A bill expressing the sense of the Congress with respect to needed improvements in the coordination and effectiveness of Federal and State regulation of real estate appraisal practices.

Expresses the sense of the Congress with respect to the coordination and effectiveness of Federal and State regulation of real estate appraisal practices.

Declares that: (1) each State should respond to abuses occurring in the real estate appraisal profession by providing reasonable and fair regulation of appraisers; (2) each State should enact legislation establishing real estate appraiser boards to carry out voluntary appraiser certification; (3) each Federal agency should require State certified appraisals where determined appropriate; (4) the Federal Financial Institutions Examination Council should monitor Federal agencies in making such determinations; and (5) the Council should periodically report to specified congressional committees on the effectiveness of Federal and State actions taken pursuant to this resolution.