Kentucky legislation · 2026 Regular Session
Kentucky HB355: AN ACT relating to real property appraisers.
Status: Chaptered, April 14, 2026
Create a new section of KRS 324A.010 to 324A.100 to require actions against a certified or licensed real property appraiser to be brought within 1 year; amend various sections of KRS Chapter 324A to change "real estate appraisal" to "real property appraisal"; define "evaluation," "federally related transaction," and "real property-related financial transaction"; replace the Real Estate Appraisers Board with an independent agency to be known as the Real Property Appraisers Board; attach the Real Property Appraisers Board to the Department of Professional Licensing for administrative purposes; change the number of board members from 5 to 7; require 2 board members to be certified residential real property appraisers; require those employed by the board to investigate grievances to have 10 years of experience, hold a credential equal to the credential held by the appraiser under investigation, and have experience in appraising the type of property relevant to the investigation; allow the board to employ persons it deems necessary; allow the board to use hearing officers of the Attorney General's Office; allow the board or its authorized agents to give advice on best practices management; prohibit legal action arising from any advice given by the board or its agents relating to best practices management; prohibit any person not licensed or certified as a real property appraiser from providing any type of appraisal performed by a licensed or certified real property appraiser unless they are exempt; allow a licensed or certified real property appraiser to provide an evaluation; require a certificate or license holder to complete 28 hours of continuing education hours; allow hours completed for 1 USPAP update course to apply toward the continuing education requirement; require complaints to be filed with the board within 1 year after the date of transmittal of the appraisal report; establish a biennial license renewal period; increase initial application and renewal fees
What the bill says
An act relating to real property appraisers.
From the engrossed text:
AN ACT relating to real property appraisers. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. KRS 324A.010 is amended to read as follows: As used in KRS 324A.010 to 324A.100[324A.090], unless the context requires otherwise: (1) "Appraisal" means an oral, written, or electronic communication of any type or nature which is independently and impartially prepared by a licensed or certified appraiser setting forth an analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real property[estate], as of a specified date, for or in expectation of compensation; (2) "Appraisal assignment" means an engagement for which an appraiser is employed or retained to act, or would be perceived by other parties or the public as acting, as a third party in rendering an unbiased real property[estate] appraisal; (3) "Appraisal management company" has the same meaning as in Section 21 of this Act; (4) "Appraisal report" means any communication, written, oral, or electronic conveying a real property[estate] appraisal, and all other reports communicating an appraisal analysis, opinion, or conclusion; (5)[(4)] "Board" means the Real Property[Estate] Appraisers Board created in[under] KRS 324A.015; (6)[(5)] "Certificate holder or licensee" means a person certified or licensed by the board under this chapter; (7) "Evaluation" means an estimate of the market …
Sponsors
- Shawn McPherson (R, HD-022) · primary sponsor
- George Brown (D, HD-077)
- Michael Pollock (R, HD-051)
Latest actions
- : delivered to Secretary of State (Acts Ch. 172)
- : enrolled, signed by President of the Senate
- : enrolled, signed by Speaker of the House
- : passed 30-6
- : posted for passage for consideration of Governor's veto
- : to Rules (S)
- : received in Senate
- : passed 79-15
- : veto overridden
- : posted for consideration of Governor's veto
Votes
- Senate: OVERRIDE VETO FINAL PASSAGE HB 355 RSN# 4168 (April 14, 2026): 30 yea, 6 nay, passed
- House: Veto Override RCS# 462 (April 14, 2026): 79 yea, 15 nay, passed
- House: Final Passage RCS# 372 (March 31, 2026): 96 yea, 0 nay, passed
- Senate: Floor Vote (SCS 1) RSN# 3972 (March 20, 2026): 37 yea, 0 nay, passed
- House: Pass RCS# 147 (February 25, 2026): 96 yea, 0 nay, passed
Subjects: State Agencies, Property, Occupations And Professions, Licensing, Boards And Commissions, Real Estate
Common questions
- What is HB355?
- HB355 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to real property appraisers.
- What does HB355 do?
- In its own words: An act relating to real property appraisers.
- What is the status of HB355?
- Chaptered as of April 14, 2026. Latest action: delivered to Secretary of State (Acts Ch. 172) (April 14, 2026).
- Who sponsored HB355?
- Shawn McPherson (R, HD-022), with 2 co-sponsors.
- Where is the official record for HB355?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/hb355.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.