We have a long way to go. But, hopefully, this is gaining steam and appraisers in every state will get to work on getting similar laws passed sooner than later. Florida and North Carolina have similar laws up for consideration right now.
Just fyi, I think the Tennessee law is the best, but the Indiana wording is very good, too.
My alter ego, Johnny Evaluationseed, is proud to see such progress:)
If you are trying to get this law passed in your state, please feel free to contact me. I would be glad to help in any way I can. In a few days I will be posting a list of Q&As that address the typical opposition to these laws. I hope you find it useful. Feel free to use it, albeit I would appreciate knowing where it is being passed around. Just curious which states are considering the law is all:)
ADDED April 27, 2017 – There has been some confusion among appraisers. I received the following explanation which I think clarifies the law. I hope it helps.
The new law very clearly says that “The provisions of this chapter DO NOT APPLY” to an appraiser performing an evaluation. So once you make the determination that: 1) you are an appraiser; and 2) that you are performing an evaluation as permitted in the law, then the rest of the law in the chapter does not apply, including anything related to USPAP compliance. At that point (appraiser performing an evaluation), you are 100% outside of the appraiser licensing law and the VREAB would have absolutely ZERO jurisdiction over you as it relates to ANYTHING.