Michigan House Bill HB4928

Michigan 2025-2026 Regular Session

• Introduced: 9/11/25
• Refer: 9/11/25

Caption

Occupations: appraisers; reporting window for misconduct related to appraisals; remove. Amends sec. 2635 of 1980 PA 299 (MCL 339.2635).

Impact

The implications of HB 4928 extend to how state laws regulate real estate appraisers. By removing the reporting window for complaints of misconduct, it provides a broader timeline for accountability and facilitates the enforcement of professional standards. This change could enhance the integrity of the appraisal profession and promote consumer confidence in real estate transactions, as violations could be reported and acted upon regardless of when they occurred.

Summary

House Bill 4928 aims to amend the Michigan Occupational Code to remove the reporting window for misconduct related to real property appraisals. Specifically, it amends section 2635 to impose penalties on licensed individuals who fail to adhere to established standards for appraisal development and communication. The bill emphasizes the duty of appraisers to exercise reasonable diligence and maintain the necessary records without incurring penalties for misconduct after a certain period, thus potentially increasing the accountability of appraisers.

Contention

While supporters argue that the bill is necessary for reinforcing ethical standards within the appraisal profession, opponents may contend that it could lead to unjust penalties for appraisers if a complaint arises long after the alleged misconduct. This aspect raises concerns about the fairness of retrospective enforcement and the potential for increased liability among appraisers. Debates are likely to center around the balance between consumer protection and the professional rights of appraisers, reflecting wider issues of regulation and accountability within licensed professions.