§ 93E-2-11 – Criminal history record checks of applicants or registrants for registration as appraisal management companies.
93E-2-11. Criminal history record checks of applicants or registrants for registration as appraisal management companies. (a) Definitions. – The following definitions shall apply in this section: (1) Applicant. – A person applying for registration as an appraisal management company pursuant to G.S. 93E-2-4. (2) Criminal history. – A history of conviction of a state or […]
§ 93E-2-1 – Registration required of real estate appraisal management companies; exceptions.
93E-2-1. Registration required of real estate appraisal management companies; exceptions. Beginning January 1, 2011, it shall be unlawful for any person, corporation, partnership, sole proprietorship, subsidiary, unit, or any other business entity in this State to do any of the following without first registering with the Board under the provisions of this Article: (1) Directly […]
§ 93E-2-2 – Definitions.
93E-2-2. Definitions. (a) The following definitions apply in this Article: (1) Appraisal management company. – A corporation, partnership, sole proprietorship, subsidiary, unit, or other business entity that utilizes an appraisal panel or fee panel and performs, directly or indirectly, appraisal management services. The following entities are exempt from registration with the Board: a. Any agency […]
§ 93E-2-3 – Rule-making authority.
93E-2-3. Rule-making authority. The Board shall have the authority to adopt rules that are reasonably necessary to implement, administer, and enforce the provisions of this Article. (2010-141, s. 1.)
§ 93E-2-4 – Qualifications for registration; duties of registrants.
93E-2-4. Qualifications for registration; duties of registrants. (a) Any person or entity desiring to be registered as an appraisal management company in this State shall make written application to the Board on forms prescribed by the Board setting forth the applicant’s qualifications for registration. The application shall be accompanied by the applicable fee under G.S. […]
§ 93E-2-5 – Compliance manager.
93E-2-5. Compliance manager. Each appraisal management company registered under this Article shall designate a compliance manager who is responsible for ensuring the company operates in compliance with this Article. The compliance manager shall be a certified real estate appraiser on active status and in good standing, certified under Article 1 of this Chapter or under […]
§ 93E-2-6 – Fees and renewals.
93E-2-6. Fees and renewals. (a) Each application for registration as an appraisal management company under this Article shall be accompanied by a registration fee in an amount set by the Board not to exceed three thousand five hundred dollars ($3,500). Registration issued under this Article shall expire on June 30, 2012, and on June 30 […]
§ 93E-2-7 – Prohibited acts.
93E-2-7. Prohibited acts. (a) No employee, director, officer, or agent of a registered appraisal management company or any other third party acting as joint venture partner or independent contractor shall influence or attempt to influence the development, reporting, result, or review of a real estate appraisal through coercion, extortion, collusion, compensation, inducement, intimidation, bribery, or […]
§ 93E-2-8 – Disciplinary authority.
93E-2-8. Disciplinary authority. (a) The Board may, by order, deny, suspend, revoke, or refuse to issue or renew a registration of an appraisal management company under this Article or may restrict or limit activities of a person who owns an interest in or participates in the business of an appraisal management company if the Board […]
§ 93E-2-9 – Records.
93E-2-9. Records. (a) The Board shall maintain a list of all applicants for registration under this Article that includes for each applicant the date of application, the name and primary business location of the applicant, and whether the registration was granted or refused. (b) The Board shall maintain a current roster showing the names and […]