Establishes penalties for appraisers who engage in discriminatory real estate appraisals and requires certain information to be provided to present and prospective owners or occupants of real estate.

This New Jersey bill (S 3927) prohibits real estate appraisers from considering protected characteristics like race, religion, gender identity, or national origin when valuing properties. It establishes penalties for discriminatory appraisals, including restitution for affected parties, mandatory anti-bias training, and escalating fines up to $50,000 for repeat violations. The bill requires real estate professionals to provide free information about reporting discriminatory appraisals to the Division on Civil Rights within three days of key interactions, such as mortgage applications or property sales. Additionally, it mandates that the Division on Civil Rights collect and report demographic data from complainants to the Governor and Legislature by July 2026. The bill directly affects licensed appraisers, real estate brokers, and mortgage professionals in New Jersey.