New Mexico Statutes
Article 30 - Real Estate Appraisers
Section 61-30-20 - Nonresident applicants; reciprocity. (Repealed effective July 1, 2024.)

A. Pursuant to Title 11 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the board shall issue a registration, license or certificate to a nonresident if the applicant's home state complies with Title 11 as determined by the appraisal subcommittee.
B. The registration, license or certificate shall be issued upon payment of the application fee, verification that the applicant has complied with the applicant's resident state's current education requirements and the filing with the board of a license history and verification of good standing issued by the licensing board of the other state.
C. The applicant shall file an irrevocable consent that suits and actions may be commenced against the applicant in the proper court of any county of this state in which a cause of action may arise from the applicant's actions as a real estate appraiser trainee, state licensed residential real estate appraiser or state certified real estate appraiser or in which the plaintiff may reside, by the service of any processes or pleadings authorized by the laws of this state on the board, the consent stipulating and agreeing that such service of processes or pleadings on the board shall be taken and held in all courts to be as valid and binding as if personal service has been made upon the applicant in New Mexico. In case any process or pleading mentioned in the case is served upon the board, it shall be by duplicate copies, one of which shall be filed in the office of the board and the other immediately forwarded by registered mail to the nonresident real estate appraiser trainee, state licensed residential real estate appraiser or state certified real estate appraiser to whom the processes or pleadings are directed.
History: Laws 1990, ch. 75, § 20; 1992, ch. 54, § 17; 1993, ch. 269, § 18; 2003, ch. 328, § 17; 2014, ch. 33, § 17.
Delayed repeals. — For delayed repeal of this section, see 61-30-24 NMSA 1978.
The 2014 amendment, effective May 21, 2014, provided for reciprocity for nonresident applicants in conformity with federal law; in Subsection A, deleted all of the former language of the subsection which provided for reciprocity for nonresident applicants if the requirements of their state's laws were the same or similar to the requirements of the Real Estate Appraisers Act or if the nonresident conformed to the conditions of the act, for acceptance of examinations taken in other states, and for interstate agreements allowing reciprocity, and added the language of the current subsection; and in Subsection C, in the first sentence, after "actions as a", deleted "state apprentice", after "real estate appraiser", added "trainee", and after "state licensed", deleted "residential", and in the second sentence, after "to the nonresident", deleted "state apprentice", after "real estate appraiser", added "trainee", and after "state licensed", added "residential".
The 2003 amendment, effective July 1, 2003, in Subsection A substituted "apprentice real estate appraiser, state" for "registered" following "applicant may become a" near the middle of the second sentence, inserted "real estate appraiser" following "licensed" near the middle of the second sentence, inserted "state" preceding "certified real estate appraiser" near the middle of the second sentence, substituted "at the board's discretion if" for "provided" near the middle of the third sentence, and substituted "apprentice real estate appraisers, state" for "registered" following "beneficial to New Mexico" near the middle of the fourth sentence, inserted "real estate appraisers" following "licensed" near the middle of the fourth sentence, inserted "state" preceding "certified" near the middle of the fourth sentence and inserted "real estate" preceding "appraisers, the board may" near the middle of the fourth sentence; in Subsection B, substituted "apprentice real estate appraiser, state" for "registered" following "actions as a state" near the middle of the first sentence, inserted "real estate appraiser" following "licensed" near the middle of the first sentence, inserted "state" preceding "certified real estate appraiser" near the middle of the first sentence, substituted "apprentice real estate appraiser, state" for "registered" following "to the nonresident state" near the end of the second sentence, inserted "real estate appraiser" following "licensed" near the end of the second sentence, and inserted "state" preceding "certified real estate appraiser" near the end of the second sentence.
The 1993 amendment, effective June 18, 1993, rewrote Subsection A and substituted "board" for "commission" throughout Subsection B.
The 1992 amendment, effective May 20, 1992, inserted "registered" and "registration" throughout the section; and, in Subsection A, inserted "shall issue a registration, license or certificate" and substituted "greater conditions" for "lesser conditions" in the first sentence.

Structure New Mexico Statutes