H.R. 5443, titled the "Accelerating Appraisals and Conservation Efforts Act" or the "AACE Act," aims to simplify real estate appraisals for transactions overseen by the Secretary of the Interior. It allows appraisers to be licensed in just one state, yet perform appraisals nationwide,...
Simple Explanation
H.R. 5443 is about making rules for how to check how much land and buildings are worth when the government's Department of the Interior is involved. It allows people who do these checks to work anywhere in the country, even if they have a license in just one state, but they still need to follow all the laws.