2023 New Mexico Statutes › Chapter 61 - Professional and Occupational Licenses › Article 30 - Real Estate Appraisers › Section 61-30-13 - Application for registration, license or certificate; examination. (Repealed effective July 1, 2030.)

A. All applications for registrations, licenses or certificates shall be made to the board in writing, either in person or electronically, shall specify whether registration or a license or a certificate is being applied for by the applicant and, if a certificate, the classification of the certificate being applied for by the applicant and shall contain such data and information as may be required by the board.
B. Each applicant for a license or a certificate shall demonstrate, by successfully passing a written examination, prepared by or under the supervision of the board, that the applicant possesses, consistent with licensure or the certification sought, the following:
(1) an appropriate knowledge of technical terms commonly used in or related to real estate appraising, appraisal report writing and economic concepts applicable to real estate;
(2) a basic understanding of real estate law;
(3) an adequate knowledge of theory and techniques of real estate appraisal;
(4) an understanding of the principles of land economics, real estate appraisal processes and problems likely to be encountered in the gathering, interpreting and processing of data in carrying out appraisal disciplines;
(5) an understanding of the standards for the development and communication of real estate appraisals as provided in the Real Estate Appraisers Act;
(6) knowledge of theories of depreciation, cost estimating, methods of capitalization and the mathematics of real estate appraisal that are appropriate for the classification of a certificate applied for by the applicant;
(7) knowledge of other principles and procedures as may be appropriate for the respective classification; and
(8) an understanding of the types of misconduct for which disciplinary proceedings may be initiated against a real estate appraiser trainee, a state licensed residential real estate appraiser or a state certified real estate appraiser as set forth in the Real Estate Appraisers Act.
C. An applicant for a license or a certificate who fails to successfully complete the written examination may apply for a reexamination for a license or certificate upon compliance with such conditions as set forth in the rules adopted by the board pursuant to the provisions of the Real Estate Appraisers Act.
History:
Laws 1990, ch. 75, § 13; 1992, ch. 54, § 11; 1993, ch. 269, § 11; 2003, ch. 328, § 11; 2014, ch. 33, § 10.
ANNOTATIONS
Delayed repeals.
— For delayed repeal of this section,
see
61-30-24 NMSA 1978.
The 2014 amendment,
effective May 21, 2014, permitted applications to be made in person or electronically; eliminated the requirement that examinations be given at least four times each year; in Subsection A, after "to the board in writing", added "either in person or electronically"; in Subsection B, in Paragraph (8), after "initiated against a", deleted "state apprentice", after "real estate appraiser", added "trainee, a", and after "state licensed", added "residential"; and deleted former Subsection C, which required that the examination be given at least four times each year and in each congressional district and that notice of passing or failing be given not later than forty-five days after the examination.
The 2003 amendment,
effective July 1, 2003, in Subsection B(8), substituted "apprentice real estate appraiser, state" for "registered" following "against a state" near the middle, inserted "real estate appraiser" following "licensed" near the middle and inserted "state" preceding "certified real estate" near the middle; substituted "forty-five" for "thirty" preceding "day following" near the end of Subsection C; and deleted "and regulations" following "in the rules" near the end of Subsection D.
The 1993 amendment,
effective June 18, 1993, rewrote the catchline; substituted "registrations" for "registration" and "registration or a license or a" for "a license or" in Subsection A; substituted "board" for "commission" at the end of Subsection A, in the last sentence of Subsection C, and in Subsection D; deleted "commission, upon the advice and recommendation of the board and after consultation with the" before "board" and inserted "licensure or" in Subsection B; and made a stylistic change in Subsection D.
The 1992 amendment,
effective May 20, 1992, inserted "registration" near the beginning of Subsection A; inserted references to a license in Subsections B and D; and inserted "registered, licensed or" in Subsection B(8).