The Real Estate Licensing and Registration Act (RELRA) governs the practice of real estate licensees in the Commonwealth and serves to protect consumers who work with real estate licensees. It is incumbent upon the association to enact laws that enhance the industry, both for its members and for consumers.
Appraisal Management Companies Legislation to provide for the registration of Appraisal Management Companies, House Bill 398 (Stevenson, R-Mercer), was reintroduced in February 2011. PAR developed this legislation in collaboration with members of the Appraisal Institute and Representatives Dick Stevenson and Sue Helm. The task force also solicited input from the Pennsylvania Bankers Association (PBA) and various Appraisal Management Company owners from across the nation. PAR testified at a House Professional Licensure Committee hearing on the importance of passing this legislation. House Bill 398 passed the House and is awaiting consideration by the Senate.