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 representation requirements (e.g., two public members, one State department member, four appraiser representatives). It directly prohibits property appraisers from discriminating based on race, color, or national origin when appraising residential or commercial properties. The law requires the Department of Law and Public Safety to investigate discrimination complaints and direct the Board to impose discipline, including restitution, mandatory anti-bias training for first violations, suspension for second violations, and license revocation for third violations. These changes apply to all licensed or certified real estate appraisers and appraisal management companies operating in New Jersey.