services" (processes like recruiting appraisers and handling reports). These changes directly affect licensed appraisers, appraisal management companies, and the entities that contract with them for property valuation services. The bill takes effect January 1, 2026, and repeals outdated provisions related to application timelines and sunset clauses.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2025
Committee Review
Jun 2025
House Passage
Apr 2025
Senate Passage
Jun 2025
Signed into Law
Jun 2025
Introduced Apr 2, 2025
Signed Jun 11, 2025
Maddy AI version diff · 3 comparisons
What changed between versions
HB288 Original
→
HB288 Act 263
·
4 edits
MODERATE
This bill updates the legal definition of an 'appraisal management company' to align with federal standards, specifically requiring oversight of more than 15 appraisers in one state or 25 in multiple states. It also clarifies the definition of 'appraisal management services' to include reviewing and verifying appraiser work. The act repeals an outdated provision regarding appraiser licensing fees and sets the effective date for these changes to January 1, 2026.
Scope change
The scope of the definition for 'appraisal management company' was expanded to include firms managing panels of 15 or more appraisers, whereas previous definitions may have had different thresholds or lacked this specific federal alignment.
DEFINITION
Updated the definition of 'appraisal management company' to require oversight of a panel of more than 15 licensed appraisers in a single state or 25 or more in two or more states.
Added 'reviewing and verifying the work of appraisers' to the list of activities that constitute 'appraisal management services'.
REQUIREMENT
Repealed the provision in R.S. 37:3398(C) that required appraisers to pay a fee to the Louisiana Real Estate Appraisers Board for renewal.
TIMELINE
Set the effective date for the new definitions and repeals to January 1, 2026.
Floor votes · Senate Jun 8, 2025 · House Apr 28, 2025
How they voted
35–2
Passed
Total votes 37
Jun 8, 2025
D
Democratic11
100% Yea
R
Republican26
92% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
18
Key actions
4
Committee
4
Jun 8, 2025
Upper · Passed
Rules suspended. Read by title, passed by a vote of 37 yeas and 2 nays, and ordered returned to the House. Motion to reconsider tabled.
upper
Jun 4, 2025
Upper · Passed
Reported favorably. Rules suspended. Read by title and referred to the Legislative Bureau.
upper
Apr 28, 2025
Lower · Passed
Read third time by title, roll called on final passage, yeas 71, nays 11. Finally passed, title adopted, ordered to the Senate.
lower
Apr 22, 2025
Lower · Passed
Reported favorably (16-0).
lower
Apr 14, 2025
Committee
Read by title, under the rules, referred to the Committee on Commerce.
lower
Apr 2, 2025
Committee
Under the rules, provisionally referred to the Committee on Commerce.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Delisha Boyd
DDemocratic
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