1. An appraiser may obtain from the Division:
(a) A license as a residential appraiser, which authorizes him or her to perform an appraisal of real estate suitable for or consisting of no more than four residential units in any one transaction, if:
(1) The total value does not exceed $1,000,000 and the complexity of the transaction does not, under the regulations of a federal agency or the classifications and qualifications established by the Appraiser Qualifications Board of the Appraisal Foundation, require a certified appraiser; or
(2) The property is not a complex property;
(b) A certificate as a residential appraiser, which authorizes him or her to perform an appraisal of real estate suitable for or consisting of no more than four residential units in any one transaction, without regard to value or complexity; or
(c) A certificate as a general appraiser, which authorizes him or her to perform any appraisal.
2. A person certified or licensed as a residential appraiser may, under the direct supervision of a person certified as a general appraiser, assist in the preparation and communication of an appraisal that is outside the scope of the certificate or license.
3. Only a person certified or licensed as an appraiser from whom the Division has collected the annual registry fee to be paid to the Federal Financial Institutions Examination Council pursuant to 12 U.S.C. § 3338 and who is in active status on the National Registry of Appraisers is eligible to perform federally related transactions.
4. The Commission may establish, by regulation, additional classifications of licensure or certification, and the qualifications therefor, if necessary to comply with classifications and qualifications established by the Appraiser Qualifications Board of the Appraisal Foundation.
(Added to NRS by 1989, 826; A 1991, 889; 2005, 1292; 2019, 480)
Structure Nevada Revised Statutes
Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies
NRS 645C.020 - "Administrator" defined.
NRS 645C.030 - "Appraisal" defined.
NRS 645C.032 - "Appraisal firm" defined.
NRS 645C.034 - "Appraisal management company" defined.
NRS 645C.037 - "Appraisal Subcommittee" defined.
NRS 645C.040 - "Appraiser" defined.
NRS 645C.045 - "Certificate" defined.
NRS 645C.047 - "Certified appraiser" defined.
NRS 645C.050 - "Commission" defined.
NRS 645C.055 - "Complex property" defined.
NRS 645C.060 - "Division" defined.
NRS 645C.065 - "Federal financial institutions regulatory agency" defined.
NRS 645C.067 - "Federally related transaction" defined.
NRS 645C.070 - "Intern" defined.
NRS 645C.080 - "License" defined.
NRS 645C.090 - "Licensed appraiser" defined.
NRS 645C.100 - "Permit" defined.
NRS 645C.110 - "Real estate" defined.
NRS 645C.120 - "Registered intern" defined.
NRS 645C.130 - "Registration card" defined.
NRS 645C.140 - Purpose of chapter.
NRS 645C.150 - Applicability of chapter.
NRS 645C.190 - Commission of Appraisers of Real Estate: Qualifications and oaths of members.
NRS 645C.230 - Publication and sale of manual or guide concerning appraisals.
NRS 645C.240 - Deposit and use of money received by Division; financial support of Division.
NRS 645C.245 - Technology Account for Chapter 645C of NRS.
NRS 645C.250 - Duties of Attorney General.
NRS 645C.280 - Types and scope of licenses and certificates; regulations.
NRS 645C.290 - Application for certificate or license: Form and contents.
NRS 645C.310 - Period for action on application for certificate or license.
NRS 645C.320 - Qualifications for issuance and grounds for denial of certificate or license.
NRS 645C.405 - Duty to report certain convictions and pleas to Division.
NRS 645C.420 - Placement of certificate or license on inactive status; reinstatement.
NRS 645C.440 - Continuing education: Regulations; approval of courses.
NRS 645C.450 - Fees; regulations.
NRS 645C.463 - Disciplinary or other action for failure to pay money owed to Commission or Division.
NRS 645C.470 - Unprofessional conduct of certified or licensed appraiser or registered intern.
NRS 645C.480 - Additional acts of unprofessional conduct of certified or licensed appraiser.
NRS 645C.530 - Administration of oaths; issuance and enforcement of subpoenas.
NRS 645C.540 - Payment of witnesses for fees and mileage.
NRS 645C.702 - Revocation or suspension of registration: Complaint; hearing; notice of hearing.
NRS 645C.704 - Revocation or suspension of registration: Notice of decision.
NRS 645C.550 - Injunctive relief.
NRS 645C.600 - Applicability of provisions.
NRS 645C.610 - Deposit of money collected; claim for attorney’s fees and costs of investigation.
NRS 645C.665 - Registration: Expiration; requirements for renewal; grounds for denial of renewal.
NRS 645C.680 - Fees; regulations.
NRS 645C.710 - Administrative fines: Grounds; amount; related disciplinary action.
NRS 645C.720 - Unlawful to conduct business of appraisal management company without registration.
NRS 645C.730 - Unlawful to influence or attempt to influence appraisal.
NRS 645C.740 - Unlawful to change appraisal submitted by independent contractor.