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, et seq., as amended by Title XI, Real Estate Appraisal Reform Amendments, 12 U.S.C. 3331 through 3351.
B. The legislature intends that persons developing and communicating real estate appraisals be regulated by the state for the protection of those persons relying upon real estate appraisals.
History: Laws 1990, ch. 75, § 2.
Delayed repeals. — For delayed repeal of this section, see 61-30-24 NMSA 1978.
Structure New Mexico Statutes
Chapter 61 - Professional and Occupational Licenses
Article 30 - Real Estate Appraisers
Section 61-30-1 - Short title. (Repealed effective July 1, 2024.)
Section 61-30-2 - Purpose and legislative intent. (Repealed effective July 1, 2024.)
Section 61-30-3 - Definitions. (Repealed effective July 1, 2024.)
Section 61-30-4 - Administration; enforcement. (Repealed effective July 1, 2024.)
Section 61-30-5 - Real estate appraisers board created. (Repealed effective July 1, 2024.)
Section 61-30-5.1 - Temporary provision. (Repealed effective July 1, 2024.)
Section 61-30-7 - Board; powers; duties. (Repealed effective July 1, 2024.)
Section 61-30-8 - Board; organization; meetings. (Repealed effective July 1, 2024.)
Section 61-30-9 - Reimbursement and expenses. (Repealed effective July 1, 2024.)
Section 61-30-11 - Qualifications for license. (Repealed effective July 1, 2024.)
Section 61-30-15.1 - Criminal history background checks. (Repealed effective July 1, 2024.)
Section 61-30-17 - Fees. (Repealed effective July 1, 2024.)
Section 61-30-19 - Continuing education. (Repealed effective July 1, 2024.)
Section 61-30-20 - Nonresident applicants; reciprocity. (Repealed effective July 1, 2024.)
Section 61-30-21 - Temporary practice. (Repealed effective July 1, 2024.)
Section 61-30-24 - Termination of agency life; delayed repeal. (Repealed effective July 1, 2024.)