(as of may 6, 2014) for information purposes only · (as of may 6, 2014) for information purposes...
TRANSCRIPT
(as of May 6, 2014)
For Information Purposes Only
This document is a compilation of relevant provisions of each state’s appraiser licensing and certification laws
applicable to the review of appraisals of subject properties located within the state by state-licensed or certified
appraisers who are physically situated in another state. While efforts were made to verify the information
provided, this document may contain typographical or other errors and should not be assumed to be error free.
This document should not be used to replace either official documents or the advice of a qualified professional.
Any principles and conclusions presented in this document are subject to updates, court decisions and to local,
state, and federal laws and regulations and any revisions of such laws and regulations. Readers or users of this
document are responsible for obtaining expert advice or services from a qualified professional(s).
This document is provided “AS-IS” and without any warranty of any kind, expressed or implied. This document is
presented for informational purposes only with the understanding that the Appraisal Institute is not engaged in
rendering legal, accounting, or other professional advice or services. Nothing in this document is to be construed
as the offering of such advice or services. The Appraisal Institute does not warrant the quality, accuracy,
completeness or timeliness of the data and information contained in this document. All warranties are expressly
disclaimed.
Readers who rely or use this document assume the full risk of any reliance or use. In no event shall the
Appraisal Institute, its officers, directors, employees, Designated Members, Candidates, Practicing Affiliates,
Affiliates, agents or representatives be jointly or severally, liable for any actual, direct, indirect, punitive, or
consequential damages arising from such use, even if advised of the possibility of such damages.
Nondiscrimination Policy
The Appraisal Institute advocates equal opportunity and nondiscrimination and conduct their activities in
accordance with applicable federal, state, and local laws.
Copyright Notice
Copyright © 2014 Appraisal Institute. All rights reserved. No part of this document may be reproduced,
modified, rewritten, or distributed, electronically or by any other means, without the express written permission
of the Appraisal Institute.
Index
Alabama Montana
Alaska Nebraska
Arizona Nevada
Arkansas New Hampshire
California New Jersey
Colorado New Mexico
Connecticut New York
Delaware North Carolina
District of Columbia North Dakota
Florida Ohio
Georgia Oklahoma
Hawaii Oregon
Idaho Pennsylvania
Illinois Rhode Island
Indiana South Carolina
Iowa South Dakota
Kansas Tennessee
Kentucky Texas
Louisiana Utah
Maine Vermont
Maryland Virginia
Massachusetts Washington
Michigan West Virginia
Minnesota Wisconsin
Mississippi Wyoming
Missouri
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Alabama
State Appraiser Licensing & Certification Agency
Real Estate Appraisers Board
PO Box 304355
Montgomery, AL 36130-4355
Website: http://reab.state.al.us
Phone: 334-242-8747
Fax: 334-242-8749
§ 34-27A-2. Definitions
The following terms as used in this chapter shall have the following meanings:
(1) Appraisal. The act or process of developing an opinion of value of real property; an opinion of
the value of real property; of or pertaining to appraising real property and related functions
such as appraisal practice or appraisal services.
(3) Appraisal Management Company. An external third party including, but not limited to, a
corporation, partnership, sole proprietorship, subsidiary, or limited liability company, authorized
either by a creditor of a consumer credit transaction secured by the principal dwelling of a
consumer or by an underwriter of or other principal in the secondary mortgage markets, that
oversees a network or panel of more than four certified or licensed appraisers in a state or 25 or
more nationally in a given year, that perform appraisal management services.
(6) Appraisal review. The act of developing and communicating an opinion about the quality of the
work of another appraiser that was performed as part of an appraisal assignment, except that
an examination of an appraisal for grammatical, typographical, or other similar errors that do
not make a substantive valuation change is not an appraisal review.
(17) Financial Institution. An insured depository institution as defined in Section 3 of the Federal
Deposit Insurance Act or an insured credit union as defined in Section 101 of the Federal Credit
Union Act.
(21) Real estate appraisal services. The practice of accepting an assignment to develop and report an
opinion on the value of real property in conformance with the Uniform Standards of
Professional Appraisal Practice published by the Appraisal Foundation.
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§ 34-27A-3. License required to do certain acts; statements as to licensure and certification in
appraisals, etc.; penalty for violation; assistance with appraisal.
(a) It shall be unlawful for any person, partnership, or corporation, for a fee or other valuable
consideration, or with the intention or expectation of receiving or collecting a fee or valuable
consideration from another, to do any of the following unless he or she is licensed under this
chapter:
(1) To be employed to perform or to perform an appraisal as defined in this chapter where the
subject property of the assignment lies within the borders of the State of Alabama.
(2) Present himself or herself, or allow himself or herself to be presented, as being able to
perform an appraisal for which a license is required under this chapter.
(c) Except where required by, or where necessary to fully comply with the provisions of the
Financial Institutions Reform, Recovery and Enforcement Act of 1989, Pub.L. No. 101-73, as
amended, and regulations issued pursuant thereto, this chapter shall not apply to, or preclude, a
person who is not a licensed real estate appraiser from performing real estate market analysis,
in that person's capacity as a licensed real estate broker or salesperson under this title, and this
chapter shall not apply to a licensed real estate broker or salesperson, who in the ordinary
course of business, gives an opinion to a potential seller or third party as to the recommended
listing price of real estate, or an opinion to a potential purchaser or third party as to the
recommended purchase price of real estate; and this chapter shall not apply to any employee,
officer, director, partner, or similar person making a valuation, analysis, market study, or
other appraisal for his or her employer or principal, including those related to any real estate
related financial transactions for or on behalf of a financial institution. The words “employer
or principal” as used in this subsection shall include any subsidiary, parent, affiliate, or partner
of the direct employer or principal. This chapter shall not require now or in the future any
person who lists or otherwise offers property for sale to have an appraisal of that property.
AMC Requirements
§ 34-27A-52. Limitations on ownership and employment.
(c) An employee of an appraisal management company, or any contractor working in any capacity
on behalf of an appraisal management company, that has any involvement in the actual
performance of appraisal services, or the review and analysis of completed appraisals in
Alabama shall be an appraiser certified in Alabama. The license classification shall qualify the
employee to perform all applicable job functions.
(x) Appraisal Review: The act of developing and communicating an opinion about the quality of the
work of another appraiser that was performed as part of an appraisal assignment, except that
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an examination of an appraisal for grammatical, typographical, or other similar errors that do
not make a substantive valuation change is not an appraisal review;
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Alaska
State Appraiser Licensing & Certification Agency
Board of Certified Real Estate Appraisers
PO Box 110806
Juneau, AK 99811-0806
Website: http://commerce.alaska.gov/dnn/cbpl/ProfessionalLicensing/RealEstateAppraisers.aspx
Phone: 907-465-8443
Fax: 907-465-2974
§ 08.87.100. Certificate required
A person is guilty of a class B misdemeanor who
(1) does not hold a certificate issued by the board, whose certificate is suspended or revoked, or
whose certificate has lapsed or terminated, and holds out as a certified real estate appraiser in
any way, orally or in writing, directly or by implication;
§ 08.87.340. Appraisals by uncertified appraisers permitted
Nothing in this chapter precludes a person who is not certified as a real estate appraiser from appraising
real estate for compensation if the person does not hold out to be a certified appraiser and if appraisal
by a certified appraiser is not required by federal law.
§ 08.87.900. Definitions
In this chapter:
(2) “appraisal” means an analysis, opinion, or conclusion prepared by a real estate appraiser
relating to the nature, quality, value, energy efficiency, or utility of specified interests in, or
aspects of, identified real estate, and includes a valuation appraisal, an analysis assignment, and
a review assignment;
(12) “review assignment” means an analysis, opinion, or conclusion prepared by a real estate
appraiser that forms an opinion as to the adequacy and appropriateness of a valuation appraisal
or an analysis assignment;
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Arizona
State Appraiser Licensing & Certification Agency
Arizona Board of Appraisal
15 S. 15th Avenue, Suite 103A
Phoenix, AZ 85007
Website: http://www.azboa.gov
Phone: 602-542-1558
Fax: 602-542-1598
§ 32-3601. Definitions
In this chapter, unless the context otherwise requires:
5. “Appraisal review” means the act of reviewing or the report that follows a review of an appraisal
assignment or appraisal report in which a real estate appraiser forms an opinion as to the
adequacy and appropriateness of the report being reviewed.
§ 32-3603. License or certificate use; exception
A. All real estate appraisals and appraisal reviews performed on real property in this state shall be
performed only by individuals licensed or certified in accordance with the requirements of this
chapter. No person, other than a state licensed or state certified appraiser, may assume or use
that title or any title, designation or abbreviation likely to create the impression of licensure or
certification as an appraiser by this state.
B. No person other than a state licensed or state certified appraiser may receive a fee for a real
estate appraisal or an appraisal review of real property in this state.
AMC Requirements
§ 32-3661. Definitions
In this article, unless the context otherwise requires:
4. “Appraisal review” means the act or process of developing and communicating an opinion about
the quality of another appraiser's work that was performed as part of an appraisal assignment,
but does not include an examination of an appraisal for grammatical, typographical or other
similar errors that do not communicate an opinion related to the appraiser's data collection,
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analysis, opinions, conclusions, estimate of value or compliance with the uniform standards of
professional appraisal practice.
§ 32-3670. Employee requirements
Any employee of an appraisal management company, or any person working on behalf of an appraisal
management company, who has the responsibility of selecting independent appraisers for the
performance of real property appraisal services for the appraisal management company or providing
appraisal review services on a completed appraisal, shall be appropriately trained and qualified in
compliance with this chapter.
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Arkansas
State Appraiser Licensing & Certification Agency
Appraiser Licensing and Certification Board
101 East Capitol, Suite 430
Little Rock, AR 72201
Website: http://www.arkansas.gov/alcb/
Phone: 501-296-1843
Fax: 501-296-1844
§ 17-14-103. Definitions
As used in the Arkansas Appraiser Licensing and Certification Act, § 17-14-101 et seq., § 17-14-201 et
seq., and § 17-14-301 et seq.:
(1) “Appraisal”:
(A) As a noun, means the act or process of estimating value or an estimate of value; and
(B) As an adjective, means of or pertaining to appraising and related functions, i.e., appraisal
practice and appraisal services;
(3) “Appraisal practice” and “appraisal services” mean the work or services performed by appraisers
for clients;
(6) “Appraiser” or “real estate fee appraiser” means any person who, for a fee or other
consideration, develops and communicates a real estate appraisal or otherwise gives an opinion
of the value of real estate or any interest in real estate;
§ 17-14-104. Exceptions to registration, licensing, or certification
(b)(2) The Arkansas Appraiser Licensing and Certification Act, § 17-14-101 et seq., § 17-14-201 et seq.,
and § 17-14-301 et seq., does not apply to:
(A) Persons performing appraisals as officers or staff of a bank, savings and loan, or
credit union;
(c)(2) If an appraiser does not make appraisals for any federal agency, any federally insured lending
institution, the Federal Housing Administration, the Federal National Mortgage Association, the
Federal Deposit Insurance Corporation, the United States Bankruptcy Courts, the Federal
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Highway Administration, the Federal Aviation Administration, the United States Department of
Veterans Affairs, the Internal Revenue Service, or any other federal or quasi-federal authority,
including appraisal work that is distributed via interstate commerce or appraisals involving
transactions above the threshold established by a federal financial institutions regulatory
agency, the appraiser is only required to be a state-registered appraiser under the Arkansas
Appraiser Licensing and Certification Act, § 17-14-101 et seq., § 17-14-201 et seq., and § 17-14-
301 et seq.
§ 17-14-302. License required--Membership in other organizations
(a) On or after December 31, 2001, it shall be a Class B misdemeanor for any individual to perform
an appraisal or provide appraisal services as defined in the Arkansas Appraiser Licensing and
Certification Act, § 17-14-101 et seq., § 17-14-201 et seq., and § 17-14-301 et seq., without
holding a registration, license, or certificate except as provided in § 17-14-104.
(b) A person shall not be excluded from obtaining a registration, license, or certification based
solely upon membership or lack of membership in any particular appraisal organization.
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California
State Appraiser Licensing & Certification Agency Bureau of Real Estate Appraisers 1102 Q Street, Suite 4100 Sacramento, CA 95811 Website: http://www.orea.ca.gov Phone: 916-552-9000 Fax: 916-552-9008
Business & Professions Code, § 11320. Practice without a license; prohibition; application of other
statutes
No person shall engage in federally related real estate appraisal activity governed by this part or assume
or use the title of or any title designation or abbreviation as a licensed appraiser in this state without
first obtaining a license as defined in Section 11302. Any person who willfully violates this provision is
guilty of a public offense punishable by imprisonment pursuant to subdivision (h) of Section 1170 of the
Penal Code, or in a county jail for not more than one year, or by a fine not exceeding ten thousand
dollars ($10,000), or by both the imprisonment and fine. The possession of a license issued pursuant to
this part does not preempt the application of other statutes including the requirement for specialized
training or licensure pursuant to Article 3 (commencing with Section 750) of Chapter 2.5 of Division 1 of
the Public Resources Code.
Business & Professions Code, § 11321. Authorization to use title, designation and abbreviation;
authorization to perform and sign certified real estate appraisal reports
(a) No person other than a state licensed real estate appraiser may assume or use that title or any
title, designation, or abbreviation likely to create the impression of state licensure as a real
estate appraiser in this state.
(b) No person other than a licensee may sign an appraisal. A trainee licensed pursuant to Section
11327 may sign an appraisal if it is also signed by a licensee.
(c) No person other than a licensee holding a current valid license at the residential level issued
under this part to perform, make, or approve and sign an appraisal may use the abbreviation
SLREA in his or her real property appraisal business.
(d) No person other than a licensee holding a current valid license at a certified level issued under
this part to perform, make, or approve and sign an appraisal may use the term “state certified
real estate appraiser” or the abbreviation SCREA in his or her real property appraisal business. RETURN TO INDEX
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Colorado
State Appraiser Licensing & Certification Agency
Board of Real Estate Appraisers
1560 Broadway, Suite 925
Denver, CO 80203
Website: http://www.dora.state.co.us/real-estate/appraiserlicensing.htm
Phone: 303-894-2166
Fax: 303-894-2683
Comment from the state’s appraiser regulatory authority:
“The Colorado Board of Real Estate Appraisers does not require a review appraiser who conducts a "desk
review" while in another state to be licensed in Colorado. Such a reviewer should be licensed by and
subject to regulation by the state where they are located when they conduct the review. The Colorado
Board has serious concerns about the geographic competency and ability to access relevant data of the
appraiser who prepares a "desk review" of property in a distant market. In Colorado's view, if any part of
the review process is conducted in Colorado, including property inspections, data research, photography,
etc., licensure or a temporary permit is required.”
Source: http://cdn.colorado.gov/cs/Satellite/DORA-DRE/CBON/DORA/1251627722503
§ 12-61-702. Definitions
As used in this part 7, unless the context otherwise requires:
(1) “Appraisal”, “appraisal report”, or “real estate appraisal” means a written or oral analysis,
opinion, or conclusion relating to the nature, quality, value, or utility of specified interests in, or
aspects of, identified real estate that is transmitted to the client upon the completion of an
assignment. These terms include a valuation, which is an opinion of the value of real estate, and
an analysis, which is a general study of real estate not specifically performed only to determine
value; except that the terms include a valuation completed by an appraiser employee of a
county assessor as defined in section 39-1-102(2), C.R.S. The terms do not include an analysis,
valuation, opinion, conclusion, notation, or compilation of data by an officer, director, or regular
salaried employee of a financial institution or its affiliate, made for internal use only by the
financial institution or affiliate, concerning an interest in real estate that is owned or held as
collateral by the financial institution or affiliate and that is not represented or deemed to be an
appraisal except to the financial institution, the agencies regulating the financial institution, and
any secondary markets that purchase real estate secured loans. An appraisal prepared by an
officer, director, or regular salaried employee of a financial institution who is not licensed or
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certified under this part 7 shall contain a written notice that the preparer is not licensed or
certified as an appraiser under this part 7.
(4.3) “Financial institution” means any “bank” or “savings association”, as such terms are defined
in 12 U.S.C. sec. 1813, any state bank incorporated under title 11, C.R.S., any state or federally
chartered credit union, or any company that has direct or indirect control over any of such
entities.
(5) (a) “Real estate appraiser” or “appraiser” means a person who provides an estimate of the
nature, quality, value, or utility of an interest in, or aspect of, identified real estate and includes
one who estimates value and who possesses the necessary qualifications, ability, and experience
to execute or direct the appraisal of real property.
(b) “Real estate appraiser” does not include:
(I) Any person who conducts appraisals strictly of personal property;
(II) Any person licensed as a broker pursuant to part 1 of this article who provides an
opinion of value that is not represented as an appraisal and is not used for purposes of
obtaining financing;
(III) Any person licensed as a certified public accountant pursuant to article 2 of this title,
and otherwise regulated, provided such opinions of value for real estate are not
represented as an appraisal;
(IV) Any corporation, which is acting through its officers or regular salaried employees, when
conducting a valuation of real estate property rights owned, to be purchased, or sold by
the corporation;
(V) Any person who conducts appraisals strictly of water rights or of mineral rights;
(VI) Any right-of-way acquisition agent employed by a public entity who provides an opinion
of value that is not represented as an appraisal when the property being valued is five
thousand dollars or less;
(VII) Any officer, director, or regular salaried employee of a financial institution or its affiliate
who makes, for internal use only by the said financial institution or affiliate, an analysis,
evaluation, opinion, conclusion, notation, or compilation of data with respect to an
appraisal so long as such person does not make a written adjustment of the appraisal's
conclusion as to the value of the subject real property;
(VIII) Any officer, director, or regular salaried employee of a financial institution or its affiliate
who makes such an internal analysis, valuation, opinion, conclusion, notation, or
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compilation of data concerning an interest in real estate that is owned or held as
collateral by the financial institution or its affiliate.
§ 12-61-712. Unlawful acts
(1) It is unlawful for any person to:
(a) Violate any provision of section 12-61-710(1)(c), (1)(e), or (1)(f), or to perform a real
estate appraisal in conjunction with a debt instrument that is federally guaranteed or in
the federal secondary market or regulated pursuant to title 12, U.S.C., without first
having obtained a license or certificate from the board pursuant to this part 7;
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Connecticut
State Appraiser Licensing & Certification Agency
Department of Consumer Protection
165 Capitol Avenue
Hartford, CT 06106
Website: http://www.ct.gov/dcp/site/default.asp?dcpNav_GID=1539
Phone: 860-713-6146
Fax: 860-706-1364
§ 20-500. Definitions
As used in sections 20-500 to 20-529e, inclusive, unless the context otherwise requires:
(1) “Appraisal” means the practice of developing an opinion of the value of real property, in
conformance with the USPAP.
§ 20-501. Licensing and certification. Expiration of certain licenses
(a) No person shall act as a real estate appraiser or provisional appraiser or engage in the real
estate appraisal business without the appropriate certification, license, limited license or
provisional license issued by the commission, unless exempted by the provisions of sections 20-
500 to 20-528, inclusive.
(b) No person licensed as a limited appraiser shall perform an appraisal in connection with a
federally related transaction, as defined in FIRREA. Notwithstanding any provision of this
chapter: (1) Limited appraiser licenses and renewals of such limited appraiser licenses issued
pursuant to this chapter shall expire no later than September 30, 2006; and (2) no limited
appraiser licenses shall be issued or renewed on or after October 1, 2006.
(c) Notwithstanding any provision of this chapter: (1) Licenses and renewals for licensed appraisers
issued pursuant to this chapter shall expire no later than September 30, 2003; and (2) no such
license shall be issued or renewed on or after October 1, 2003.
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Delaware
State Appraiser Licensing & Certification Agency
Division of Professional Regulation
861 Silver Lake Blvd, Suite 203
Dover, DE 19904
Website: http://www.dpr.delaware.gov/boards/realestateappraisers/index.shtml
Phone: 302-677-7309
Fax: 302-739-2711
Title 24, § 4002. Definitions
The following words, terms and phrases, when used in this chapter shall have the meanings ascribed to
them under this section, except where the context clearly indicates a different meaning:
(1) ‘‘Appraisal” shall mean an analysis, opinion, or conclusion relating to the nature, quality, value,
or utility of specified interests in, or aspects of, identified real estate as of a specific date. An
appraisal may be classified by subject matter into either a valuation or an analysis. A valuation is
an estimate of the value of real estate or real property. An analysis is a study of real estate or
real property other than estimating value. A competitive market analysis is not an appraisal.
(5) “Appraisal review” means the act or process of developing and communicating an opinion about
the quality of another appraiser's work that was performed as part of an appraisal assignment,
but does not include an examination of an appraisal for grammatical, typographical or other
similar errors that do not communicate an opinion related to the appraiser's data collection,
analysis, opinions, conclusions, estimate of value or compliance with the Uniform Standards of
Professional Appraisal Practice.
(19) ‘‘Real estate appraiser” means any person who advises, consults, or prepares analyses with
respect to real estate values, uses, sales, developments or disposition, including acquisitions by
eminent domain, or renders opinions relevant to the marketability of real estate, as a whole or
partial vocation.
Title 24, § 4007. Certificate or license required
(a) No person, partnership, association, or corporation shall hold himself, herself, or itself out to the
public in this State as being qualified to act as a real estate appraiser, or advertise, or engage in
the practice of appraising or assume to act as an appraiser, or use in connection with the
person's, partnership's, association's or corporation's name, or otherwise assume or use, any
title or description conveying or tending to convey the impression that the person, partnership,
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association or corporation is qualified to act as an appraiser, unless such person has been duly
certified or licensed under this chapter.
Title 24, § 4019. Exception
(a) This chapter shall not apply to any Delaware licensed real estate salesperson or broker, who
prepares a competitive market analysis survey used only for the purpose of listing a property for
sale or lease, nor to any individual, who prepares real estate appraisals for the licensee's full-
time employer for the employer's internal use only, and which is performed in the regular
course of employee's position.
Title 24, § 4027. Appraisal management company employees
Any employee of an appraisal management company that performs an appraisal review shall have
demonstrated knowledge of the Uniform Standards of Professional Appraisal Practice and hold a valid
appraiser license or certification in this or any state.
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District of Columbia
State Appraiser Licensing & Certification Agency
Pearson VUE
8401 Corporate Drive, Suite 250
Landover, DC 20785
Website: http://www.pearsonvue.com/dc/appraisers/
Phone: 202-442-4341
Fax: 202-698-4329
§ 47-2853.151. Scope of practice for real estate appraisers.
For the purposes of this part, the term “real estate appraiser” means any person who renders or offers
to render professional services to persons, groups, or organizations in the act or process of estimating
the value of real property and real estate.
§ 47-2853.153. Certain representations prohibited.
(a) It shall be unlawful for any person in the District to directly or indirectly engage in, advertise,
conduct the business of, or act in any capacity as a licensed or certified real estate appraiser or
use any title, designation, or abbreviation likely to create the impression of licensure by the
District as a real property appraiser for compensation within the District without first obtaining
a license as provided in this subchapter.
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Florida
State Appraiser Licensing & Certification Agency
Division of Real Estate/DBPR
400 W. Robinson Street, Suite N801
Orlando, FL 32801-1772
Website: http://www.myflorida.com/dbpr
Phone: (850) 487-1395
Fax: (407) 317-7245
475.611. Definitions
(1) As used in this part, the term:
(a) “Appraisal” or “appraisal services” means the services provided by certified or licensed
appraisers or registered trainee appraisers, and includes:
1. “Appraisal assignment” denotes an engagement for which a person is employed or
retained to act, or could be perceived by third parties or the public as acting, as an agent
or a disinterested third party in rendering an unbiased analysis, opinion, review, or
conclusion relating to the nature, quality, value, or utility of specified interests in, or
aspects of, identified real property.
2. “Analysis assignment” denotes appraisal services that relate to the employer's or
client's individual needs or investment objectives and includes specialized marketing,
financing, and feasibility studies as well as analyses, opinions, and conclusions given in
connection with activities such as real estate brokerage, mortgage banking, real estate
counseling, or real estate consulting.
3. “Appraisal review assignment” denotes an engagement for which an appraiser is
employed or retained to develop and communicate an opinion about the quality of
another appraiser's appraisal, appraisal report, or work. An appraisal review may or may
not contain the reviewing appraiser's opinion of value.
(e) “Appraisal report” means any communication, written or oral, of an appraisal, appraisal
review, appraisal consulting service, analysis, opinion, or conclusion relating to the nature,
quality, value, or utility of a specified interest in, or aspect of, identified real property, and
includes any report communicating an appraisal analysis, opinion, or conclusion of value,
regardless of title. However, in order to be recognized in a federally related transaction, an
appraisal report must be written.
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(f) “Appraisal review” means the act or process of developing and communicating an opinion
about the quality of another appraiser's appraisal, appraisal report, or work.
475.612. Certification, licensure, or registration required
(1) A person may not use the title “certified real estate appraiser,” “licensed real estate appraiser,” or
“registered trainee real estate appraiser,” or any abbreviation or words to that effect, or issue an
appraisal report, unless such person is certified, licensed, or registered by the department under this
part. However, the work upon which an appraisal report is based may be performed by a person who is
not a certified or licensed appraiser or registered trainee appraiser if the work is supervised and
approved, and the report is signed, by a certified or licensed appraiser who has full responsibility for all
requirements of the report and valuation service. Only a certified or licensed appraiser may issue an
appraisal report and receive direct compensation for providing valuation services for the appraisal
report. A registered trainee appraiser may only receive compensation for appraisal services from her or
his authorized certified appraiser.
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Georgia
State Appraiser Licensing & Certification Agency
Real Estate Appraisers Board
229 Peachtree Street, NE
Atlanta, GA 30303-1605
Website: http://www.greab.state.ga.us/
Phone: 404-656-3916
Fax: 404-656-6650
§ 43-39A-2. Definitions
As used in this chapter, the term:
(1) “Analysis” means a study of real estate or real property other than one estimating value.
(2) “Appraisal” or “real estate appraisal” means an analysis, opinion, or conclusion prepared by an
appraiser relating to the nature, quality, value, or utility of specified interests in, or aspects of,
identified real estate. An appraisal may be classified by subject matter into either a valuation or
an analysis.
(5) “Appraisal report” means any communication, written or oral, of an appraisal. For purposes of
this chapter, the testimony of an appraiser dealing with the appraiser's analyses, conclusions, or
opinions concerning identified real property is deemed to be an oral appraisal report.
(6) “Appraisal review” means the act or process of developing and communicating an opinion about
the quality of another appraiser's work that was performed as part of an appraisal assignment,
except that an examination of an appraisal for grammatical, typographical, or other similar
errors shall not be an appraisal review.
(8) “Appraiser” means any person who, for a valuable consideration or with the intent or
expectation of receiving the same from another, engages in real estate appraisal activity on any
type of real estate or real property.
(23) “Real estate appraisal activity” means the act or process of valuation of real estate or real
property and preparing an appraisal report.
(28) “Valuation” means an estimate of the value of real estate or real property.
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§ 43-39A-25. Person performing certain acts deemed appraiser; unlawful acts; cease and desist orders
(a) Any person who, directly or indirectly, with the intention or upon the promise of receiving any
valuable consideration, offers, attempts, or agrees to perform or performs any single act of real estate
appraisal activity defined in Code Section 43-39A-2, whether as a part of an appraisal or as an appraisal,
shall be deemed an appraiser within the meaning of this chapter. The commission of a single such act by
a person who is required to have an appraiser classification under this chapter but who has not obtained
such appraiser classification shall constitute a violation of this chapter.
(b) It shall be unlawful for any person, directly or indirectly, to engage in or conduct the business of, or
advertise or hold himself or herself out as engaging in or conducting the business of, or act in the
capacity of, an appraiser within this state without first obtaining an appraiser classification as provided
in this chapter.
§ 43-39A-24. Unlawful to engage in real estate appraisal activity without appraiser classification
exceptions
(a) Except as provided in this Code section, on and after July 1, 1991, it shall be unlawful for anyone to
engage in real estate appraisal activity in this state without first obtaining an appraiser classification as
provided in this chapter. Nothing in this chapter shall be construed to prohibit any person who is
licensed to practice in this state under any other law from engaging in the practice for which such
person is licensed.
(b) This chapter shall not apply to:
(7) Unless otherwise required by federal law or regulation, a person appraising real estate or
real property exclusively for the use of a bank, a savings and loan association, or a credit union.
(c) The exceptions provided by subsection (b) of this Code section shall not apply to any person who
holds an appraiser classification.
AMC Requirements
§ 43-39A-7. Application for appraiser classification
(b.1) Any employee or independent contractor of an appraisal management company who performs
appraisal review services must be an individual who holds a valid appraiser license or certification issued
pursuant to this chapter.
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Hawaii
State Appraiser Licensing & Certification Agency
Real Estate Appraisers Section
PO Box 3469
Honolulu, HI 96801
Website: http://www.hawaii.gov/dcca/areas/pvl/programs/realestateappraiser/
Phone: 808-586-2701
Fax: 808-586-2689
HRS § 466K-4. Practice as a real estate appraiser; uniform standards
(a) No person may practice as a real estate appraiser in this State unless that person has been
licensed or certified to practice in accordance with this chapter and rules adopted by the
director of commerce and consumer affairs pursuant to chapter 91. All real estate appraisers
who are licensed or certified to practice in this State shall comply with the current Uniform
Standards of Professional Appraisal Practice approved by the director when performing
appraisals in connection with a federally or non-federally related real estate transaction, or
certify compliance with the current Uniform Standards of Professional Appraisal Practice in
connection with any arbitration proceeding to determine the fair market value, fair market
rental value, or fair and reasonable rent of real estate.
§ 16-114-2. Definitions.
As used in chapter 466K, HRS, and in this chapter:
“Appraisal” or “appraisal report” means a written or oral statement independently and impartially
prepared, setting forth an opinion as to the market value of an adequately described property as of a
specific date(s), supported by the presentation and analysis of relevant market information.
“Appraiser” or “real estate appraiser” means a state licensed or state certified appraiser who for a fee
or other valuable consideration prepares appraisal reports.
“Market value” means the most probable price which a property should bring in a competitive and open
market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, and
knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the
consummation of a sale as of a specified date and the passing of title from seller to buyer under
conditions whereby:
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(1) Buyer and seller are typically motivated;
(2) Both parties are well informed or well advised, and acting in what each considers in the
party's own best interest;
(3) A reasonable time is allowed for exposure in the open market;
(4) Payment is made in terms of cash in United States dollars or in terms of financial
arrangements comparable thereto; and
(5) The price represents the normal consideration for the property sold unaffected by
special or creative financing or sales concessions granted by any person associated with
the sale.
In applying this definition of market value, adjustments to the comparable properties must be made for
special or creative financing or sales concessions. No adjustments are necessary for those costs that are
normally paid by sellers as a result of tradition or law in a market area; these costs are readily
identifiable since the seller pays these costs in virtually all sales transactions. Special or creative
financing adjustments can be made to the comparable properties by comparisons to financing terms
offered by a third party financial institution that is not already involved in the property or transaction.
Any adjustment should not be calculated on a mechanical dollar-for-dollar cost of the financing or
concession, but the dollar amount of any adjustment should approximate the market's reaction to the
financing or concessions based on the appraiser's judgment.
“Real estate” or “real property” means an identified parcel or tract of land, with improvements, and
includes easements, rights of way, undivided or future interests, or similar rights in a tract of land, but
does not include mineral rights, timber rights, growing crops, water rights, or similar interests severable
from the land when the transaction does not involve the associated parcel or tract of land.
§ 16-114-19. License or Certification Required.
It shall be unlawful for an individual who is not licensed or certified under chapter 466K, HRS, and this
chapter to prepare or hold oneself out as being able to prepare an appraisal in connection with a
federally related transaction or non-federally related transaction requiring licensure or certification
under chapter 466K, HRS, and this chapter.
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Idaho
State Appraiser Licensing & Certification Agency
Real Estate Appraiser Board
700 W. State Street
Boise, ID 83702
Website: http://ibol.idaho.gov/IBOL/BoardPage.aspx?Bureau=REA
Phone: 208-334-3233
Fax: 208-334-3945
§ 54-4104. Definitions
As used in this chapter:
(1) “Appraisal” or “real estate appraisal” means an analysis, opinion or conclusion relating to the value,
nature, quality, or utility of specified interests in, or aspects of, identified real estate.
(2) “Appraisal assignment” means an engagement for which an appraiser is employed or retained to act,
or would be perceived by third parties or the public as acting, as a disinterested third party in rendering
an unbiased opinion or conclusion relating to the value, nature, quality or utility of specified interests in,
or aspects of, identified real estate.
(9) “Real estate appraiser” or “appraiser” means a person who for a fee or other valuable consideration
or the expectation thereof, develops and communicates real estate appraisals or otherwise gives an
opinion of the value of real estate or any interest therein.
§ 54-4103. Use of term “licensed” or “certified” appraiser--Unlawful practice of appraisal
It shall be unlawful for any person in this state to assume or use the title “state licensed” or “state
certified real estate appraiser” or any title, designation or abbreviation likely to create the impression of
licensure or certification by the state of Idaho for any real estate appraisal, unless the person has first
been licensed or certified by the real estate appraiser board under the provisions of this chapter. The
board may adopt for the exclusive use of persons licensed or certified under the provisions of this
chapter, a seal, symbol or other mark identifying the user as a state licensed or certified real estate
appraiser.
It shall be unlawful for any person to appraise, practice appraisal, assume to act as, or hold themselves
out to the public as an appraiser, or carry on the calling of an appraiser within the state, or to perform
an appraisal of real estate located in this state unless the person has first been licensed or certified by
the board under the provisions of this chapter.
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Illinois
State Appraiser Licensing & Certification Agency
Real Estate Appraisal Administration Division
100 W. Randolph Street, 9th Floor
Chicago, IL 60601
Website: http://www.idfpr.com/dpr/re/APPRAISAL.asp
Phone: 312-793-6608
Fax: 312-793-8720
458/1-10. Definitions
As used in this Act, unless the context otherwise requires:
“Appraisal” means (noun) the act or process of developing an opinion of value; an opinion of value
(adjective) of or pertaining to appraising and related functions, such as appraisal practice or appraisal
services.
“Appraisal assignment” means a valuation service provided as a consequence of an agreement between
an appraiser and a client.
“Appraisal practice service” means valuation services performed by an individual acting as an appraiser,
including, but not limited to, appraisal, appraisal review, or appraisal consulting.
“Appraisal review” means the act or process of developing and communicating an opinion about the
quality of another appraiser's work that was performed as part of an appraisal, appraisal review, or
appraisal assignment.
“Appraiser” means a person who performs real estate or real property appraisals.
458/5-5. Necessity of license; use of title; exemptions
(a) It is unlawful for a person to (i) act, offer services, or advertise services as a State certified general
real estate appraiser, State certified residential real estate appraiser, or associate real estate trainee
appraiser, (ii) develop a real estate appraisal, (iii) practice as a real estate appraiser, or (iv) advertise or
hold himself or herself out to be a real estate appraiser without a license issued under this Act. A person
who violates this subsection is guilty of a Class A misdemeanor for a first offense and a Class 4 felony for
any subsequent offense.
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Indiana
State Appraiser Licensing & Certification Agency
Real Estate Appraiser Lic. and Cert. Board
402. W. Washington, Room W072
Indianapolis, IN 46204
Website: http://www.in.gov/pla/appraiser.htm
Phone: 317-234-3009
Fax: 317-233-5559
25-34.1-3-8 Real estate appraiser licensure and certification program; necessity for licensure or
certification
(a) This section does not preclude a person who:
(1) is not licensed or certified as a real estate appraiser under this section; and
(2) is licensed as a broker under this article;
from appraising real estate in Indiana for compensation.
(b) As used in this section, “federal act” refers to Title XI of the Financial Institutions Reform, Recovery,
and Enforcement Act (12 U.S.C. 3331 through 3351).
(c) The commission shall adopt rules to establish a real estate appraiser licensure and certification
program to be administered by the board.
(d) The commission may not adopt rules under this section except upon the action and written
recommendations of the board underIC 25-34.1-8-6.5.
(e) The real estate appraiser licensure and certification program established by the commission under
this section must meet the requirements of:
(1) the federal act;
(2) any federal regulations adopted under the federal act; and
(3) any other requirements established by the commission as recommended by the board,
including requirements for education, experience, examination, reciprocity, and temporary
practice.
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(f) The real estate appraiser licensure and certification requirements established by the commission
under this section must require a person to meet the standards for real estate appraiser certification
and licensure established:
(1) under the federal act;
(2) by federal regulations; and
(3) under any other requirements established by the commission as recommended by the
board, including requirements for education, experience, examination, reciprocity, and
temporary practice.
(g) The commission may require continuing education as a condition of renewal for real estate appraiser
licensure and certification.
(h) The following are not required to be a licensed or certified real estate appraiser to perform the
requirements of IC 6-1.1-4:
(1) A county assessor.
(2) A township assessor.
(3) An employee of a county or township assessor.
(i) Notwithstanding IC 25-34.1-3-2(a):
(1) only a person who receives a license or certificate issued under the real estate appraiser licensure
and certification program established under this section may appraise real estate involved in
transactions governed by:
(A) the federal act; and
(B) any regulations adopted under the federal act;
as determined under rules adopted by the commission, as recommended by the board; and
(2) a person who receives a license or certificate issued under the real estate appraiser licensure and
certification program established under this section may appraise real estate not involved in
transactions governed by:
(A) the federal act; and
(B) any regulations adopted under the federal act;
as determined under rules adopted by the commission, as recommended by the board.
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25-34.1-8-12 Real estate appraisal practice or education without license or certification; injunctions;
enforcement
Sec. 12. (a) A person who:
(1) performs:
(A) the acts of a licensed real estate appraiser without a license; or
(B) the acts of a certified real estate appraiser without a certificate; or
(2) conducts or solicits or accepts enrollment of students for a course without course approval as
required by section 13 of this chapter;
commits a Class B infraction. When a judgment is entered for an offense under this section, the court
shall add to any fine imposed the amount of any fee or other compensation earned in the commission of
the offense. Each transaction constitutes a separate offense.
Provisions Applicable to AMCs
25-34.1-11-12 “Appraisal review” defined
Sec. 12. (a) As used in this section, “appraisal review” means the USPAP Standard 3 process of
developing and communicating an opinion about the quality of an independent real estate appraiser's
work that is performed as part of an appraisal assignment made by an appraisal management company.
However, the term does not include:
(1) an examination of an appraisal solely for grammatical errors, typographical errors, or similar
errors; or
(2) a quality control examination for completeness.
(b) An individual who performs an appraisal review must hold a license or certificate under IC 25-34.1-3-
8 or a license as a real estate broker under IC 25-34.1
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Iowa
State Appraiser Licensing & Certification Agency
Real Estate Appraiser Examining Board
200 E. Grand St. Suite 350
Des Moines, IA 50309
Website: http://www.state.ia.us/government/com/prof/appraiser/home.html
Phone: 515-725-9021
Fax: 515-725-9032
543D.2. Definitions
As used in this chapter, unless the context otherwise requires:
1. “Appraisal” or “real estate appraisal” means an analysis, opinion, or conclusion relating to the nature,
quality, value, or utility of specified interests in, or aspects of, identified real estate. An appraisal may be
classified by subject matter into either a valuation or an analysis.
A “valuation” is an estimate of the value of real estate or real property. An “analysis” is a study of real
estate or real property other than estimating value.
2. “Appraisal assignment” means an engagement for which an appraiser is employed or retained to act,
or would be perceived by third parties or the public as acting as a disinterested third party in rendering
an appraisal, valuation, or analysis.
4. “Appraisal report” means any communication of an appraisal.
9. “Review appraiser” means a person who is responsible for the administrative approval of the
appraised value of real property or assures that appraisal reports conform to the requirements of law
and policy, or that the value of real property estimated by appraisers represents adequate security, fair
market value, or other defined value.
10. “Specialized services” means a hypothetical or other special valuation, or an analysis or an appraisal
which does not fall within the definition of an appraisal assignment.
543D.15. Use of term
1. The term “certified real estate appraiser” shall only be used to refer to individuals who hold the
certificate and shall not be used in connection with or as part of the name or signature of a firm,
partnership, corporation, or group, or in a manner that it may be interpreted as referring to a firm,
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partnership, corporation, group, other business entity, or anyone other than an individual holder of the
certificate.
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Kansas
State Appraiser Licensing & Certification Agency
Real Estate Appraisal Board
700 SW Jackson, Suite 1102
Topeka, KS 66603
Website: http://www.kansas.gov/kreab/
Phone: 785-296-6736
Fax: 785-368-6443
K.S.A. 58-4102 K.S.A. 58-4102 - Definitions
As used in this act:
(a) “Appraisal” or “real estate appraisal” means an analysis, opinion or conclusion prepared by a
real estate appraiser relating to the nature, quality, value or utility of specified interests in, or
aspects of, identified real estate. An appraisal may be classified by subject matter into either a
valuation or an analysis. A valuation is an estimate of the value of real estate or real property.
An analysis is a study of real estate or real property other than estimating value.
(b) “Appraisal assignment” means an engagement for which an appraiser is employed or retained
to act, or would be perceived by third parties or the public as acting, as a disinterested party in
rendering an unbiased analysis, opinion or conclusion relating to the nature, quality, value or
utility of specified interests in, or aspects of, identified real estate.
(i) “Real estate-related financial transaction” means any transaction involving: (1) The sale, lease,
purchase, investment in or exchange of real property, including interests in property or the
financing thereof; (2) the refinancing of real property or interests in real property; (3) the use of
real property or interests in property as security for a loan or investment, including mortgage-
backed securities; or (4) a federally related transaction.
(j) “Real property” means one or more defined interests, benefits and rights inherent in the
ownership of real estate.
(n) “Written appraisal” means a written statement used in connection with a real estate-related
financial transaction that is independently and impartially prepared by a licensed or certified
appraiser setting forth an opinion of defined value of an adequately described property as of a
specific date, supported by presentation and analysis of relevant market information.
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(o) “Appraiser” means a person who develops and communicates real estate appraisals for real
estate-related financial transactions and holds a current valid certification or license issued to
such person under the provisions of K.S.A. 58-4101 et seq., and amendments thereto.
58-4103. Certification or licensure, when required; temporary certification or licensure; penalty for
violations; exemptions
(a) Except as provided in subsection (b), no person, other than a state certified or licensed
appraiser, shall:
(1) Engage in any written appraisal in connection with a real estate-related financial
transaction;
(2) assume or use the title of state certified or licensed appraiser or any title, designation
or abbreviation likely to create the impression of certification or licensure as a real
estate appraiser by this state; or
(3) advertise or otherwise represent in any manner that such person is a state certified or
licensed appraiser.
(e)(1) The provisions of paragraph (1) of subsection (a) shall not be applicable to financial institutions
engaging in real estate-related financial transactions and otherwise subject to K.S.A. 58-4101 et
seq., and amendments thereto, when the following conditions are met:
(A) An employee of the financial institution conducts an appraisal as defined in subsection
(a) of K.S.A. 58-4102, and amendments thereto, or conducts an evaluation in
accordance with state and federal banking regulations; and
(B) when the loan that is the subject of such appraisal is not intended to be sold in the
secondary market and is intended to be held by the financial institution for the life of
the loan.
(2) If the financial institution disposes of the loan granted under paragraph (1)(B) of this subsection
in the secondary market, such financial institution shall be required to obtain an appraisal by a
state licensed or certified appraiser as required by paragraph (1) of subsection
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Kentucky
State Appraiser Licensing & Certification Agency
Real Estate Appraisers Board
135 W. Irvine Street, Suite 301
Richmond, KY 40475
Website: http://kreab.ky.gov/
Phone: 859-623-1658
Fax: 859-623-2598
324A.010 Definitions for KRS 324A.010 to 324A.090
As used in KRS 324A.010 to 324A.090, unless the context requires otherwise:
(1) “Appraisal” means an oral or written communication independently and impartially prepared by
a licensed or certified appraiser setting forth an analysis, opinion, or conclusion relating to the
nature, quality, value, or utility of specified interests in, or aspects of, identified real estate, as of
a specified date, for or in expectation of compensation;
324A.030 Assumption or use of title, designation, or abbreviation to create impression of certification
or licensure prohibited; powers of certified or licensed appraiser; appraiser for Transportation Cabinet
(8) A person shall not provide appraisal, appraisal review or appraisal consulting assignments or
perform any of the duties usually performed by a licensed or certified real property appraiser for
a federally related transaction unless the person at the time holds a license or certificate of real
property appraiser issued and validly existing under the laws of the Commonwealth of Kentucky
, as provided in this chapter.
Requirements Applicable to AMCs
201 KAR 30:360. Operation of an appraisal management company
(9) A registrant shall require that if an appraisal report prepared by a Kentucky licensed or certified
real property appraiser is reviewed by a state licensed or certified real property appraiser, the
review appraiser shall also be certified by the Kentucky Real Estate Appraisers Board.
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Louisiana
State Appraiser Licensing & Certification Agency
Real Estate Appraisers Board
9071 Interline Avenue
Baton Rouge, LA 70809
Website: http://www.reab.state.la.us/
Phone: 225-925-1923
Fax: 225-925-4501
LSA-R.S. 37:3392. Definitions
As used in this Chapter, the following words have the meaning ascribed to them in this Section unless
the context clearly indicates otherwise:
(1) “Appraisal” or “real estate appraisal” means an analysis, opinion, or conclusion relating to the
nature, quality, value, or utility of specified interests in, or aspects, including energy efficiency,
of, identified real estate, for or in expectation of compensation.
(3) “Appraisal report” means any communication, written or oral, of an analysis, opinion, or
conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects,
including energy efficiency, of, identified real estate.
LSA-R.S. 37:3393. License required; penalty for unlicensed real estate appraiser activity
A. No person, other than a state licensed real estate appraiser, shall assume or use that title or any
title, designation, or abbreviation that may create the impression of being licensed as a real
estate appraiser by this state.
B. No licensed real estate appraiser shall assume or use any title, designation, or abbreviation that
may create the impression of being licensed in a class other than that for which his license has
been issued.
C. It shall be unlawful for any individual, for a fee or other valuable consideration, or with the
intention or expectation of receiving or collecting a fee or valuable consideration from another,
to do any of the following unless the individual is licensed under this Chapter:
(1) Be employed to perform or perform an appraisal as defined in this Chapter where the
subject property of the assignment lies within the borders of the state of Louisiana.
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(2) Present himself, or allow himself to be presented, as being able to perform an appraisal
for which a license is required under this Chapter.
AMC Requirements
LSA-R.S. 37:3415.2. Definitions
As used in this Chapter, the following words have the meaning ascribed to them in this Section unless
the context clearly indicates otherwise:
(1) “Appraisal” means the act or process of developing an opinion of value of real property
following the appraisal process defined by the Uniform Standards for Professional Appraisal
Practice.
(4) “Appraiser” is defined as one who is expected to perform valuation services competently and in
a manner that is independent, impartial, and objective.
(10) “Real estate appraisal services” means residential valuation services performed by an individual
acting as an appraiser, including but not limited to appraisal, appraisal review, or appraisal
consulting, as these services are defined under the Uniform Standards for Professional Appraisal
Practice.
(11) “Administrative review”, “compliance review”, “quality check”, or “QC” means a process that
checks an appraisal report for compliance with the Uniform Standards of Professional Appraisal
Practice or other stipulated requirements.
(12) “Appraisal review” means the act or process of developing and communicating an opinion about
the quality of another appraiser's work that was performed as part of an appraisal assignment.
The term shall not include an examination of an appraisal for grammatical, typographical,
mathematical, or other similar administrative errors that do not involve the appraiser's
professional judgment, including compliance with the elements of the client's statement of
work.
LSA-R.S. 37:3415.3 License required
C. (1) A person who performs an appraisal review for an appraisal management company shall be
licensed or certified in Louisiana.
(2) An administrative review may be performed by any individual, including a certified appraiser.
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Maine
State Appraiser Licensing & Certification Agency
Board of Real Estate Appraisers
# 35 State House Station
Augusta, ME 04333-0035
Website: http://www.maine.gov/pfr/professionallicensing/
Phone: 207-624-8520
Fax: 207-624-8637
32 M.R.S.A. § 14002 Definitions
1. Appraisal. “Appraisal” means an analysis, opinion or conclusion prepared by a real estate appraiser
related to the nature, quality, value or utility of specified interests in, or aspects of, identified real
property.
13. Real estate appraiser. “Real estate appraiser” means a person who engages in real estate appraisal
activity for a fee or other valuable consideration. “Real estate appraiser” includes review appraisers and
appraisal administrators.
32 M.R.S.A. § 14003 License required
Except as provided in section 14004, it is unlawful for a person to prepare, for a fee or other valuable
consideration, an appraisal or appraisal report relating to real estate or real property in this State
without first obtaining a real estate appraisal license. Only an individual may be licensed under this
chapter. This section does not apply to individuals who do not render significant professional assistance
in arriving at a real estate appraisal analysis, opinion or conclusion. Nothing in this chapter prohibits any
person who is licensed to practice in this State under any other law from engaging in the practice for
which that person is licensed.
32 M.R.S.A. § 14004 Exemption
Real estate appraisal activity does not include:
1. Salaried employees. Appraisals prepared by a salaried employee of a real estate owner who, in the
regular course of employment, makes appraisals of the real estate of the employer or of real estate
under consideration for purchase or exchange for the sole consideration of the employer
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Maryland
State Appraiser Licensing & Certification Agency
Commission Of Real Estate Appraisers & Home Inspectors
500 N. Calvert Street, Room 302
Baltimore, MD 21202-3651
Website: http://www.dllr.state.md.us/license/reahi/
Phone: 410-230-6165
Fax: 410-333-6314
MD Code, Business Occupations & Professions, § 16-101, Definitions
(a) In this title the following words have the meanings indicated.
(b)(1) “Appraisal” means an analysis, conclusion, or opinion about the nature, quality, utility, or value of
interests in or aspects of identified real estate.
(2) “Appraisal” includes:
(i) a valuation appraisal;
(ii) an analysis assignment; and
(iii) a review assignment.
Provide real estate appraisal services
(o) “Provide real estate appraisal services” means to make for consideration an appraisal of real estate
or prepare or sign an appraisal report in connection with a federally related transaction, as defined in
the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
§ 16-301. License required to provide real estate appraisal services
In general
(a) After June 30, 1991, and except as otherwise provided in this title, an individual shall be licensed by
the Commission to provide real estate appraisal services before the individual may provide real estate
appraisal services in the State.
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AMC Provisions
MD Code, Business Occupations & Professions, § 16-5B-01, Definitions
(c)(1) “Appraisal review” means the act of developing and communicating an opinion about the quality
of another appraiser's work that was performed as part of an appraiser assignment.
(2) “Appraisal review” does not include an examination of an appraisal for grammatical, typographical,
or other similar errors that do not make a substantive valuation change.
MD Code, Business Occupations & Professions, § 16-5B-08, Confirmation of competent appraisers
In general
Licensure or certification of appraiser required
(c) An employee of or independent contractor to the appraisal management company that performs an
appraisal review on a property located in the State shall be an appraiser licensed or certified in the
State.
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Massachusetts
State Appraiser Licensing & Certification Agency
Board of Registration of Real Estate Appraisers
1000 Washington Street, Suite 710
Boston, MA 02118-6100
Website: http://www.mass.gov/ocabr/licensee/dpl-boards/ra/
Phone: 617-727-3055
Fax: 617-727-0139
M.G.L.A. 112 § 173, Definitions applicable to Secs. 173 to 195
The following terms as used in sections one hundred and seventy-three to one hundred and ninety-five,
inclusive, shall have the following meanings:
“Appraisal assignment”, an engagement for which an appraiser is employed or retained to act, or would
be perceived by a third party or the public as acting, as a disinterested third party in rendering an
unbiased analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified
interests in, or aspects of, identified real estate.
“Appraisal” or “real estate appraisal”, a written analysis, opinion or conclusion prepared by a real estate
appraiser relating to the nature, quality, value or utility of specified interests in, or aspects of, identified
real estate. An appraisal may be classified as a valuation or an analysis, or both. A valuation is an
estimate of the value of real estate or real property. An analysis is a study of real estate or real property
other than estimating value.
M.G.L.A. 112 § 174, Real estate appraiser titles; certification or licensing; opinions
A. No person, other than a state-certified general real estate appraiser, state-certified residential real
estate appraiser or state-licensed real estate appraiser, shall assume or use that respective title or any
title, designation, or abbreviation likely to create the impression of certification or licensing as a real
estate appraiser by the commonwealth. A person who is not state-certified or state-licensed shall not
describe or refer to any appraisal or other evaluation of real estate located in the commonwealth by the
term “certified”; provided, however, that this shall not preclude a person who is not certified as a state-
certified general real estate appraiser, state-certified residential real estate appraiser or state-licensed
real estate appraiser from appraising real estate in connection with non-federally related transactions
for compensation.
264 CMR 2.03, Definitions
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The definitions of the following terms shall apply to 264 CMR 1.00 through 12.00. The definitions used
herein shall be construed consistent with the Uniform Standards of Professional Appraisal
Practice (USPAP), as adopted by 264 CMR 1.02: Definitions. Where inconsistencies are found, the USPAP
document and interpretations shall control.
Appraisal Assignment - an engagement for which an appraiser is employed or retained to act, or would
be perceived by a third party or the public as acting, as a disinterested third party in rendering an
unbiased analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified
interest in, or aspects of, identified real estate.
Appraisal or Appraisal of Real Estate - a written or oral analysis, opinion or conclusion prepared by a real
estate appraiser relating to the nature, quality, value or utility of specified interests in, or aspects of,
identified real estate. The act or process of estimating value. An appraisal may be classified as a
valuation or analysis, or both.
Appraisal Report - a written or oral report of an appraisal.
Appraisal Review - the act or process of developing and communicating an opinion about the quality of
another appraiser's work that was performed as part of an appraisal assignment related to the
appraiser's data collection, analysis, opinions, conclusions, opinion of value, or compliance with
the Uniform Standards of Professional Appraisal Practice (USPAP). Appraisal Review does not include:
(a) a general examination for grammatical, typographical or similar errors; or
(b) a general examination for completeness including regulatory (other than USPAP) and/or
client requirements as specified in an agreement process that does not communicate an opinion
of value.
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Michigan
State Appraiser Licensing & Certification Agency
Board of Real Estate Appraisers
P.O. Box 30018
Lansing, MI 48909
Website: http://www.michigan.gov/lara
Phone: 517-241-9288
Fax: 517-373-1044
M.C.L.A. 339.2601, Definitions
Sec. 2601. As used in this article:
(a) “Appraisal” means an opinion, conclusion, or analysis relating to the value of real property but does
not include any of the following:
(i) A market analysis performed by a person licensed under article 25 solely for the purpose of
assisting a customer or potential customer in determining the potential sale, purchase, or listing
price of real property or the rental rate of real property as long as a fee or any other valuable
consideration is not charged for that analysis.
(ii) A market analysis of real property for a fee performed by a broker or associate broker
licensed under article 25 which does not involve a federally related transaction if the market
analysis is put in writing and it states in boldface print “This is a market analysis, not an appraisal
and was prepared by a licensed real estate broker or associate broker, not a licensed
appraiser.”. Failure to do so results in the individual being subject to the penalties set forth in
article 6.2
(iii) An assessment of the value of real property performed on behalf of a local unit of
government authorized to impose property taxes when performed by an assessor certified
under section 10d of the general property tax act, 1893 PA 206, MCL 211.10d, or an individual
employed in an assessing capacity.
(c) “Appraiser” means an individual engaged in or offering to engage in the development and
communication of an appraisal.
339.2607. Representations; use of terms; powers
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Sec. 2607. (1) A person shall not act as or offer to act as an appraiser unless licensed under this article or
exempt from licensure under this article.
(2) An individual shall not represent himself or herself to be a state licensed real estate appraiser, a
certified general real estate appraiser, a certified residential real estate appraiser, or a limited real
estate appraiser unless that individual is licensed under this article in the appropriate capacity.
AMC Provisions
M.C.L.A. 339.2671, Duties and prohibitions; penalties
Sec. 2671. (1) An appraisal management company shall ensure that any employee of the appraisal
management company, or any other individual working on behalf of the appraisal management
company, who is responsible for selecting independent appraisers for the performance of real estate
appraisal services for the appraisal management company or review completed appraisals for the
appraisal management company is appropriately trained.
(2) An appraisal management company shall ensure that any employee or independent contractor of
the company who is responsible for completing standard 3 appraisal reviews, or who performs a
standard 3 appraisal review, on its behalf has a valid license as a certified appraiser. As used in this
subsection:
(a) “Quality control examination” means an examination of an appraisal review report to
determine the report's completeness, including, but not limited to, examining the report for
grammatical, typographical, or other similar errors.
(b) “Standard 3 appraisal review” means an appraisal review that meets the requirements of
standard 3 of the uniform standards of professional appraisal practice for appraisal reviews. The
term does not include a quality control examination.
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Minnesota
State Appraiser Licensing & Certification Agency
Dept. of Commerce
85 - 7th Place East, Suite 500
St. Paul, MN 55101-3165
Website: http://mn.gov/commerce/
Phone: 651-539-1600
Fax: 651-284-4107
M.S.A. § 82B.021, Definitions
Subdivision 1. Scope. For the purposes of this chapter, the terms defined in this section have the
meanings given them.
Subd. 4. Appraisal assignment. “Appraisal assignment” means an engagement for which an appraiser is
employed or retained to act, or would be perceived by third parties or the public as acting, as a
disinterested third party in giving an unbiased analysis, opinion, or conclusion relating to the nature,
quality, value, or utility of named interests in, or aspects of, identified real estate.
Subd. 6. Appraisal or real estate appraisal. “Appraisal” or “real estate appraisal” means an analysis,
opinion, or conclusion relating to the nature, quality, value, or utility of named interests in, or aspects
of, identified real estate for purposes of preparing an appraisal report. An appraisal may be classified by
subject matter into either a valuation or an analysis.
Subd. 7. Appraisal report. “Appraisal report” means an oral or written communication of an appraisal for
compensation that is not a contingent fee as defined in section 82B.22 given or signed by a licensed real
estate appraiser.
M.S.A. § 82B.03, Prohibitions
Subdivision 1. License required. (a) It is unlawful for a person to act as a real estate appraiser in this
state unless licensed under this chapter.
(b) Only persons licensed under this chapter may advertise or represent themselves to be real estate
appraisers.
(c) No person, other than a licensed real estate appraiser, may assume or use that title or a title,
designation, or abbreviation likely to create the impression of licensure as a real estate appraiser by this
state.
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Subd. 2. License not required. (a) An officer or employee of a corporation, partnership, or other business
entity may act as a real estate appraiser without obtaining a license under this chapter if the
corporation, partnership, or other business entity in which the person is employed or is an officer has an
interest in the real estate that is the subject of the appraisal as owners, lenders, investors, or insurers.
(b) Notwithstanding licensure under this chapter, any appraisal conducted by a person exempt under
this subdivision is only subject to the guidelines for real estate appraisal policies and review procedures
of the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, the Federal Reserve
Board, the Farm Credit Administration, the National Credit Union Administration, or the comptroller of
the currency, if the appraisal was conducted only within the scope and purpose of this subdivision.
(c) If a real estate appraisal is made by a person who is exempt from licensing under this subdivision, the
person for whom the appraisal is conducted must be given written notice that the appraisal was not
conducted by a licensed appraiser, and the appraisal report must clearly state that it was conducted by
an interested party and not by a licensed real estate appraiser.
AMC Provisions
M.S.A. § 82C.02 - Definitions
Subdivision 1. Terms. As used in this chapter, the terms in this section have the meanings given them.
Subd. 2. Appraisal. In conformance with the Uniform Standards of Professional Appraisal Practice
(USPAP), “appraisal” is defined as: (noun) the act or process of developing an opinion of value; an
opinion of value; (adjective) of or pertaining to appraising and related functions such as appraisal
practice or appraisal services. For purposes of this chapter, all appraisals or assignments that are
referred to involve one to four unit single-family properties.
Subd. 3. Appraisal assignment. “Appraisal assignment” means an engagement for which an appraiser is
employed or retained to act, as a disinterested third party in giving an unbiased analysis, opinion, or
conclusion relating to the nature, quality, value, or utility of named interests in, or aspects of, identified
real estate.
Subd. 4. Appraisal management company. “Appraisal management company” means a corporation,
partnership, sole proprietorship, subsidiary, unit, or other business entity that directly or indirectly
performs the following appraisal management services:
(1) administers networks of independent contractors and/or employee appraisers to perform
residential real estate appraisal assignments for clients;
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(2) receives requests for residential real estate appraisal services from clients and, for a fee paid
by the client, enters into an agreement with one or more independent appraisers to perform
the real estate appraisal services contained in the request; or
(3) serves as a third-party broker of appraisal management services between clients and
appraisers.
Subd. 6. Appraiser. “Appraiser” means a person who is expected to perform valuation services
competently and in a manner that is independent, impartial, and objective, and who is licensed under
chapter 82B.
Subd. 8. Appraisal review. “Appraisal review” means the act of developing and communicating an
opinion about the quality of another appraiser's work that was performed as part of an appraisal
assignment, except that an examination of an appraisal for grammatical, typographical, or other similar
errors that do not make a substantive valuation change shall not be an appraisal review.
M.S.A. § 82C.10, Employee requirements
An employee of the appraisal management company that has the responsibility to review the work of
employed and independent appraisers where the subject properties are located within this state, which
include the reviewer's opinion of value or concurrence with the original appraiser's value, must be
licensed according to chapter 82B and perform the review assignments in compliance with USPAP and
chapter 82B. This requirement does not apply to employees who review appraisals for completeness
and compliance in connection with an appraisal management company's internal quality control
processes, but who do not perform appraisal reviews that are subject to Standard 3 of USPAP.
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Mississippi
State Appraiser Licensing & Certification Agency
Real Estate Appraiser Licensing & Certification Board
2506 Lakeland Drive, Suite 300
Flowood, MS 39232
Website: http://www.mrec.state.ms.us/mab/index_mab.html
Phone: 601-932-6770
Fax: 601-932-3880
§ 73-34-3. Definitions
As used in this chapter, the following terms and phrases shall have the following meanings unless the
context clearly indicates otherwise:
(a) “Appraisal” means an analysis, opinion or conclusion prepared by a real estate appraiser relating to
the nature, quality, value or utility of specified interests in, or aspects of, identified real estate or
identified real property performed in accordance with the Uniform Standards for Professional Appraisal
Practice. An appraisal may be classified by the nature of the assignment into either a valuation
assignment or an evaluation assignment. The term “valuation assignment” means an analysis, opinion or
conclusion prepared by a real estate appraiser that estimates the value of an identified parcel of real
estate or identified real property at a particular point in time. The term “evaluation assignment” means
an analysis, opinion or conclusion prepared by a real estate appraiser that relates to the nature, quality
or utility of identified real estate or identified real property.
§ 73-34-5. Licensing requirements
(1) Except as otherwise provided for in this section, it shall be unlawful for anyone to engage in real
estate appraisal activity in this state without first obtaining one (1) of the four (4) real estate appraiser
licenses as provided in this chapter.
(b) The provisions of this chapter shall not apply to any director, officer or salaried employee of
commercial banks, savings banks, credit unions, and savings and loan associations, when
engaged in appraisal or evaluation activities for and on behalf of such financial institution unless
there is a fee charged for the appraisal or evaluation; provided that a federal statute, rule or
regulation does not require such appraisal or evaluation activities to be performed by a state
licensed appraiser.
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AMC Related Provisions
(n) “Appraisal review” means the act or process of developing and communicating an opinion about the
quality of another appraiser's work that was performed as part of an appraisal assignment, except that a
quality control examination of an appraisal shall not be an appraisal review.
Any employee of, or independent contractor to, the appraisal management company that performs a
USPAP Standard 3 appraisal review of an appraisal report on property located in this state shall be an
appraiser with the proper level of licensure in Mississippi. Quality control examinations are exempt from
this requirement, as they are not considered a Standard 3 review.
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Missouri
State Appraiser Licensing & Certification Agency
Real Estate Appraisers Commission
P.O. Box 1335
Jefferson City, MO 65102-1335
Website: http://pr.mo.gov/appraisers.asp
Phone: 573-751-0038
Fax: 573-526-3489
339.503. Definitions
As used in sections 339.500 to 339.549, the following words and phrases mean, unless the context
clearly indicates otherwise:
(1) “Appraisal” or “real estate appraisal”, an objective analysis, evaluation, opinion, or conclusion
relating to the nature, quality, value or utility of specified interests in, or aspects of, identified real
estate. An appraisal may be classified by subject matter into either a valuation or an analysis;
(25) “Real estate appraiser” or “appraiser”, a person who for a fee or valuable consideration develops
and communicates real estate appraisals or otherwise gives an opinion of the value of real estate or any
interest therein;
(26) “Real estate appraising”, the practice of developing and communicating real estate appraisals;
339.501. Licensure or certification of real estate appraisers required, exceptions
1. Beginning July 1, 1999, it shall be unlawful for any person in this state to act as a real estate appraiser,
or to directly or indirectly, engage or assume to engage in the business of real estate appraisal or to
advertise or hold himself or herself out as engaging in or conducting such business without first
obtaining a license or certificate issued by the Missouri real estate appraisers commission as provided
in sections 339.500 to 339.549.
5. The provisions of sections 339.500 to 339.549 shall not be construed to require a license or certificate
for:
(4) Any employee of a federal or state-regulated lending agency or institution;
(5) Any agent of a federal or state-regulated lending agency or institution in a county of third or fourth
classification.
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Montana
State Appraiser Licensing & Certification Agency
Board of Real Estate Appraisers
301 South Park Avenue, 4th Floor
Helena, MT 59620-0513
Website: http://bsd.dli.mt.gov/license/bsd_boards/rea_board/board_page.asp
Phone: 406-841-2381
Fax: 406-841-2323
37-54-102. Definitions
Terms commonly used in appraisal practice and as used in this chapter must be defined according to the
Uniform Standards of Professional Appraisal Practice, as issued by the appraisal foundation. As used in
this chapter, unless the context requires otherwise, the following definitions apply:
(1) “Appraisal” means the practice of developing an opinion of the value of real property in conformance
with the Uniform Standards of Professional Appraisal Practice as developed by the appraisal foundation.
(3) “Appraisal management company” means, in connection with valuation of properties collateralizing
mortgage loans or mortgages incorporated into a securitization, an external third party, authorized
either by a creditor of a consumer credit transaction secured by a consumer's principal dwelling or by an
underwriter of or other principal in the secondary mortgage markets, that oversees a network or panel
of more than 15 certified or licensed appraisers in this state or 25 or more nationally within a given year.
(5) “Appraisal review” means the act or process of developing and communicating an opinion about the
quality of another appraiser's work that was performed as part of an appraisal assignment. The term
does not include a quality control examination.
(6) “Appraiser” means an individual who holds a license or certification to complete an appraisal
assignment in the state where the real property that is the subject of the appraisal assignment is
located.
37-54-506. Appraisal review
An employee or independent contractor of the appraisal management company that performs an
appraisal review for a property located in this state:
(1) must be an appraiser licensed or certified in this state; and
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(2) shall comply with the review provisions of the Uniform Standards of Professional Appraisal
Practice.
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Nebraska
State Appraiser Licensing & Certification Agency
Real Estate Appraiser Board
P.O. Box 94963
Lincoln, NE 68509-4963
Website: http://www.appraiser.ne.gov/
Phone: 402-471-9015
Fax: 402-471-9017
76-2204. Appraisal, defined
Appraisal means an analysis, opinion, or conclusion prepared by a real property appraiser relating to the
value of specified interests in or aspects of identified real estate or identified real property. An appraisal
may be classified by the nature of the assignment into either a valuation assignment or an evaluation
assignment.
76-2205.01. Appraisal practice, defined
Appraisal practice means valuation services performed by an individual acting as an appraiser, including,
but not limited to, appraisal, appraisal review, or appraisal consulting.
76-2206. Appraisal report, defined
Appraisal report means any communication, written, oral, or by electronic means, of an appraisal. The
testimony of a real property appraiser dealing with the appraiser's analyses, conclusions, or opinions
concerning identified real estate or identified real property is deemed to be an oral appraisal report.
76-2215. Real property appraisal activity, defined
Real property appraisal activity means any act or process, performed for a fee or other valuable
consideration, involved in developing an appraisal or preparing an appraisal report, including but not
limited to, a consulting service, an evaluation assignment, or a valuation assignment.
76-2216. Real property appraiser, defined
Real property appraiser means a person (1) who engages in real property appraisal activity, (2) who
advertises or holds himself or herself out to the general public as a real property appraiser, or (3) who
offers, attempts, or agrees to perform or performs real property appraisal activity. Real property
appraiser includes persons defined as real estate appraisers prior to July 14, 2006.
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76-2220. Proper credentialing required
Except as provided in section 76-2221, it shall be unlawful for anyone to act as a real property appraiser
in this state without first obtaining proper credentialing as required under the Real Property Appraiser
Act.
76-2221. Act; exemptions
The Real Property Appraiser Act shall not apply to:
(1) Any real property appraiser who is a salaried employee of (a) the federal government, (b) any agency
of the state government or a political subdivision which appraises real estate, (c) any insurance company
authorized to do business in this state, or (d) any bank, savings bank, savings and loan association,
building and loan association, credit union, or small loan company licensed by the state or supervised or
regulated by or through federal enactments covering financial institutions, except that any employee of
the entities listed in subdivisions (a) through (d) of this subdivision who signs an appraisal report as a
credentialed real property appraiser shall be subject to the act and the Uniform Standards of
Professional Appraisal Practice. Any salaried employee of the entities listed in subdivisions (a) through
(d) of this subdivision who does not sign an appraisal report as a credentialed real property appraiser
shall include the following disclosure prominently with such report: This opinion of value may not meet
the minimum standards contained in the Uniform Standards of Professional Appraisal Practice and is not
governed by the Real Property Appraiser Act;
AMC Related Provisions
76-3210. Performance of Uniform Standards of Professional Appraisal Practice standard 3 appraisal
review
Any employee of or independent contractor to an appraisal management company that performs a
Uniform Standards of Professional Appraisal Practice standard 3 appraisal review shall be an appraiser
with the proper level of licensure in this state. Quality control examinations are exempt from this
requirement as they are not considered a standard 3 review.
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Nevada
State Appraiser Licensing & Certification Agency
Nevada Real Estate Division
1179 Fairview Drive, Suite E
Carson City, NV 89701
Website: http://red.state.nv.us/appraisal/appraisal.htm
Phone: 775 687 4280
Fax: 775-687-4868
645C.030. “Appraisal” defined
“Appraisal” means an analysis, opinion or conclusion, whether written or oral, relating to the nature,
quality, value or use of a specified interest in, or aspect of, identified real estate for or with the
expectation of receiving compensation.
645C.040. “Appraiser” defined
“Appraiser” means a person who prepares or communicates an appraisal, but does not include anyone
who merely relays an appraisal on behalf of the person who prepares it.
645C.260. Certificate, license, permit or registration card required; penalty; prosecution of violation
1. Any person who, in this State, engages in the business of, acts in the capacity of, advertises or
assumes to act as:
(a) An appraiser without first obtaining the appropriate certificate, license or permit pursuant to
this chapter; or
(b) An intern without first obtaining a registration card pursuant to this chapter,
is guilty of a misdemeanor.
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New Hampshire
State Appraiser Licensing & Certification Agency
Joint Board of Licensure and Certification
121 South Fruit Street
Concord, NH 03301
Website: http://www.nh.gov/nhreab/
Phone: 603-271-2219
Fax: 603-271-6990
310-B:2 Definitions.
In this chapter:
I. “Analysis” means a study of real estate or real property other than estimating value.
II. “Appraisal report” or “real estate appraisal report” means a written statement prepared by a licensed
or certified appraiser, whether or not used in connection with a federally-related transaction under the
Financial Institutions Reform, Recovery, and Enforcement Act of 1989, setting forth an opinion of
defined value of an adequately described property as of a specific date, supported by the presentation
and analysis of relevant market information. Nothing in this paragraph shall be interpreted to affect the
right of any person to provide services under RSA 310-B:3, II, III, or IV.
III. “Appraisal assignment” means an engagement for which an appraiser is employed or retained to act,
or would be perceived by third parties or the public as acting, as a disinterested third party in rendering
an unbiased analysis, opinion, or conclusion relating to the nature, quality, value, or utility or specified
interests in, or aspects of, identified real estate.
XVI. “Appraisal” means the practice of developing an opinion of the value of real property in
conformance with the Uniform Standards for Professional Appraisal Practice as developed by the
Appraisal Foundation.
XVIII. “Appraisal review” means the act or process of developing and communicating an opinion about
the quality of another appraiser's work that was performed as part of an appraisal assignment, except
that a quality control examination of an appraisal report shall not be an appraisal review.
XIX. “Appraiser” means an individual who holds a license or certification as an appraiser and is expected
to perform valuation services competently and in a manner that is independent, impartial, and
objective.
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310-B:3-a Penalty for Unlicensed Practice.
Any person who shall practice or attempt to practice as a licensed or certified real estate appraiser in
this state without a license shall be guilty of a class A misdemeanor if a natural person, or guilty of a
felony if any other person.
AMC Related Provisions
310-B:12-i Appraisal Management Company; Appraisal Review.
Any employee of, or independent contractor to, an appraisal management company that performs a
USPAP Standard 3 review of an appraisal report on property located in this state shall be an appraiser
with the proper level of licensure issued by the board. Quality control examinations are exempt from
this requirement as they are not considered a Standard 3 review.
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New Jersey
State Appraiser Licensing & Certification Agency
Board of Real Estate Appraisers
P.O. Box 45032
Newark, NJ 07102
Website: http://www.state.nj.us/lps/ca/nonmedical/reappraisers.htm
Phone: 973-504-6480
Fax: 973-504-6858
45:14F-2. Definitions
As used in this act:
“Appraisal” or “real estate appraisal” means an unbiased analysis, opinion or conclusion relating to the
nature, quality, value or utility of specified interests in, or aspects of, real estate. An appraisal may be
classified by subject matter into either a valuation or an analysis. A “valuation” means an estimate of the
value of real estate or real property and an “analysis” means a study of real estate or real property other
than a valuation.
“Appraisal assignment” means an engagement for which an appraiser is employed or retained to act, or
would be perceived by third parties or the public as acting, as a disinterested third party in rendering an
unbiased appraisal.
45:14F-21. Use of terms “certified appraisal” and “licensed appraisal”
a. A person who is not certified pursuant to the provisions of this act shall not describe or refer to any
appraisal or other evaluation which he performs on real estate located in this State as “a certified
appraisal.”
b. A person who is not licensed pursuant to the provisions of this act shall not describe or refer to any
appraisal or other evaluation which he performs on real estate located in this State as “a licensed
appraisal.”
c. Except as otherwise provided in subsection f. of this section, no person other than a State licensed
real estate appraiser, a State certified real estate appraiser or a person who assists in the preparation of
an appraisal under the direct supervision of a State licensed or certified appraiser shall perform or offer
to perform an appraisal assignment in regard to real estate located in this State including, but not
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limited to, any transaction involving a third party, person, government or quasi-governmental body,
court, quasi-judicial body or financial institution.
Nothing in P.L.1991, c. 68 (C.45:14F-1 et seq.) shall be construed to preclude a person not licensed or
certified pursuant to this act from giving or offering to give, for a fee or otherwise, counsel and advice
on pricing, listing, selling and use of real property, directly to a property owner or prospective purchaser
if the intended use of the counsel or advice is solely for the individual knowledge of or use by the
property owner or prospective purchaser.
d. Nothing in this act shall be construed to preclude a person not certified or licensed pursuant to this
act from assisting in the preparation of an appraisal to the extent permitted under subsection (d) of
section 1122 of Title XI of Pub. L.101-73 (12 U.S.C. s. 3351(d)).
e. (Deleted by L.1997, c. 401, § 2, eff. July 18, 1998).
f. A State or federally chartered bank, savings bank or savings and loan association may obtain and use
appraisals made by a person who is not certified or licensed pursuant to the provisions of P.L.1991, c.
68 (C.45:14F-1 et seq.) in any circumstance where the underlying transaction is a federally related
transaction for which federal law and regulation do not require that a certified or licensed appraiser be
used. For the purposes of this subsection, “federal law” means Title XI of Pub. L.101-73 (12 U.S.C. s.
3331 et seq.); and “federally related transaction” has the meaning as set forth in section 1121 of Title XI
of Pub. L.101-73 (12 U.S.C. s. 3350).
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New Mexico
State Appraiser Licensing & Certification Agency
Real Estate Appraisers Board
2550 Cerrillos Road
Santa Fe, NM 87505
Website: http://www.rld.state.nm.us/boards/Real_Estate_Appraisers.aspx
Phone: 505-476-4860
Fax: 505-476-4665
§ 61-30-3. Definitions
As used in the Real Estate Appraisers Act:
A. “appraisal” or “real estate appraisal” means an analysis, opinion or conclusion prepared by a real
estate appraiser relating to the nature, quality, value or utility of specified interests in or aspects of
identified real estate or real property, for or in expectation of compensation, and shall include the
following:
(1) a valuation, analysis, opinion or conclusion prepared by a real estate appraiser that estimates
the value of identified real estate or real property; and
(2) an analysis or study of real estate or real property other than estimating value;
B. “appraisal assignment” means an engagement for which an appraiser is employed or retained to act
or would be perceived by third parties or the public as acting as a disinterested third party in rendering
an unbiased appraisal;
D. “appraisal report” means any communication, written or oral, of an appraisal regardless of title or
designation and all other reports communicating an appraisal;
F. “certified appraisal” or “certified appraisal report” means an appraisal or appraisal report given or
signed and certified as such by a state certified real estate appraiser and shall include an indication of
which type of certification is held and shall be deemed to represent to the public that it meets the
appraisal standards defined in the Real Estate Appraisers Act;
J. “real estate appraiser” means any person who engages in real estate appraisal activity in expectation
of compensation;
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M. “specialized services” means those services that do not fall within the definition of an appraisal
assignment and may include specialized financing or market analyses and feasibility studies that may
incorporate estimates of value or analyses, opinions or conclusions given in connection with activities
such as real estate brokerage, mortgage banking, real estate counseling and real estate tax counseling,
provided that the person rendering such services would not be perceived by third parties or the public
as acting as a disinterested third party in rendering an unbiased appraisal or real estate appraisal,
regardless of the intention of the client and that person;
§ 61-30-10. Registration, license or certification required; exceptions
A. It is unlawful for any person in this state to engage or attempt to engage in the business of developing
or communicating real estate appraisals or appraisal reports without first registering as an apprentice or
obtaining a license or certificate from the board under the provisions of the Real Estate Appraisers Act.
B. No person, unless certified by the board as a state certified real estate appraiser under a general
certification or residential certification, shall:
(1) assume or use any title, designation or abbreviation likely to create the impression of a state
certified real estate appraiser;
(2) use the term “state certified” to describe or refer to any appraisal or evaluation of real estate
prepared by the person;
(3) assume or use any title, designation or abbreviation likely to create the impression of
certification as a state certified real estate appraiser firm, partnership, corporation or group; or
(4) assume or use any title, designation or abbreviation likely to create the impression of
certification under a general certificate or describe or refer to any appraisal or evaluation of
nonresidential real estate by the term “state certified” if the preparer's certification is limited to
residential real estate.
…
I. The process of analyzing, without altering, an appraisal report that is part of a request for mortgage
credit is considered a specialized service as defined in Subsection M of Section 61-30-3 NMSA 1978 and
is exempt from the requirements of registration, licensing or certification.
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New York
State Appraiser Licensing & Certification Agency
Division of Licensing Services
PO Box 22001
Albany, NY 12201-2001
Website: http://www.dos.state.ny.us/lcns/realestate/
Phone: 518-474-4429
Fax: 518-473-6648
§ 160-a. Definitions
As used in this article the following terms shall mean:
1. “Analysis” is a study of real estate or real property other than estimating value.
2. “Appraisal” or “real estate appraisal” means an analysis, opinion or conclusion relating to the nature,
quality, value or utility of specified interests in, or aspects of, identified real estate. An appraisal may be
classified by subject matter into either a valuation or an analysis.
3. “Appraisal report” means any written communication of an appraisal.
5. (a) “Certified appraisal” or “certified appraisal report” means an appraisal or appraisal report given or
signed and certified as such by a certified real estate appraiser. When identifying an appraisal or
appraisal report as “certified”, the state certified real estate appraiser must indicate which type of
certification is held. A certified appraisal or appraisal report represents to the public that it meets the
appraisal standards defined in this article.
(b) “Licensed appraisal” or “licensed appraisal report” means an appraisal or appraisal report given or
signed and authenticated as such by a licensed real estate appraiser. A licensing appraisal or appraisal
report represents to the public that it meets the appraisal standards as prescribed by the board.
6. (a) “State certified real estate appraiser” means a person who develops and communicates real estate
appraisal and who holds a current, valid certificate issued to him or her for either general or residential
real estate under the provisions of this article.
(b) “State licensed real estate appraiser” means a person who develops and communicates real property
appraisals and who holds a current valid license issued to him or her for residential real property under
the provisions of this article.
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(c) “State licensed real estate appraiser assistant” means a person who assists and is supervised by a
state certified real estate appraiser and who holds a current valid license issued to him or her under the
provisions of this article.
8. “Real estate” means an identified parcel or tract of land, including improvements, if any.
9. “Real property” means one or more defined interests, benefits and rights inherent in the ownership
of real estate.
10. “Valuation” is an estimate of the value of real estate or real property.
§ 160-b. Use of the title “state certified real estate appraiser” or “state licensed real estate appraiser”
or “state licensed real estate appraiser assistant”
1. Only a person certified under this article shall use the title “state certified real estate appraiser” or
licensed under this article shall use the title “state licensed real estate appraiser” or “state licensed real
estate appraiser assistant” or assume that title or any title, designation or abbreviation likely to create
the impression of certification or license by this state as a real estate appraiser or real estate appraiser
assistant. After December thirty-first, nineteen hundred ninety-one, only a person who is certified or
licensed pursuant to this article shall describe or refer to any appraisal or other evaluation of real estate
located in this state by the term “certified” or “licensed”.
2. Nothing in this article shall preclude a person who is not a state certified or licensed real estate
appraiser or a licensed real estate appraiser assistant from appraising real estate for compensation.
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North Carolina
State Appraiser Licensing & Certification Agency
North Carolina Appraisal Board
5830 Six Forks Road
Raleigh, NC 27609
Website: http://www.ncappraisalboard.org/
Phone: 919-870-4854
Fax: 919-870-4859
§ 93E-1-2.1. Registration, license, or certificate required of real estate appraisers
It is unlawful for any person in this State to act as a real estate appraiser, to directly or indirectly engage
or assume to engage in the business of real estate appraisal, or to advertise or hold himself or herself
out as engaging in or conducting the business of real estate appraisal without first obtaining a
registration, license, or certificate issued by the Appraisal Board under the provisions of this Chapter. It
is also unlawful, with regard to any real property where any portion of that property is located within
this State, for any person to perform any of the acts listed above without first being registered, licensed,
or certified by the Appraisal Board under the provisions of this Chapter.
§ 93E-1-3. When registration, license, or certificate not required
(f) A trainee registration, license, or certificate is not required under this Chapter for:
(1) Any person, partnership, association, or corporation that performs appraisals of property
owned by that person, partnership, association, or corporation for the sole use of that person,
partnership, association, or corporation;
(2) Any court-appointed commissioner who conducts an appraisal pursuant to a judicially ordered
evaluation of property;
(3) Any person to qualify as an expert witness for court or administrative agency testimony, if
otherwise qualified;
(4) A person who appraises standing timber so long as the appraisal does not include a
determination of value of any land;
(5) Any person employed by a lender in the performance of appraisals with respect to which
federal regulations do not require a licensed or certified appraiser; and
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(6) A person who performs ad valorem tax appraisals and is certified by the Department of
Revenue under G.S. 105-294 orG.S. 105-296; however, any person who is registered, licensed, or
certified under this Chapter and who performs any of the activities set forth in subdivisions (1)
through (5) of this subsection must comply with all of the provisions of this Chapter. The
provisions of this Chapter shall not apply to certified real estate appraisers who perform a
broker price opinion or comparative market analysis pursuant to G.S. 93E-1-3(c), as long as the
appraiser is licensed as a real estate broker by the North Carolina Real Estate Commission and
does not refer to himself or herself as an appraiser in the broker price opinion or comparative
market analysis.
§ 93E-2-2. Definitions
(3) Appraisal review.--The act or process of developing and communicating an opinion about the quality
of another appraiser's work that was performed as part of an appraisal assignment, except that an
examination of an appraisal for grammatical, typographical, or other similar errors shall not be an
appraisal review.
Provisions Applicable to AMCs
21 NCAC 57D.0306
An appraisal management company shall review the work of all independent appraisers that are
performing real estate appraisal services for the appraisal management company to validate that the
real estate appraisal services are being conducted in accordance with USPAP. An appraisal management
company is not required to review all appraisals performed by each appraiser, but may chose a
representative sample of each appraiser's reports. An appraisal management company
must review each appraiser's work at least once a year, and shall keep records of such reviews for a
period of five years from the date they are done.
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North Dakota
State Appraiser Licensing & Certification Agency
Real Estate Appraiser Qualifications & Ethics Board
P.O. Box 1336
Bismarck, ND 58502-1336
Website: http://www.ndreab.org
Phone: 701-222-1051
Fax: 701-222-1051
§ 43-23.3-01. Definitions
As used in this chapter, unless the context otherwise requires:
1. “Analysis” means a study of real estate other than estimating value.
2. “Appraisal” means an analysis, opinion, or conclusion relating to the nature, quality, value, or utility of
specified interests in, or aspects of, real estate. An appraisal may be classified by subject matter into
either a valuation or an analysis.
3. “Appraisal assignment” means an engagement for which a person is employed or retained to act, or
would be perceived by the public as acting, as a disinterested party in rendering an unbiased
supportable appraisal.
7. “Appraiser” means a person who engages in appraisal activity for valuable consideration.
10. “Certified appraiser” means a person who holds a valid permit as a certified residential or general
appraiser.
11. “Certified general appraiser” means a person who holds a valid permit as a certified general
appraiser.
12. “Certified residential appraiser” means a person who holds a valid permit as a certified
residential appraiser.
13. “Licensed appraiser” means a person who holds a valid permit as a licensed appraiser.
15. “Real estate” means an identified parcel or tract of land including improvements, and interests,
benefits, and rights inherent in the ownership of real estate.
17. “Valuation” means an estimate of the value of real estate or real property.
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§ 43-23.3-04. Permit required--Exemptions
Except as provided in this section, a person may not directly or indirectly engage in, advertise, conduct
the business of, or act in any capacity as an apprentice, licensed, or certified appraiser without first
obtaining a permit as provided in this chapter. An appraiser, apprenticed, licensed, or certified in
another state may not engage in, advertise, conduct the business of, or act in any capacity as an
appraiser in this state without first obtaining a temporary permit under section 43-23.3-11. This chapter
does not apply to a licensed real estate broker or salesperson who, in the ordinary course of business,
gives an opinion to a potential seller or third party as to the recommended listing price of real estate or
an opinion to a potential purchaser or third party as to the recommended purchase price of real estate.
However, the opinion as to the listing price or the purchase price may not be referred to as an appraisal.
This chapter does not apply to a person who, in the ordinary course of business, gives an opinion of the
value of real estate to that person's employer.
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Ohio
State Appraiser Licensing & Certification Agency
Division of Real Estate & Professional Licensing
77 S. High Street, 20th Floor
Columbus, OH 43215-6133
Website: http://www.com.ohio.gov/real/
Phone: 614-466-4100
Fax: 614-644-0584
4763.01 Definitions
As used in this chapter:
(A) “Real estate appraisal” or “appraisal” means an analysis, opinion, or conclusion relating to the
nature, quality, value, or utility of specified interests in, or aspects of identified real estate that is
classified as either a valuation or an analysis.
(B) “Valuation” means an estimate of the value of real estate.
(C) “Analysis” means a study of real estate for purposes other than valuation.
(D) “Appraisal report” means a written communication of a real estate appraisal, appraisal review, or
appraisal consulting service or an oral communication of a real estate appraisal, appraisal review, or
appraisal consulting service that is documented by a writing that supports the oral communication.
(E) “Appraisal assignment” means an engagement for which a person licensed or certified under this
chapter is employed, retained, or engaged to act, or would be perceived by third parties or the public as
acting, as a disinterested third party in rendering an unbiased real estate appraisal.
(F) “Specialized services” means all appraisal services, other than appraisal assignments, including, but
not limited to, valuation and analysis given in connection with activities such as real estate brokerage,
mortgage banking, real estate counseling, and real estate tax counseling, and specialized marketing,
financing, and feasibility studies.
(G) “Real estate” has the same meaning as in section 4735.01 of the Revised Code.
(I) “Prepare” means to develop and communicate, whether through a personal physical inspection or
through the act or process of critically studying a report prepared by another who made the physical
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inspection, an appraisal, analysis, or opinion, or specialized service and to report the results. If the
person who develops and communicates the appraisal or specialized service does not make the personal
inspection, the name of the person who does make the personal inspection shall be identified on the
appraisal or specialized service reported.
(J) “Report” means any communication, written, oral, or by any other means of transmission of
information, of a real estate appraisal, appraisal review, appraisal consulting service, or specialized
service that is transmitted to a client or employer upon completion of the appraisal or service.
(K) “State-certified general real estate appraiser” means any person who satisfies the certification
requirements of this chapter relating to the appraisal of all types of real property and who holds a
current and valid certificate or renewal certificate issued to the person pursuant to this chapter.
(L) “State-certified residential real estate appraiser” means any person who satisfies the certification
requirements only relating to the appraisal of one to four units of single-family residential real estate
without regard to transaction value or complexity and who holds a current and valid certificate or
renewal certificate issued to the person pursuant to this chapter.
(M) “State-licensed residential real estate appraiser” means any person who satisfies the licensure
requirements of this chapter relating to the appraisal of noncomplex one-to-four unit single-family
residential real estate having a transaction value of less than one million dollars and complex one-to-
four unit single-family residential real estate having a transaction value of less than two hundred fifty
thousand dollars and who holds a current and valid license or renewal license issued to the person
pursuant to this chapter.
(N) “Certified or licensed real estate appraisal” means an appraisal prepared and reported by a
certificate holder or licensee under this chapter acting within the scope of certification or licensure and
as a disinterested third party.
(S) “Appraisal review” means the act or process of developing and communicating an opinion about the
quality of another appraiser's work that was performed as part of an appraisal, appraisal review, or
appraisal consulting assignment.
(T) “Appraisal consulting” means the act or process of developing an analysis, recommendation, or
opinion to solve a problem related to real estate.
4763.19 Appraisal for mortgage loan by unlicensed person prohibited.
(A) Subject to division (B) of this section, no person shall perform a real estate appraisal for a mortgage
loan if the person is not licensed or certified under this chapter to do the appraisal.
(B) Division (A) of this section does not apply to a lender using a market analysis or price opinion, an
internal valuation analysis, or an automated valuation model or report based on an automated valuation
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model, and any person providing that report to the lender, in performing a valuation for purposes of a
loan application, as long as the lender does both of the following:
(1) Gives the consumer loan applicant a copy of any written market analysis or price opinion or valuation
report based on an automated valuation model;
(2) Includes a disclaimer on the consumer’s copy specifying that the valuation used for purposes of the
application was obtained from a market analysis or price opinion or automated valuation model report
and not from a person licensed or certified under this chapter.”
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Oklahoma
State Appraiser Licensing & Certification Agency
Real Estate Appraiser Board
3625 NW 56th Street, Suite 100
Oklahoma City, OK 73112
Website: http://www.reab.oid.ok.gov/
Phone: 405-521-6636
Fax: 405-522-6909
§ 858-703. Definitions
As used in the Oklahoma Certified Real Estate Appraisers Act:
1. “Appraisal” or “real estate appraisal” means an analysis, opinion or conclusion relating to the nature,
quality, value or utility of specified interests in, or aspects of, identified real estate other than oil, gas,
coal, water, and all other energy and nonfuel mineral and elements or the value of underground space
to be used for storage of commodities or for the disposal of waste unless they are appraised as part of a
federally related transaction covered by the Financial Institutions Reform, Recovery, and Enforcement
Act of 1989.1 An appraisal may be classified by subject matter into either a valuation or an analysis. A
“valuation” is an estimate of the value of real estate or real property. An “analysis” is a study of real
estate or real property other than estimating value;
13. “Appraisal assignment” means an engagement for which an appraiser is employed or retained to act,
or would be perceived by third parties or the public as acting, as a disinterested third party in rendering
an unbiased analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified
interests in, or aspects of, identified real estate; and
14. “Specialized services” means those appraisal services which do not fall within the definition of
appraisal assignment. The term “specialized services” may include valuation work and analysis work.
Regardless of the intention of the client or employer, if the appraiser would be perceived by third
parties or the public as acting as a disinterested third party in rendering an unbiased analysis, opinion or
conclusion, the work is classified as an appraisal assignment and not “specialized services”.
§ 858-704. Use of term “state certified”--Injunctive proceedings
A. No person, other than a trainee, state licensed, state certified residential or state certified general
real estate appraiser, shall assume or use that title or any title, designation, or abbreviation likely to
create the impression of certification as a real estate appraiser by this state. A person who is not
certified pursuant to the provisions of the Oklahoma Certified Real Estate Appraisers Act shall not
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describe or refer to any appraisal or other evaluation of real estate located in this state by using the
term “state certified”.
§ 858-727. Employment of certified real estate appraiser--Compliance with Act
A client or employer may retain or employ an Oklahoma certified real estate appraiser to act as a
disinterested third party in rendering an unbiased estimate of value or analysis. A client or employer
may also retain or employ an Oklahoma certified real estate appraiser to provide specialized services to
facilitate the client's or employer's objectives. In either case, the appraisal and the appraisal report must
comply with the provisions of this act.
AMC Related Provisions
§ 858-803. Definitions
As used in the Oklahoma Appraisal Management Company Regulation Act:
6. “Appraisal review” means the act or process of developing and communicating an opinion about the
quality of another appraiser's work that was performed as part of an appraisal assignment related to the
appraiser's data collection, analysis, opinions, conclusions, estimate of value, or compliance with the
Uniform Standards of Professional Appraisal Practice. This term does not include:
a. a general examination for grammatical, typographical or other similar errors, or
b. a general examination for completeness including regulatory and/or client requirements as
specified in the agreement process that does not communicate an opinion;
§ 858-816. Annual certification of system to validate an appraisers performance
Each AMC seeking to be registered or to renew a registration in this state shall certify to the Oklahoma
Real Estate Appraiser Board on a form prescribed by the Board on an annual basis that it has a system in
place to perform an appraisal review of the work product of a statistically significant number of
appraisal reports submitted by each appraiser who is performing appraisals for the AMC on a periodic
basis to validate that the appraisals are being conducted in accordance with the USPAP and the
Oklahoma Certified Real Estate Appraisers Act and the rules promulgated thereunder. An AMC shall
report to the Board the results of any appraisal reviews in which an appraisal is found to be substantially
noncompliant with USPAP.
§ 858-813. Credentials of employees or contractors of an AMC
Any employee of, or independent contractor to, the AMC that performs an appraisal review for a
property located in Oklahoma shall be an appraiser credentialed in good standing in the State of
Oklahoma.
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Oregon
State Appraiser Licensing & Certification Agency
Appraiser Certification and Licensure Board
3000 Market Street, NE Suite 541
Salem, OR 97303
Website: http://www.oregonaclb.org/
Phone: 503-485-2555
Fax: 503-485-2559
674.100. Persons required to be certified or licensed; exclusions; violations
(1)(a) A person may not engage in, carry on, advertise or purport to engage in or carry on real estate
appraisal activity within this state without first obtaining certification, licensure or registration as
provided for in ORS 674.310.
(b) Real estate appraisal activity is the preparation, completion and issuance of an opinion as to the
value on a given date or at a given time of real property or an interest in real property, whether the
activity is performed in connection with a federally related transaction or is not performed in connection
with a federally related transaction. Notwithstanding any other provision of law, a state certified
appraiser or a state licensed appraiser:
(A) Is not required to be licensed under ORS 696.022 to perform real estate appraisal activity or any
other activity that constitutes the giving of an opinion as to the value of real property or an interest in
real property; and
(B) Is not subject to regulation under ORS 696.010 to 696.495 and 696.600 to 696.995 in connection
with the performance of real estate appraisal activity or the performance of any other activity that
constitutes the giving of an opinion as to the value of real estate or an interest in real estate.
(2) Real estate appraisal activity excludes activity that is not performed in connection with a federally
related transaction and that:
(a) Is performed by a nonlicensed regular full-time employee of a single owner of real estate, if the
activity involves the real estate of the employer and is incidental to the employee's normal, nonreal
estate activities;
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(b) Is performed by a nonlicensed regular full-time employee whose activity involves the real estate of
the employer, when the activity is the employee's principal activity, but the employer's principal activity
or business is not the appraisal of real estate;
(c) Is performed by an attorney at law rendering services in the performance of duties as an attorney at
law;
(d) Is performed by a registered geologist, registered professional engineer or architect rendering
services as a registered geologist, registered professional engineer or architect;
(e) Is performed by a certified public accountant rendering services as a certified public accountant;
(f) Is performed by a mortgage banker rendering services as a mortgage banker;
(g) Constitutes a letter opinion or a competitive market analysis as those terms are defined in ORS
696.010 that, by administrative or judicial order or subpoena, is compelled from an individual licensed
to engage in professional real estate activity under ORS 696.022;
(h) Is performed by a salaried employee of the federal government, the State of Oregon or a political
subdivision of the federal government or the State of Oregon while engaged in the performance of the
duties of the employee;
(i) Is limited to analyzing or advising of permissible land use alternatives, environmental impact, building
and use permit procedures or demographic market studies, if the performance of the activities does not
involve the rendering of an opinion as to the value of the real estate in question;
(j) Is performed by a professional forester appraising or valuing timber, timberland or both as part of
services performed as a private consultant in forest management, but only if, in the case of timberland,
the appraisal or valuation is limited to the use of the land as forestland;
(k) Is limited to giving an opinion in an administrative or judicial proceeding regarding the value of real
estate for taxation;
(L) Is limited to giving an opinion regarding the value of real estate by a person who is not licensed under
ORS chapter 696, if the person's business is not the appraisal, selling or listing of real estate and the
activity is performed without compensation. This paragraph does not apply to a person conducting
transactional negotiations on behalf of another person for transfer of an interest in real property;
(m) Is limited to transferring or acquiring an interest in real estate by a person who is not licensed under
ORS chapter 696; or
(n) Is performed by a home inspector acting within the scope of a certificate or license issued under ORS
chapter 701.
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(3)(a) Real estate appraisal activity does not include an analysis, evaluation, opinion, conclusion,
notation or compilation of data prepared by a financial institution or affiliate, a consumer finance
company licensed under ORS chapter 725 or an insurance company or affiliate, made for internal use
only by the financial institution or affiliate, consumer finance company or the insurance company or
affiliate, concerning an interest in real estate for ownership or collateral purposes by the financial
institution or affiliate, the consumer finance company licensed under ORS chapter 725 or the insurance
company or affiliate. Nothing in this subsection shall be construed to excuse a financial institution or
affiliate from complying with the provisions of Title XI of the federal Financial Institutions Reform,
Recovery and Enforcement Act of 1989 (12 U.S.C. 3310 et seq.).
(b) As used in this subsection, “evaluation” means a study of the nature, quality or utility of a parcel of
real estate or interests in, or aspects of, real property in which a value estimate is not necessarily
required.
AMC Related Provisions
674.200. Definitions
As used in ORS 674.200 to 674.250:
(1) “Appraisal” means the process of developing an opinion of the value of real property in conformance
with commonly accepted standards for appraisers.
(4)(a) “Appraisal review” means the act or process of developing and communicating an opinion about
the quality of the substantive aspects of another appraiser's work that was performed as part of an
appraisal assignment.
(b) An “appraisal review” is not a quality control examination.
(10)(a) “Quality control examination” means an examination of an appraisal report for compliance and
completeness in relation to client specifications, including examination for grammatical or typographical
errors.
(b) A “quality control examination” is not an appraisal review.
674.220. Prohibited activities of appraisal management companies
(1) An appraisal management company or an employee, controlling person or agent of an appraisal
management company may not:
(h) Allow a person to perform an appraisal review relating to a property located in this state if the
person is not an appraiser with the licensure required to perform the appraisal review;
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Pennsylvania
State Appraiser Licensing & Certification Agency
Board of Certified Real Estate Appraisers
2601 N. Third Street
Harrisburg, PA 17110
Website: http://www.dos.state.pa.us/bpoa/cwp/view.asp?a=1104&q=432589
Phone: 717-783-4866
Fax: 717-705-5540
§ 457.2. Definitions
The following words and phrases when used in this act shall have the meanings given to them in this
section unless the context clearly indicates otherwise:
“Appraisal.” A written analysis, opinion or conclusion relating to the nature, quality, value or utility of
specified interests in, or aspects of, identified real property, for or in expectation of compensation.
§ 457.3. Real estate appraiser certification required
It shall be unlawful for any person to do any of the following:
(1) To hold himself out as a State-certified real estate appraiser or to perform appraisals required by the
Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (Public Law 101-73, 103 Stat.
183)to be performed by a State-certified or State-licensed real estate appraiser unless that person holds
an appropriate, current and valid certificate from the board to perform real estate appraisals.
(2) To perform real estate appraisals in nonfederally related transactions unless that person holds an
appropriate, current and valid certificate from the board to perform real estate appraisals.
(3) To hold himself out as a real estate appraiser or appraiser trainee without an appropriate, current
and valid certificate or license from the board.
AMC Related Provisions
§ 457.22. Definitions
The following words and phrases when used in this act shall have the meanings given to them in this
section unless the context clearly indicates otherwise:
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“Appraisal review.” An appraisal review as defined by the Uniform Standards of Professional Appraisal
Practice issued by the Appraisal Standards Board.
§ 457.27. Responsibilities and duties of appraisal management companies
(a) Conduct of reviews.--All appraisal reviews in this Commonwealth must be conducted for an appraisal
management company by:
(1) a certified appraiser in good standing in this Commonwealth; or
(2) a certified or licensed appraiser in good standing in another state.
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Rhode Island
State Appraiser Licensing & Certification Agency
Real Estate Appraisers Board
1511 Pontiac Avenue, Building 69-1
Cranston, RI 02920
Website: http://www.dbr.state.ri.us/divisions/commlicensing/realestate.php
Phone: 401-462-9506
Fax: 401-462-9645
§ 5-20.7-2. Definitions
When used in this chapter, unless the context indicates otherwise:
(1) “Appraisal” or “real estate appraisal” means an analysis, opinion, or conclusion relating to the
nature, quality, value or utility of specified interests in, or aspects of, identified real estate. An appraisal
may be classified by subject matter into either a valuation or an analysis. A “valuation” is an estimate of
the value of real estate or real property. An “analysis” is a study of real estate or real property other
than estimating value.
§ 5-20.7-3. Certification required
(a) No person, other than persons certified in accordance with the provisions of this chapter, shall
assume or use that title or any title, designation or abbreviation likely to create the impression of
certification as a real estate appraiser by this state. A person who is not certified pursuant to this
chapter shall not describe or refer to any appraisal or other valuation of real estate located in the state
by the term “certified”.
(b) This chapter precludes any person who is not certified as a state certified real estate appraiser from
appraising real property for compensation under chapter 20.5 of this title; provided, however, that this
chapter does not preclude any person who holds a license pursuant to chapter 20.5 of this title and, in
the ordinary course of business, from giving a written or oral opinion of value of real estate for the
purposes of a prospective listing, purchase, sale, or business valuation; provided, however, that such
opinion of value shall not be referred to as an appraisal.
(c) Nothing in this chapter shall preclude a trainee directly supervised by a certified appraiser from
assisting in or preparing a certified appraisal and signing such appraisal provided the appraisal is
approved and signed by a certified appraiser as appropriate.
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(d) Any appraisal conducted by an institution licensed in this state to accept deposits in connection with
a loan transaction, other than those conducted by:
(1) Federally or NCUA insured banks, savings banks, or credit unions; or
(2) Persons regulated or licensed under title 19 or any transactions, municipal or state, regardless of
monetary value, shall require an appraisal by a licensed or certified appraiser.
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South Carolina
State Appraiser Licensing & Certification Agency
Real Estate Appraisers Board
P.O. Box 11847
Columbia, SC 29211-1847
Website: http://www.llr.state.sc.us/POL/REAB/
Phone: 803-896-4400
Fax: 803-896-4404
§ 40-60-20. Definitions.
In addition to the definitions provided in Section 40-1-20, as used in this chapter unless the context
requires otherwise:
(2) “Appraisal” as a noun means the act or process of developing an opinion of value for or in
expectation of compensation, fee, or other consideration; as an adjective, “appraisal” means of or
pertaining to appraising and related functions including, but not limited to, appraisal practice and
appraisal services.
(3) “Appraisal assignment” or “valuation assignment” means an engagement for which an appraiser is
employed or retained to act, or would be perceived by third parties or the public as acting, as a
disinterested third party in rendering an unbiased analysis, opinion, or conclusion that estimates the
value of real estate.
(20) “Real estate appraisal activity” means the act or process of valuing real estate or real property and
preparing an appraisal report.
§ 40-60-30. License requirement; exceptions
It is unlawful for an individual to assume or use a title, designation, or abbreviation likely to create the
impression that the person is a real estate appraiser or to engage in appraisal activity or advertise as an
appraiser without a valid license issued by the department. However, nothing in this chapter may be
construed to apply to:
(1) a real estate licensee licensed in accordance with Chapter 57 of Title 40 who performs a market
analysis or gives an opinion as to the price of real estate on the condition that the market analysis or
opinion is not referred to as an appraisal. Before performing a market analysis, the real estate licensee
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must disclose to the requesting party: “This market analysis may not be used for the purposes of
obtaining financing in a federally-related transaction”;
(2) a forester registered pursuant to Chapter 27 of Title 48 who appraises or evaluates standing or
growing timber or timberland located in this State and issues an appraisal or evaluation on the timber or
timberland; however, when an appraisal or evaluation is to be used in a federally-related transaction,
the registered forester must be licensed or certified under this chapter if required by federal law.
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South Dakota
State Appraiser Licensing & Certification Agency
Appraiser Certification Program
308 South Pierre Street
Pierre, SD 57501-3137
Website: http://dlr.sd.gov/reg/appraisers/appraiser.html
Phone: 605-773-4608
Fax: 605-773-5405
36-21B-1. Appraisers to be certified, licensed, or registered--Injunction for violation
Any person who performs a real estate appraisal or advertises or holds himself or herself out to the
general public as a real estate appraiser in this state shall be certified, licensed, or registered by the
Department of Labor and Regulation unless exempt under another provision of this chapter or another
provision of statute. Any person who violates this section may be restrained by permanent injunction in
any court of competent jurisdiction, at the suit of the attorney general or any citizen of the state.
36-21B-2. Appraisal defined
For the purposes of this chapter, an appraisal is the act or process of developing an opinion of value of
real estate for another and for compensation.
20:77:01:02. Appraisal review.
“Appraisal review,” is an act or process of developing and communicating an opinion about the quality
of another appraiser's work that was performed as part of an appraisal assignment related to the
appraiser's data collection, analysis, opinions, conclusions, estimate of value, or compliance with the
Uniform Standards of Professional Appraisal Practice. The term does not include a general examination
for grammatical, typographical or other similar errors, or a general examination for completeness
including regulatory, or client requirements or both as specified in the agreement process that does not
communicate an opinion.
20:77:05:01. Responsibilities and duties.
An appraisal management company registered under the provisions of this article shall:
(4) Have a system in place to verify that any employee of, or independent contractor to, the appraisal
management company that is utilized to perform an appraisal review, of the work of utilized appraisers
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who perform an appraisal assignment for a property located in South Dakota, be licensed or certified
and in good standing by this state;
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Tennessee
State Appraiser Licensing & Certification Agency
Real Estate Appraiser Commission
500 James Robertson Parkway, Suite 620
Nashville, TN 37243-1166
Website: http://www.state.tn.us/commerce/boards/treac/index.shtml
Phone: 615-741-1831
Fax: 615-253-1692
§ 62-39-102. Definitions
As used in this chapter, unless the context otherwise requires:
(1) “Analysis assignment” means an analysis, opinion or conclusion prepared by a real estate appraiser
that relates to the nature, quality or utility of identified real estate or identified real property;
(2) “Appraisal” means the act or process of developing an opinion of value of identified real estate. That
opinion of value may be numerically expressed either as a specific amount, as a range of numbers or as
a relationship to a previous value opinion or other numerical benchmark;
(3) “Appraisal assignment” means an engagement for which an appraiser is employed or retained to act,
or would be perceived by third parties or the public as acting, as a disinterested third party in rendering
an unbiased analysis, opinion or conclusion relating to the nature, quality, value or utility of specified
interests in, or aspects of, identified real estate;
(5) “Appraisal report” means any communication, written or oral, of an opinion of value of identified
real estate. For the purposes of this chapter, an appraiser who testifies as to the value of an identified
real property is deemed to have provided an oral appraisal report;
(9) “Real estate appraisal activity” means the act or process of making an appraisal of real estate or real
property and preparing an appraisal report;
(10) “Real estate appraiser” means a person who engages in real estate appraisal activity for a fee or
other valuable consideration;
(11) “Real property” means one (1) or more defined interests, benefits and rights inherent in the
ownership of real estate;
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(12) “Review assignment” means an analysis, opinion or conclusion prepared by a real estate appraiser
that forms an opinion as to the adequacy and appropriateness of a valuation appraisal or an analysis
assignment;
§ 62-39-103. Licenses or certificate; necessity; exemptions
(a) Except as provided in §62-39-104, it is unlawful for anyone to solicit an appraisal assignment or to
prepare an appraisal or an appraisal report relating to real estate or real property in this state without
first obtaining a real estate appraiser's license or certificate.
(b) This section shall not be construed to apply to individuals who render professional assistance in
arriving at a real estate analysis, opinion or conclusion.
(c) Nothing in this chapter shall be construed to prohibit any person who is licensed to practice in this
state under any other law from engaging in the practice for which the person is licensed.
AMC Related Provisions
§ 62-39-402. Definitions
As used in this part, unless the context otherwise requires:
(4) “Appraisal review” means the act or process of developing and communicating an opinion about the
quality of another appraiser's work that was performed as part of an appraisal assignment, except that
an examination of an appraisal for grammatical, typographical, or other similar errors shall not be an
appraisal review;
§ 62-39-413. Appraisal review services; employee or independent contractor; license or certification
Any employee or independent contractor of the appraisal management company who performs an
appraisal review service on an appraisal done on real property located within Tennessee must be an
individual who holds a license as defined in § 62-39-102 or certification as defined in § 62-39-102.
Letters of engagement shall include instructions to the appraiser to decline the appraisal
review assignment in the event the appraiser is not geographically competent or the assignment falls
outside the appraiser's scope of practice restrictions.
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Texas
State Appraiser Licensing & Certification Agency
Appraiser Licensing and Certification Board
P.O. Box 12188
Austin, TX 78711-2188
Website: http://www.talcb.texas.gov/AgencyInfo/default.asp
Phone: 512-936-3001
Fax: 512-936-3966
§ 1103.003. Definitions
In this chapter:
(1) “Appraisal” means, regardless of whether prepared for a federally related transaction:
(A) an opinion of value; or
(B) the act or process of developing an opinion of value.
§ 1103.201. Certificate or License Required
(a) A person may not perform an appraisal of real estate unless the person is licensed or certified as an
appraiser under this chapter, registered as a temporary out-of-state appraiser under this chapter, or
acting as an appraiser trainee under the sponsorship of a certified appraiser.
(b) Unless the person holds the appropriate license or certification, a person may not:
(1) use the title “state-certified real estate appraiser” or “state-licensed real estate appraiser”; or
(2) refer to an appraisal performed by the person as a “certified appraisal” or “licensed appraisal.”
AMC Related Provisions
§ 1104.003. Definitions
(4) “Appraisal review” means the act or process of developing and communicating an opinion about the
quality of another appraiser's work that was performed as part of an appraisal assignment. The term
does not include an examination of an appraisal for grammatical, typographical, mathematical, or other
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similar administrative errors that do not involve the appraiser's professional judgment, including
compliance with the elements of the client's statement of work.
§ 1104.153. Appraisal Review
A person who performs an appraisal review for an appraisal management company must be licensed or
certified under Chapter 1103 with at least the same certification for the property type as the appraiser
who completed the report being reviewed.
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Utah
State Appraiser Licensing & Certification Agency
Division of Real Estate
P.O. Box 146711
Salt Lake City, UT 84114-6711
Website: http://www.realestate.utah.gov/
Phone: 801-530-6747
Fax: 801-526-4387
§ 61-2g-102. Definitions
(1) As used in this chapter:
(a)(i) “Appraisal” means an analysis, opinion, or conclusion relating to the nature, quality, value, or
utility of a specified interest in, or aspect of, identified real estate or identified real property.
(ii) An appraisal is classified by the nature of the assignment as a valuation appraisal, an analysis
assignment, or a review assignment in accordance with the following definitions:
(A) “Analysis assignment” means an unbiased analysis, opinion, or conclusion that relates to the
nature, quality, or utility of identified real estate or identified real property.
(B) “Review assignment” means an unbiased analysis, opinion, or conclusion that forms an
opinion as to the adequacy and appropriateness of a valuation appraisal or an analysis
assignment.
(C) “Valuation appraisal” means an unbiased analysis, opinion, or conclusion that estimates the
value of an identified parcel of real estate or identified real property at a particular point in
time.
(c)(i) “Appraisal report” means a communication, written or oral, of an appraisal.
(ii) An appraisal report is classified by the nature of the assignment as a valuation report,
analysis report, or review report in accordance with the definitions provided in Subsection
(1)(a)(ii).
(iii) The testimony of a person relating to the person's analyses, conclusions, or opinions
concerning identified real estate or identified real property is considered to be an oral appraisal
report.
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(h)(i)(A) “Consultation service” means an engagement to provide a real estate valuation service analysis,
opinion, conclusion, or other service that does not fall within the definition of appraisal.
(B) “Consultation service” does not mean a valuation appraisal, analysis assignment, or review
assignment.
(ii) Regardless of the intention of the client or employer, if a person prepares an unbiased analysis,
opinion, or conclusion, the analysis, opinion, or conclusion is considered to be an appraisal and not a
consultation service.
(l) “Real estate” means an identified parcel or tract of land including improvements if any.
(m) “Real estate appraisal activity” means the act or process of making an appraisal of real estate or real
property and preparing an appraisal report.
§ 61-2g-301. License or certification required
(1) Except as provided in Subsection (2), it is unlawful for a person to prepare, for valuable
consideration, an appraisal, an appraisal report, a certified appraisal report, or perform a consultation
service relating to real estate or real property in this state without first being licensed or certified in
accordance with this chapter.
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Vermont
State Appraiser Licensing & Certification Agency
Board of Real Estate Appraisers
89 Main Street, 3rd Floor
Montpelier, VT 05620-3402
Website: http://vtprofessionals.org/opr1/real_estate_appraisers/
Phone: 802-828-3228
Fax: 802-828-2465
26 V.S.A. § 3311, Definitions
As used in this chapter:
(2) “Appraisal” means an analysis, opinion, or conclusion relating to the value of specified interests in or
aspects of identified real estate or identified real property.
26 V.S.A. § 3312, Prohibitions; penalty; exemption
(a) Unless licensed in accordance with the provisions of this chapter, no person may:
(1) Perform an appraisal in a federally related transaction when a licensed or certified appraiser
is required by the Act.1
(2) Use in connection with his or her name any letters, words, or insignia indicating that he or
she is a state certified or licensed real estate appraiser.
Provisions Applicable to AMCs
26 V.S.A. § 3320a, Appraisal management companies
(e) A registrant's employee reviewing finished appraisals shall be certified or licensed in good standing in
one or more states and shall be certified at a level that corresponds with or is higher than the level of
licensure required to perform the appraisal.
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Virginia
Real Estate Appraiser Board
9960 Mayland Drive, Suite 400
Richmond, VA 23233-1463
Website: http://www.dpor.virginia.gov/boards/appraisers/
Phone: 804-367-8552
Fax: 804-367-6946
VA Code Ann. § 54.1-2009, Definitions
As used in this chapter, unless the context clearly indicates otherwise:
“Appraisal” means an analysis, opinion, or conclusion relating to the nature, quality, value, or utility of
specified interests in, or aspects of, identified real estate or identified real property. An appraisal may be
classified by subject matter into either a valuation or analysis. A “valuation” is an estimate of the value
of real estate or real property. An “analysis” is a study of real estate or real property other than
estimating value. The term “appraiser” or “appraisal” may be used only by a person licensed or certified
by the Board.
“Appraisal report” means any communications, written or oral, of an appraisal.
VA Code Ann. § 54.1-2011, Necessity for license
A. After December 31, 1992, except as provided in § 54.1-2010 and in subsections C and E of this
section, it shall be unlawful to engage in the appraisal of real estate or real property for compensation
or valuable consideration in this Commonwealth without first obtaining a real estate appraiser's license
in accordance with Board regulations promulgated pursuant to the Administrative Process Act (§ 2.2-
4000 et seq.).
B. After December 31, 1992, except as provided in § 54.1-2010, it shall be unlawful for any person who is
not licensed pursuant to this chapter to perform an appraisal in connection with a federally related
transaction.
C. Notwithstanding subsections A and B of this section, an individual who is not a licensed residential
real estate appraiser, a certified residential real estate appraiser, or a certified general real estate
appraiser may assist in the preparation of and sign an appraisal if:
1. The assistant is under the direct supervision of a licensed residential real estate appraiser, a certified
residential real estate appraiser, or a certified general real estate appraiser; and
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2. The appraisal is reviewed, attested to be accurate and complete, and signed by such licensed
residential real estate appraiser, certified residential real estate appraiser, or certified general real
estate appraiser in accordance with this chapter.
E. A corporation, partnership, or other business entity may provide appraisal services if each appraisal is
prepared and signed by an individual licensed in accordance with this chapter and such corporation,
partnership, or other business entity has registered with the Board. However, any appraisal
management company that is required to be licensed under § 54.1-2021.1 shall not be required to have
an additional license under this section.
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Washington
State Appraiser Licensing & Certification Agency
Real Estate Appraisers Licensing Program
PO Box 9021
Olympia, WA 98507-9021
Website: http://www.dol.wa.gov/business/appraisers/
Phone: 360-664-6504
Fax: 360-586-0998
RCWA 18.140.010, Definitions
The definitions in this section apply throughout this chapter unless the context clearly requires
otherwise.
(1) “Appraisal” means the act or process of estimating value; an estimate of value; or of or pertaining to
appraising and related functions.
(2) “Appraisal report” means any communication, written or oral, of an appraisal, review, or consulting
service in accordance with the standards of professional conduct or practice, adopted by the director,
that is transmitted to the client upon completion of an assignment.
(3) “Appraisal assignment” means an engagement for which an appraiser is employed or retained to act,
or would be perceived by third parties or the public as acting, as a disinterested third party in rendering
an unbiased analysis, opinion, or conclusion relating to the value of specified interests in, or aspects of,
identified real estate. The term “appraisal assignment” may apply to valuation work and analysis work.
(20) “Review” means the act or process of critically studying an appraisal report prepared by another.
RCWA 18.140.020, Use of title by unauthorized person
(1) No person other than a state-certified or state-licensed real estate appraiser may receive
compensation of any form for a real estate appraisal or an appraisal review, except that a state-
registered appraiser trainee may receive compensation from one or more supervisory appraisers or the
supervisory appraiser's employer for appraisal assignments.
(2) Compensation may be provided for brokers price opinions prepared by a real estate licensee,
licensed under chapter 18.85 RCW.
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(3) No person, other than a state-certified, state-licensed real estate appraiser, or a state-registered
appraiser trainee may assume or use that title or any title, designation, or abbreviation likely to create
the impression of certification, licensure, or registration as a real estate appraiser by this state.
(4) A person who is not certified, licensed, or registered under this chapter shall not prepare any
appraisal of real estate located in this state, except as provided under subsection (2) of this section.
(7) This section does not apply to an appraisal or an appraisal review performed for a financial
institution or mortgage broker by an employee or third party, when such appraisal or appraisal review is
not required to be performed by a state-certified or state-licensed real estate appraiser by the
appropriate federal financial institutions regulatory agency.
Provisions Applicable to AMCs
RCWA 18.310.010, Definitions
The definitions in this section apply throughout this chapter unless the context clearly requires
otherwise.
(1) “Appraisal” means the act or process of estimating value; an estimate of value; or of pertaining to
appraising and related functions.
(4) “Appraisal review” or “appraisal review services” means developing and communicating an opinion
about the quality of another appraiser's work that was performed, or assignment results that were
developed, as part of an appraisal assignment.
(5) “Appraiser” means a person who is licensed or certified under chapter 18.140 RCW or under similar
laws of another state.
RCWA 18.310.110, Appraiser requirements
(3) Any employee of the appraisal management company, or any contractor working in any capacity on
behalf of the appraisal management company, that has any involvement in the actual performance of
appraisal or appraisal review services or review and analysis of completed appraisals must be a state
licensed or state-certified appraiser in the state in which the property is located, and must have
geographic and product competence. This requirement does not apply to any review or examination of
the appraisal for grammatical, typographical, or similar errors or general reviews of the appraisal for
completeness.
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West Virginia
State Appraiser Licensing & Certification Agency
Real Estate Appraiser Licensing & Certification Board
2110 Kanawha Blvd., East, Suite 101
Charleston, WV 25311
Website: http://www.appraiserboard.wv.gov/Pages/default.aspx
Phone: 304-558-3919
Fax: 304-558-3983
W. Va. Code, § 30-38-3, Definitions
As used in this article, the following terms have the following meanings:
(a) “Appraisal” means an analysis, opinion or conclusion prepared by a real estate appraiser relating to
the nature, quality, value or utility of specified interests in, or aspects of, identified real estate or
identified real property. An appraisal may be classified by the nature of the assignment as a valuation
appraisal, an analysis assignment or a review assignment.
(b) “Analysis assignment” means an analysis, opinion or conclusion prepared by a real estate appraiser
that relates to the nature, quality or utility of identified real estate or identified real property.
(d) “Appraisal report” means any communication, written or oral, of an appraisal. An appraisal report
may be classified by the nature of the assignment as a “valuation report”, “analysis report” or
“review report”. For the purposes of this article, the testimony of an appraiser dealing with the
appraiser's analyses, conclusions or opinions concerning identified real estate or identified real property
is considered an oral appraisal report.
(m) “Real estate” means an identified parcel or tract of land, including improvements, if any.
(n) “Real estate appraisal activity” means the act or process of making an appraisal of real estate or real
property and preparing an appraisal report.
(o) “Real estate appraiser” means a person who engages in real estate appraisal activity for a fee or
other valuable consideration.
(p) “Real property interests” means one or more defined interests, benefits or rights inherent in the
ownership of real estate.
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(q) “Review assignment” means an analysis, opinion or conclusion prepared by a real estate appraiser
that forms an opinion as to the adequacy and appropriateness of a valuation appraisal or an analysis
assignment.
(s) “Valuation appraisal” means an analysis, opinion or conclusion prepared by a real estate appraiser
that estimates the value of an identified parcel of real estate or identified real property at a particular
point in time.
W. Va. Code, § 30-38-1, Real estate appraiser license required; exceptions
(a) It is unlawful for any person, for compensation or valuable consideration, to prepare a valuation
appraisal or a valuation appraisal report relating to real estate or real property in this state without first
being licensed or certified as provided in this article. This section shall not be construed to apply to
persons who do not render significant professional assistance in arriving at a real estate appraisal
analysis, opinion or conclusion. Nothing in this article may be construed to prohibit any person who is
licensed to practice in this state under any other law from engaging in the practice for which he or she is
licensed.
(b) No person other than a person licensed or certified under this article may use the title of licensed
appraiser or certified appraiser or any title, designation or abbreviation likely to create the impression
that the person is licensed or certified by the state.
(c) This article does not apply to:
(3) An employee who renders an opinion as to the value of real estate for his or her full-time employer,
for the employer's internal use only and performed in the regular course of the employee's position,
when the opinion is not referred to as an appraisal and no fee is charged;
Provisions Applicable to AMCs
W. Va. Code, § 30-38A-3, Definitions
As used in this article, the following words and terms have the following meanings, unless the context
clearly indicates otherwise:
(b) “Appraisal” means an analysis, opinion or conclusion prepared by a real estate appraiser relating to
the nature, quality, value or utility of specified interests in, or aspects of, identified real estate or
identified real property. An appraisal may be classified by the nature of the assignment as a valuation
appraisal, an analysis assignment or a review assignment.
(e) “Appraisal review” means the act of developing and communicating an opinion about the quality of
another appraiser's work that was performed as part of an appraiser assignment. The review does not
include:
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(1) An examination of an appraisal for grammatical, typographical or other similar errors that do not
make a substantive valuation change; or
(2) A general examination for compliance including regulatory and/or client requirements as specified in
the agreement process that do not communicate an opinion as to the valuation conclusion.
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Wisconsin
State Appraiser Licensing & Certification Agency
Dept of Safety and Professional Services
P.O. Box 8935
Madison, WI 53708-8935
Website: http://dsps.wi.gov/Default.aspx?Page=56b0c8df-796a-41cf-b8af-cd1419a55b3e
Phone: 608-266-2112
Fax: 608-261-7083
458.01. Definitions
In this chapter:
(1) “Appraisal” means an analysis, opinion or conclusion relating to the nature, quality, value or utility of
specified interests in or aspects of real estate.
(3) “Appraisal report” means a written communication of an appraisal.
(10) “Federally related transaction” has the meaning given in 12 USC 3350(4).
458.02. Limitations and exceptions
Nothing in this chapter shall be construed to prohibit a person who is not a certified appraiser or
licensed appraiser from appraising real estate or from cosigning an appraisal report with a certified
appraiser or licensed appraiser if the person complies with s. 458.055.
458.055. Prohibited conduct
Except as provided in s. 458.095, no person may do any of the following:
(1) Use the title “Wisconsin certified appraiser”, “Wisconsin certified general appraiser”, “Wisconsin
certified residential appraiser” or any similar title unless the person holds an applicable appraiser
certificate issued under s. 458.06.
(2) Describe or refer to an appraisal of real estate located in this state by the term “Wisconsin certified”
or any similar term unless the person holds an applicable appraiser certificate issued under s. 458.06.
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(3) Use the title “Wisconsin licensed appraiser” or any similar title unless the person is a certified
appraiser or licensed appraiser.
(4) Describe or refer to an appraisal of real estate located in this state by the term “Wisconsin licensed”
or any similar term unless the person is a certified appraiser or licensed appraiser.
458.095. Temporary use of titles; appraisers certified or licensed in other states
A certificate under this chapter is not required for an appraiser who holds a current appraiser certificate
in another state if all of the following apply:
(1) The appraisal is performed in a federally related transaction.
(2) The appraiser's practice in this state is of a temporary nature, as determined by the department by
rule.
(3) The appraiser is registered with the department.
(4) The appraiser meets all other requirements established in rules promulgated by the department for
the regulation of temporary appraiser practice.
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Wyoming
State Appraiser Licensing & Certification Agency
Certified Real Estate Appraiser Board
2020 Carey Avenue, Suite 702
Cheyenne, WY 82002-0180
Website: http://realestate.wyo.gov/
Phone: 307-777-7141
Fax: 307-777-3796
§ 33-39-101. Short title; license required
(b) Beginning July 1, 1991, it is unlawful for any person to directly or indirectly engage in, advertise,
conduct the business of or act in any capacity as a certified real estate appraiser for compensation
within this state without first obtaining certification as provided in this act.
§ 33-39-102. Definitions
(a) As used in this act:
(i) “Appraisal” or “real estate appraisal” means a supportable opinion or conclusion relating to the
nature, quality, value or utility of specified interests in, or aspects of, identified real estate;
§ 33-39-103. Exemptions
(a) Except as provided in subsection (b) of this section, this act does not apply to any person who does
not hold himself out as, or offer to perform services as, a certified real estate appraiser.
§ 33-39-115. Nonresident permit
(a) Prior to being issued a permit, every nonresident permittee shall file with the board a designation in
writing which appoints the director of the board to act as his licensed agent upon whom all judicial and
other process or legal notices directed to the permittee may be served. Service upon the agent so
designated shall be equivalent to personal service upon the permittee. Copies of the appointment,
certified by the director of the board, shall be received in evidence in any proceeding and shall be given
the same force and effect as the original. In the written designation the permittee shall agree that any
lawful process against the permittee which is served upon his appointed agent shall be of the same legal
force and validity as if served upon the permittee, and that the authority of the agent shall continue in
force so long as any liability of the permittee remains outstanding in this state. Upon the receipt of any
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process or notice, the director shall mail a copy of the same by certified mail, return receipt requested,
to the last known business address of the permittee.
(b) No permit shall be issued to a nonresident until he has agreed in writing to abide by all the provisions
of this act with respect to his certified real estate appraisal activities within this state and to submit to
the jurisdiction of the board and this state as provided in subsection (a) of this section. The agreement
shall be filed with the board and shall remain in force for so long as the nonresident holds a permit
issued by this state and thereafter with respect to acts or omissions committed while holding a permit in
this state as a nonresident permittee.
(c) A nonresident of this state who has complied with the provisions of subsections (a) and (b) of this
section may obtain a permit to practice as a certified real estate appraiser by conforming to all of the
provisions of this act relating to certified real estate appraisers.