New Mexico Statutes
Article 30 - Real Estate Appraisers
Section 61-30-16 - Standards of professional appraisal practice; certificate of good standing. (Repealed effective July 1, 2024.)

A. Each real estate appraiser trainee, state licensed residential real estate appraiser or state certified real estate appraiser shall comply with the generally accepted standards of professional appraisal practice and the generally accepted ethical rules to be observed by a real estate appraiser. The generally accepted standards of professional appraisal practice and professional ethics are currently evidenced by the uniform standards of professional appraisal practice. Real estate appraisals shall be written or oral appraisals and subject to appropriate review for compliance with the uniform standards of professional appraisal practice. The work file for an oral appraisal report shall be subject to appropriate review for compliance with the uniform standards of professional appraisal practice.
B. The board, upon payment of a fee in an amount specified in its regulations, may issue a certificate of good standing to any state registered, licensed or certified real estate appraiser who is in good standing under the Real Estate Appraisers Act.
History: Laws 1990, ch. 75, § 16; 1992, ch. 54, § 14; 1993, ch. 269, § 14; 2003, ch. 328, § 14; 2014, ch. 33, § 13.
Delayed repeals. — For delayed repeal of this section, see 61-30-24 NMSA 1978.
The 2014 amendment, effective May 21, 2014, provided for uniform standards of professional appraisal practice; and in Subsection A, in the first sentence, after "Each real estate appraiser", deleted "registered, licensed or certified under the Real Estate Appraisers Act" and added "trainee, state licensed residential real estate appraiser or state certified real estate appraiser"; in the second sentence, after "professional appraisal practice", added "and professional ethics", and at the end of the sentence, after "professional appraisal practice", deleted "promulgated by the appraisal foundation and as adopted by regulation under the Real Estate Appraisers Act", and added the third and fourth sentences.
The 2003 amendment, effective July 1, 2003, in Subsection A inserted "state apprentice real estate appraiser, state licensed real estate appraiser or state certified" following "Each" near the beginning, deleted "registered, licensed or certified under the Real Estate Appraisers Act" following "real estate appraiser" near the beginning and substituted "rule pursuant to provisions of" for "regulation under" near the end; and in Subsection B, substituted "rules" for "regulations" following "specified in its" near the beginning, deleted "state registered, licensed or certified" following "good standing to any" near the middle and substituted "in accordance with" for "under" preceding "the Real Estate Appraiser Act" near the end.
The 1993 amendment, effective June 18, 1993, substituted "board" for "commission" in Subsection B.
The 1992 amendment, effective May 20, 1992, inserted "registered" in the first sentence in Subsection A and in Subsection B and added "and as adopted by regulation under the Real Estate Appraisers Act" to the end of Subsection A.

Structure New Mexico Statutes