2023 New Mexico Statutes › Chapter 61 - Professional and Occupational Licenses › Article 30 - Real Estate Appraisers › Section 61-30-11 - Qualifications for license. (Repealed effective July 1, 2030.)

A. Licenses shall be granted only to persons who are deemed by the board to be of good repute and competent to render appraisals.
B. Each applicant for a license as a state licensed residential real estate appraiser shall have reached the age of majority.
C. Each applicant for a license as a state licensed residential real estate appraiser shall have additional experience and education requirements as established for the licensed classification issued by the appraiser qualifications board of the appraisal foundation and adopted by rule pursuant to the Real Estate Appraisers Act.
D. The board shall require such information as it deems necessary from every applicant to determine the applicant's honesty, trustworthiness and competency.
E. Persons who do not meet the qualifications for licensure are not qualified for appraisal assignments involving federally related transactions.
History:
Laws 1990, ch. 75, § 11; 1992, ch. 54, § 9; 1993, ch. 269, § 9; 1999, ch. 283, § 4; 2003, ch. 328, § 9; 2014, ch. 33, § 8; 2021, ch. 70, § 14.
ANNOTATIONS
Delayed repeals.
— For delayed repeal of this section,
see
61-30-24 NMSA 1978.
The 2021 amendment,
effective June 18, 2021, removed legal residency of the United States as a requirement for licensure as a state licensed residential real estate appraiser; and in Subsection B, after "real estate appraiser shall", deleted "be a legal resident of the United States, except as otherwise provided in Section 61-30-20 NMSA 1978, and".
The 2014 amendment,
effective May 21, 2014, provided for residential real estate appraisers; in Subsection B, after "state licensed", added "residential"; and in Subsection C, after "state licensed", added "residential".
The 2003 amendment,
effective July 1, 2003, inserted "as a state licensed real estate appraiser" following "applicant for a license" near the beginning of Subsection B; added "additional experience and education requirements as established for the licensed classification issued by the appraiser qualifications board of the appraisal foundation and adopted by rule pursuant to the Real Estate Appraisers Act" at the end of Subsection C; deleted former Paragraphs C(1), C(2) and C(3), concerning experience, instruction and other equivalent educational activity; and substituted "Persons" for "Individuals" at the beginning of Subsection E.
The 1999 amendment,
effective June 18, 1999, substituted "seventy-five classroom hours" for "sixty classroom hours" in Subsection C(2), and deleted the former first two sentences of Subsection E, which read "Holders of licenses issued before the effective date of this section shall have until October 1, 1993 to comply with the current requirements of this section. Should the requirements not be met by October 1, 1993, the license shall be surrendered to the board and a registration shall be issued therefor."
The 1993 amendment,
effective June 18, 1993, substituted "board" for "commission" in Subsections A and D; deleted "two years of experience with" from the beginning of Paragraph (1) of Subsection C; and added Subsection E.
The 1992 amendment,
effective May 20, 1992, in Subsection B, deleted "a bona fide resident of New Mexico" following "United States" and made a section reference substitution; in Subsection C, added present Paragraph (1), redesignated former Paragraphs (1) and (2) as present Paragraphs (2) and (3), and deleted "approved by the board" following "real estate" in present Paragraph (2).