House Bill 1797 permits appraisers to perform evaluations of real estate for financial institutions
Legislation passed the Washington State House of Representatives yesterday that would make it easier for licensed or registered real estate appraisers to do evaluations for financial institutions.
House Bill 1797 permits appraisers to perform evaluations of real estate for financial institutions as long as a disclaimer is provided stating the appraiser is not engaged in appraisal activity at the time of the evaluation.
“This is a way to expand the services that appraisers can offer their clients and make it easier for the industry to get high-quality evaluations,” said Rep. Greg Cheney, R-Battle Ground and prime sponsor of the bill.
Determining market value for some transactions does not always require a complete appraisal. An evaluation can be done by a number of different individuals, but not appraisers.
“Technically speaking, an appraiser is significantly overqualified to offer real estate evaluations, but existing state law forbids them from doing so. My bill corrects this oversight,” said Cheney. “This is a win-win for appraisers, lenders, and buyers.”
House Bill 1797 is Cheney’s first bill to pass the state House of Representatives. His bill now moves to the Senate for further consideration.
Information provided by Washington State House Republicans, houserepublicans.wa.gov
Also read:
- Opinion: IBR’s evasive, misleading and dishonest excuses for higher cost
Joe Cortright argues the Interstate Bridge Replacement Program has withheld detailed cost estimates while offering contradictory explanations for rising costs tied to the I-5 Bridge project. - Journey Theater seeks performers, crew for this summer’s Into the Woods
Journey Theater is seeking performers ages 8 and older, along with crew and production committee members, for its summer production of Into the Woods. - CCSO honors heroism and outstanding service at annual awards ceremony
The Clark County Sheriff’s Office recognized deputies, civilian employees, and community members for heroism and exceptional service during its annual awards ceremony at Clark College. - Rep. Stephanie McClintock’s bill to modernize beer warehousing laws receives a public hearing
House Bill 2207, sponsored by Rep. Stephanie McClintock, received a public hearing as lawmakers considered updates to Washington’s beer warehousing laws. - Michelle Belkot announces bid for re-election to Clark County Council, District 2
Clark County Councilor Michelle Belkot announced she is seeking re-election in District 2 in the November 2026 General Election. - Opinion: The limits for drug-impaired driving
Target Zero Manager Doug Dahl explains how Washington law defines drug-impaired driving and how officers are trained to recognize impairment beyond alcohol limits. - Legislation from Rep. David Stuebe to strengthen Medicaid support for emergency ambulance services receives a public hearing
House Bill 2531, sponsored by Rep. David Stuebe, received a public hearing as lawmakers consider changes to Medicaid reimbursement and funding stability for emergency ambulance providers.
