32 §14001. Short title

§14001. Short title This chapter may be known and cited as the “Real Estate Appraisal Licensing and Certification Act.”   [PL 1999, c. 185, §5 (NEW).] SECTION HISTORY PL 1999, c. 185, §5 (NEW).

32 §14002. Definitions

§14002. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.   [PL 1999, c. 185, §5 (NEW).] 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 […]

32 §14003. License required

§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 […]

32 §14004. Exemption

§14004. Exemption Real estate appraisal activity does not include:   [PL 1999, c. 185, §5 (NEW).] 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 […]

32 §14005. Civil actions

§14005. Civil actions A person may not bring or maintain any action in the courts of this State for the collection of compensation for the performance of real estate appraisal services without first proving that the person was properly licensed by the board at the time the cause of action arose.   [PL 1999, c. […]

32 §14006. Violation

§14006. Violation A person who violates section 14003 is subject to the provisions of Title 10, section 8003‑C.   [PL 2007, c. 402, Pt. GG, §2 (AMD).] SECTION HISTORY PL 1999, c. 185, §5 (NEW). PL 1999, c. 547, §B78 (AMD). PL 1999, c. 547, §B80 (AFF). RR 2001, c. 1, §42 (COR). PL 2001, […]