Reduces membership of State Real Estate Appraiser Board and prohibits discriminatory practices in property appraisals.

This bill reduces the State Real Estate Appraiser Board from 11 to 7 members, with specific appointment rules requiring the Governor to appoint members based on recommendations from the Assembly Speaker and Senate President. It prohibits real estate appraisers and appraisal management companies from discriminating in property appraisals based on race, color, or national origin of property owners or occupants. The Department of Law and Public Safety will investigate discrimination complaints and direct the Board to enforce penalties, including requiring restitution for discriminatory appraisals, mandating anti-bias seminars for first violations, suspending licenses for second violations, and revoking licenses for third violations. Civil penalties of up to $10,000 may also apply for repeated violations.