AACE Act

The AACE Act (HR 5443) changes how appraisers can work on Department of the Interior (DOI) real property transactions. It requires that appraisers only need one state license to value property nationwide for DOI transactions, rather than needing licenses in every state where property is located. The bill mandates the DOI Secretary to submit annual reports tracking appraisal request timelines, workforce staffing, and cases where out-of-state appraisers were used under specific conditions (unavailability, lack of qualifications, or higher cost). It also requires all DOI policies related to appraisals to be published online within 90 days. This directly affects DOI contractors, appraisers working on federal land transactions, and DOI's internal appraisal processes.