Section 61-30-14 – Issuance and renewal of registration, licenses and certificates. (Repealed effective July 1, 2024.)
A. The board shall issue to each qualified applicant evidence of registration, a license or a certificate in a form and size prescribed by the board. B. The board in its discretion may renew registrations, licenses or certificates for periods of one, two or three years for the purpose of coordinating continuing education requirements with […]
Section 61-30-4 – Administration; enforcement. (Repealed effective July 1, 2024.)
A. The board shall administer and enforce the Real Estate Appraisers Act. B. It is unlawful for a person to engage in the business, act in the capacity of, advertise or display in any manner or otherwise assume to engage in the business of, or act as, a real estate appraiser trainee, a state licensed […]
Section 61-30-5 – Real estate appraisers board created. (Repealed effective July 1, 2024.)
A. There is created a “real estate appraisers board” consisting of seven members appointed by the governor. The board is administratively attached to the regulation and licensing department. B. There shall be four real estate appraiser members of the board who shall be licensed or certified. Membership in a professional appraisal organization or association shall […]
Section 61-30-5.1 – Temporary provision. (Repealed effective July 1, 2024.)
As the terms of current members of the real estate appraisers board expire, the governor shall appoint or reappoint members in a way that provides for future terms to be staggered. History: Laws 1999, ch. 283, § 8. ANNOTATIONS Delayed repeals. — For delayed repeal of this section, see 61-30-24 NMSA 1978.
Section 61-30-1 – Short title. (Repealed effective July 1, 2024.)
Chapter 61, Article 30 NMSA 1978 may be cited as the “Real Estate Appraisers Act”. History: Laws 1990, ch. 75, § 1; 1992, ch. 54, § 1. ANNOTATIONS Delayed repeals. — For delayed repeal of this section, see 61-30-24 NMSA 1978. The 1992 amendment, effective May 20, 1992, substituted “Chapter 61, Article 30 NMSA 1978” […]
Section 61-30-2 – Purpose and legislative intent. (Repealed effective July 1, 2024.)
A. The purpose of the Real Estate Appraisers Act [Chapter 61, Article 30 NMSA 1978] is to provide a comprehensive body of law for the effective regulation and active supervision of the business of developing and communicating real estate appraisals in response to the federal Financial Institutions Examination Council Act of 1978, 12 U.S.C. 3301, […]
Section 61-30-3 – Definitions. (Repealed effective July 1, 2024.)
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 […]