Delaware enacts licensing legislation

Licensing State Issues State Legislation Delaware Appraisal Appraisal Management Companies

On November 2, the Delaware governor signed SB 296, which increases the threshold for licensed property appraisers so that they may appraise complex one to four residential units valued up to $400,000. Among other things, the bill also amends the requirements for licensure and registration, such as that property appraisers must renew their licenses every other year instead of yearly, whereas appraisal management companies are now required to reregister and certify annually, rather than biennially. The bill is effective immediately.