Welcome
Daily Tax Report: State

California Governor Signs Law Prohibiting Appraiser to Act as Home Inspector During Property Valuation

Sept. 10, 2019, 9:31 PM

The California Governor Sept. 6 signed a law amending provisions related to real estate appraiser for property tax purposes. The law includes measures: 1) clarifying that the real estate appraisers have a very specific scope of practice, i.e. to determine approximate value of real estate according to comparable homes in the surrounding area; 2) prohibiting a home inspector from giving an opinion of valuation on a property; and 3) requiring that the appraiser must not act as a home inspector in the course of the home valuation process. The law takes effect Jan. 1, 2020. [/CA\FINAL\2019R1AB1018///, enacted...

To read the full article log in. To learn more about a subscription click here.