Welcome to CPREA
The Coalition of Pennsylvania Real Estate Appraisers was formed in late 2012 by the five Pennsylvania Chapters of the Appraisal Institute and other interested appraisal professionals to be the Voice of Responsible Real Estate Valuation in Pennsylvania. The CPREA grew as a response to a push by the Pennsylvania Association of Realtors® (PAR) to enact legislation that would permit salespersons and brokers to provide valuation services. The chapters realized they did not have a system in place to provide a timely response to legislation which affects the industry and the public trust, and the CPREA was formed to provide this conduit.
We encouraged other stakeholders to join our ranks, and we can proudly state that many, including multiple chapters of several national appraisal organizations, joined with us to have a voice in the Pennsylvania legislative arena. As a result of these grass-roots efforts, the fight against SB 869, introduced on April 18, 2013, which would have permitted sales agents and brokers to provide valuation services, never made it out of committee and onto the Senate floor for a vote. Despite this, we expect PAR to try again during the 2015-16 legislative session, by introducing another bill permitting agents and brokers to do valuation work.
As the 2015-2016 legislative session develops, there are other bills coming up that are of interest to valuation experts and those who utilize valuation services in Pennsylvania, to include consumer-users. At present, we are watching HB 321 which would amend the Assessors Certification Act repealing provisions relating to non-applicability and providing for certification. More information is available here.
CPREA will continue to be an organization that is ready to respond to proposed legislation
which affects the industry and public trust, and to help our legislators and the public to understand what they can and should expect from valuation experts in the Commonwealth of Pennsylvania.
Please browse our website, and ask any questions you may have about the CPREA, what the effects of SB869 would have been, had it passed, and other bills in process that could affect valuation experts and the users of their services in Pennsylvania.