reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.303 - Verification of information concerning credits for continuing education via website created and maintained pursuant to NRS 645C.390

Current through June 11, 2024
The Division may allow a registered intern, licensee or
				  holder of a permit or certificate to use the website created and maintained
				  pursuant to
				  NRS
				  645C.390 to verify information concerning
				  credits for continuing education earned by the registered intern, licensee or
				  holder of a permit or certificate during the current renewal period and the
				  renewal period immediately preceding the current renewal period. The
				  information may include, without limitation:
1. The name of the registered intern,
				licensee or holder of a permit or certificate and the number of that
				person
'
s license, permit, certificate or registration
				card;
2. The title of the course
				and the name of the sponsor of the course;
3. The course number assigned by the
				Division;
4. Whether the
				Administrator has approved the course;
5. The number of hours of continuing
				education credit earned by the registered intern, licensee or holder of a
				permit or certificate for completing a course;
6. The date on which the registered intern,
				licensee or holder of a permit or certificate completed a course; and
7. The number of hours of continuing
				education which the Administrator has approved for the course.
Added to NAC by Comm'n
				  of Appraisers of Real Estate by R103-10, eff. 12-16-2010; A by
				  R176-18A,
				  eff. 5/21/2020
NRS
				  645C.210,
				  645C.440
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.305 - Standards for courses

Current through June 11, 2024
1. Courses for
				continuing education must contain:
(a) Current
				information on appraisal practices which will improve the professional
				knowledge of the licensee or holder of a certificate and enable him or her to
				provide better service to the public.
(b) Information that pertains to pertinent
				state and federal laws and regulations relating to appraisals or appraisal
				practices.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.310 - Unacceptable courses and activities

Current through June 11, 2024
The following kinds of courses and activities do not meet the
				  standards for continuing education:
1.
				A course designed to develop or improve clerical, office or business skills not
				related to the appraisal process, including typing, shorthand, the operation of
				business machines, the use of computers or computer software, speed reading,
				improvement of memory and writing letters.
2. A program of office training or other
				activity which is held as part of the general business of the licensee or
				holder of a certificate.
3. A
				course for the orientation of licensees and holders of certificates.
4. A course for the development of
				instructors.
Added to NAC by Comm'n
				  of Appraisers of Real Estate, eff. 1-26-90; A 11-19-91; R100-03,
				  1-30-2004
NRS
					 645C.210,
					 645C.440
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.315 - Approval of distance education course or course given in Nevada; proof of attendance

Current through June 11, 2024
1. An application
				for approval of a distance education course for continuing education or a
				course given in Nevada for the continuing education of licensees or holders of
				certificates must be submitted to the Division for review by the Administrator.
				The application must be made on a form provided by the Division.
2. The Administrator will not give
				retroactive approval for such a course.
3. In determining whether to approve a course
				pursuant to this section, the Administrator will consider:
(a) Whether the course consists of at least 2
				hours of instruction.
(b) Whether
				the sponsor of the course is willing to certify to the attendance of licensees
				and holders of certificates at the course.
(c) Whether the sponsor is willing to
				maintain for 5 years a record of attendance which contains:
(1) The name of each licensee or holder of a
				certificate in attendance and the number of his or her license or
				certificate.
(2) The title and
				description of the course.
(3) The
				hours of instruction attended by the licensee or holder of a certificate and
				the dates of his or her attendance.
(4) A statement or indication whether the
				licensee or holder of a certificate passed or failed the course, if
				applicable.
(d) Whether
				the sponsor of the course is willing to ensure that an approved instructor will
				preside throughout the course.
(e)
				In the case of distance education courses:
(1)
				Whether the licensee or holder of a certificate will be required to complete:
(I) A written examination proctored by an
				official approved by the Administrator; or
(II) If the course does not include such an
				examination, the course mechanisms required by the Administrator for
				accreditation of the course; and
(2) Whether the course is presented by an
				accredited college or university, has received the approval for college credit
				through the program of approval of the Appraiser Qualifications Board of The
				Appraisal Foundation or the International Distance Education Certification
				Center.
(f) In the case
				of presentations by videotape, whether the sponsor will provide an approved
				instructor at the site of the presentation to supplement and control
				instruction in the course.
(g) Any
				other criteria that the Administrator deems appropriate.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.317 - Approval of course provided out of State

Current through June 11, 2024
1. Except as
				otherwise provided in NAC
				645C.315 regarding distance
				education courses, an appraiser may apply to the Administrator for the approval
				of a course of continuing education which is provided out of State if the
				appraiser has:
(a) Attended or will attend
				the course outside Nevada;
(b)
				Taken or will take the course within the period prescribed by
				NRS
				645C.430 for the renewal or reinstatement of
				his or her certificate or license; and
(c) Submitted an application on a form
				supplied by the Division accompanied by the applicable application fee for the
				annual approval of a course of instruction offered for continuing
				education.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.320 - Audit of course; period of approval; reapproval; withdrawal of approval

Current through June 11, 2024
1. The approval or reapproval of any course
				of continuing education by the Administrator is subject to a condition that the
				Division may audit the course.
The Administrator
'
s approval of a course for
				  continuing education is effective for 1 year after the original approval or a
				  reapproval.
2. A sponsor
				must apply for reapproval on a form provided by the Division and describe on
				that form any changes in the course. An application for reapproval must be
				filed at least 2 weeks before the previous approval expires and, if the sponsor
				does not do so, the sponsor must apply for an original approval.
3. The Division may reapprove a course if no
				changes in the course have occurred since the course was approved or
				reapproved.
4. Each of the
				following acts and conditions is a ground for the Administrator to withdraw his
				or her approval of a course:
(a) Poor quality
				of the curriculum or instruction, as shown by evaluations.
(b) Violation of any of the provisions of
				this chapter governing continuing education.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.322 - Withdrawal of approval of course after audit

Current through June 11, 2024
1. If
				the Division audits a course provided in Nevada and determines that the course
				does not meet the standards for courses of continuing education set forth in
				this chapter, the Division shall withdraw the approval of a course. Within 30
				days after the conduct of the audit, the Administrator shall give the school
				written notice that approval of the course has been withdrawn and shall provide
				specific reasons for the withdrawal. The withdrawal of the approval of a course
				is effective upon receipt of the written notice by the school.
2. The Division shall give credit for
				continuing education to a student who attended the course before the school
				received written notice of the withdrawal of the approval of the
				course.
3. The school may appeal
				the decision of the Division to withdraw approval of a course pursuant to this
				section by making a written demand to the Commission for a hearing within 20
				calendar days after the school receives the written notice pursuant to
				subsection 1.
4. The Commission
				will hold a hearing concerning withdrawal of approval of the course by the
				Division at its next regularly scheduled meeting and take one of the following
				actions:
(a) Affirm the decision of the
				Division to withdraw approval of the course;
(b) Suspend approval of the course for a
				limited period and under such conditions as the Commission deems appropriate;
				or
(c) Reverse the decision of the
				Division to withdraw approval of the course.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.325 - Duties of sponsors: Generally

Current through June 11, 2024
1. The sponsor of
				an approved course for the continuing education of licensees or holders of
				certificates shall:
(a) Not allow a licensee
				or holder of a certificate to pass the course by taking the examination without
				having the required attendance;
(b)
				Admit authorized personnel of the Division to audit and evaluate the
				presentation of the course; and
(c)
				Notify the Division within 15 calendar days after making any material change in
				the course.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.326 - Duties of sponsors: Electronic submission of information regarding completion of course

Current through June 11, 2024
Not later than 10 days after the completion of a course of
				  continuing education which has been approved by the Administrator, the sponsor
				  of the course shall submit electronically to the Division, in a format approved
				  by the Division, the information set forth in NAC
				  645C.303 for each registered
				  intern, licensee or holder of a permit or certificate who completed the course
				  to earn credit for continuing education.
Added to NAC by Comm'n
				  of Appraisers of Real Estate by R103-10, eff. 12-16-2010; A by
				  R176-18A,
				  eff. 5/21/2020
NRS
				  645C.210,
				  645C.440
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.330 - Qualifications of instructors

Current through June 11, 2024
1. An instructor of
				a course for continuing education must possess:
(a) A good reputation for honesty, integrity
				and trustworthiness; and
(b) At
				least one of the following qualifications, unless granted a special exemption
				by the Division:
(1) A
				bachelor
'
s degree in the field in which the person is
				instructing.
(2) Current experience
				teaching subjects relating to the appraisal of real estate in the Nevada System
				of Higher Education or another institution which awards degrees. The person
				must demonstrate to the satisfaction of the Division the academic training or
				work experience that qualifies him or her to teach the course of continuing
				education.
(3) Five years of
				full-time experience, other than in a secretarial position, working in a job
				directly related to the subject taught.
(4) Three years of experience teaching the
				specific subject.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.332 - Withdrawal of approval of instructor

Current through June 11, 2024
1. The Division may
				withdraw the approval of an instructor of a course of continuing education:
(a) If any licensing authority has taken
				disciplinary action against the instructor; or
(b) If, after an audit of the course and
				review of the evaluations of the course, the Division concludes that the
				instructor is not qualified to instruct the course.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.340 - Contents of advertising, promotional brochure or form for registration for course

Current through June 11, 2024
1. Any advertising,
				promotional brochure or form for registration for a course for continuing
				education must:
(a) Contain, in writing, the
				policy of the sponsor concerning cancellation and refunds; and
(b) Not contain any misrepresentation or
				misleading information.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.345 - Requirements for receipt of credit

Current through June 11, 2024
1. A licensee or
				holder of a certificate may receive credit for continuing education if he or
				she develops or teaches an approved course. Credit will be given:
(a) Once for developing the course; and
(b) Once during each applicable
				period of licensing or certification for teaching the
				course.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.350 - Allowable hours of credit

Current through June 11, 2024
The Administrator shall not allow more than 8 hours of credit
				  per day of instruction for courses of continuing education.
Added to NAC by Comm'n
				  of Appraisers of Real Estate, eff. 1-26-90; A by R100-03, 1-30-2004; A by
				  R176-18A,
				  eff. 5/21/2020
NRS
				  645C.210,
				  645C.440
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISERS OF REAL ESTATE › Continuing Education › Section 645C.355 - Credit for attending meeting of Commission

Current through June 11, 2024
The Administrator shall grant credit for continuing
				  education, not to exceed 6 hours, to a licensee or holder of a certificate once
				  during each period of licensing or certification if the following conditions
				  are met:
1. The licensee or holder of
				a certificate attends a single meeting of the Commission and the licensee or
				holder was not participating in or otherwise affiliated with a disciplinary
				hearing conducted by the Commission;
2. The Commission
'
s meeting
				lasted at least 2 hours; and
3. The
				Division certifies to the attendance of the licensee or holder of a
				certificate.
Added to NAC by Comm'n
				  of Appraisers of Real Estate, eff. 1-26-90; A 11-19-91; R100-03, 1-30-2004; A
				  by
				  R176-18A,
				  eff. 5/21/2020
NRS
				  645C.210,
				  645C.440
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISAL MANAGEMENT COMPANIES › Section 645C.370 - Definitions

Current through June 11, 2024
As used in NAC 645C.370 to 645C.391, inclusive, unless the
				context otherwise requires, the words and terms defined in NAC 645C.371 and
				645C.373 have the meanings ascribed to them in those sections.
Added to NAC by Comm'n
				of Appraisers of Real Estate by R091-09, eff.
				4-20-2010
NRS
				  645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISAL MANAGEMENT COMPANIES › Section 645C.371 - "Branch office" defined

Current through June 11, 2024
"Branch office" means any office of an appraisal management
				company, other than a principal office, from which an appraisal of property
				located in this State is ordered.
Added to NAC by Comm'n
				of Appraisers of Real Estate by R091-09, eff.
				4-20-2010
NRS
				  645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISAL MANAGEMENT COMPANIES › Section 645C.373 - "Principal office" defined

Current through June 11, 2024
"Principal office" means the headquarters or main office of an
				appraisal management company.
Added to NAC by Comm'n
				of Appraisers of Real Estate by R091-09, eff.
				4-20-2010
NRS
				  645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISAL MANAGEMENT COMPANIES › Section 645C.375 - Applicability: Assignment of more than nine appraisals annually to independent contractors in this State (Repealed)

Current through June 11, 2024
Added to NAC by Comm'n
				of Appraisers of Real Estate by R091-09, eff. 4-20-2010; R by
				R176-18A,
				eff. 5/21/2020
NRS
				645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISAL MANAGEMENT COMPANIES › Section 645C.377 - Application for initial registration

Current through June 11, 2024
1. An application
			 for the initial registration of an appraisal management company provided by the
			 Division must include the requirements pursuant to
			 NRS
			 645C.650, as amended by section 22 of Senate
			 Bill No. 39, chapter 91, Statutes of Nevada 2019, at page 483, and the
			 following information:
(a)
If the applicant is a natural person, the social security
				number of the applicant.
(b) If the applicant is not a natural person:
(1) The name, residence address, business
			 address and social security number of each person who will have at least a 10
			 percent ownership interest in the applicant as a principal, general partner,
			 director, officer or trustee; and
(2) The name of the qualified employee
			 designated by the applicant.
(c) The number of certified or licensed
			 appraisers in Nevada in the network or panel currently maintained by the
			 appraisal management company and, if applicable, the total number of certified
			 or licensed appraisers nationwide in the network or panel currently maintained
			 by the appraisal management company.
(d) Such other pertinent information as the
			 Division may require.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISAL MANAGEMENT COMPANIES › Section 645C.379 - Application for renewal of registration

Current through June 11, 2024
1. To renew a
			 registration as an appraisal management company, a registrant must submit to
			 the Division:
(a) An application for renewal
			 furnished by the Division;
(b) The
			 information required by
			 NRS
			 645C.665, as amended by section 24 of Senate
			 Bill No. 39, chapter 91, Statutes of Nevada 2019, at page 486;
(c) The information required by
			 NRS
			 645C.655; and
(d) The renewal fee required by NAC
			 645C.381.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISAL MANAGEMENT COMPANIES › Section 645C.381 - Application fees

Current through June 11, 2024
1. At the time an
			 applicant submits an application for the issuance or renewal of a registration
			 as an appraisal management company, the Division shall collect:
(a) For the issuance of an initial
			 registration, a fee of $2,500 and an additional fee of $100 for each branch
			 office of the applicant.
(b) For
			 the renewal of a registration, a fee of $500 and an additional fee of $100 for
			 each branch office of the applicant.
(c) The annual registry fee due to the
			 Appraisal Subcommittee of the Federal Financial Institutions Examination
			 Council pursuant to
			 12
			 U.S.C. §
										3338 or any rules or
			 regulations adopted thereunder. The annual registry fee must only be collected
			 from an appraisal management company that oversees a network or panel of more
			 than 15 appraisers in a state, or 25 or more appraisers nationally within a
			 given year. The registry fee is:
(1) For an
			 appraisal management company that has been in existence for more than a year:
(I) Twenty-five dollars multiplied by the
			 number of appraisers working for or contracting with the appraisal management
			 company and who have performed an appraisal in connection with a covered
			 transaction in this State within a given year; or
(II) If the amount of the annual registry fee
			 set forth in sub-subparagraph (I) is adjusted by the Appraisal Subcommittee
			 pursuant to
			 12
			 U.S.C. §
												3338, the amount of the
			 adjusted fee multiplied by the number of appraisers working for or contracting
			 with such appraisal management company who have performed an appraisal in
			 connection with a covered transaction in this State within a given
			 year.
(2) For an
			 appraisal management company that has been in existence for less than a year:
(I) Twenty-five dollars multiplied by the
			 number of appraisers working for or contracting with such appraisal management
			 company who have performed an appraisal in connection with a covered
			 transaction in this State since the commencement of the business; or
(II) If the amount of the annual registry fee
			 set forth in sub-subparagraph (I) is adjusted by the Appraisal Subcommittee
			 pursuant to
			 12
			 U.S.C. §
												3338, the amount of the
			 adjusted fee multiplied by the number of appraisers working for or contracting
			 with the appraisal management company who have performed an appraisal in
			 connection with a covered transaction in this State since the commencement of
			 the business.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISAL MANAGEMENT COMPANIES › Section 645C.383 - Registration of branch office expires on same day as registration of appraisal management company

Current through June 11, 2024
The registration of a branch office of an
			 appraisal management company expires on the same day as the registration of the
			 appraisal management company.
Added to NAC by Comm'n of
			 Appraisers of Real Estate by R091-09, eff.
			 4-20-2010
NRS
			 645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISAL MANAGEMENT COMPANIES › Section 645C.385 - Notification of change of address of principal office or branch office; cancellation of registration for failure to report

Current through June 11, 2024
1. An
			 appraisal management company shall notify the Division in writing of any change
			 in the address of its principal office or any branch office within 10 days
			 after the change.
2. If the
			 Division determines that an appraisal management company has discontinued
			 business at its principal office or any branch office, and the discontinuation
			 has not been reported to the Division by the appraisal management company, the
			 Division may cancel the registration of the appraisal management
			 company.
Added to NAC by Comm'n of
			 Appraisers of Real Estate by R091-09, eff.
			 4-20-2010
NRS
			 645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISAL MANAGEMENT COMPANIES › Section 645C.387 - Appraisal management company to establish process to review work of independent contractors

Current through June 11, 2024
1. An appraisal
			 management company shall establish and maintain a process to review the work of
			 each independent contractor who provides services to the appraisal management
			 company to ensure that those services are conducted in accordance with the
			 USPAP .
2. The review process
			 required by this section must include the review of the work of each
			 independent contractor who provides services to the appraisal management
			 company by a person who is a licensed appraiser or certified appraiser in good
			 standing in this State.
3. The
			 review process must ensure that all appraisals are conducted independently as
			 required by the appraisal independence requirements established under section
			 129 of the Truth in Lending Act,
			 15 U.S.C. §
									1639e, and any regulations
			 thereunder.
4. The review process
			 must ensure that the appraisal management company is selecting an appraiser who
			 has the requisite education, expertise and experience necessary to competently
			 complete the appraisal assignment for the particular market and property
			 type.
Added to NAC by Comm'n of
			 Appraisers of Real Estate by R091-09, eff. 4-20-2010; A by
			 R176-18A,
			 eff. 5/21/2020
NRS
			 645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISAL MANAGEMENT COMPANIES › Section 645C.389 - Disclosure of money paid to appraiser and retained by appraisal management company

Current through June 11, 2024
1. An appraisal
			 management company shall disclose to an appraiser who has performed an
			 appraisal as an independent contractor for the appraisal management company the
			 total amount of money, expressed as a dollar amount:
(a) Paid to the appraiser; and
(b) Retained by the appraisal management
			 company,
in connection with the appraisal.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › APPRAISAL MANAGEMENT COMPANIES › Section 645C.391 - Notice to Division of location of records; record of requests for appraisal services

Current through June 11, 2024
1. An appraisal
			 management company shall give written notice to the Division of the exact
			 location of the records of the appraisal management company and may not remove
			 the records until the appraisal management company has delivered a notice which
			 informs the Division of the new location of the records.
2. An appraisal management company shall
			 maintain a detailed record of each request for appraisal services it receives
			 and the appraiser who fulfills the request. The record must include the license
			 or certificate number of the appraiser who fulfills the request for appraisal
			 services.
Added to NAC by Comm'n of
			 Appraisers of Real Estate by R091-09, eff.
			 4-20-2010
NRS
			 645C.210,
			 645C.650
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › STANDARDS OF PRACTICE › Section 645C.400 - Adoption of professional standards by reference; review of revisions

Current through June 11, 2024
1. The Commission hereby adopts by reference
			 the most recent edition of the Uniform Standards of Professional Appraisal
			 Practice adopted by the Appraisal Standards Board of The Appraisal Foundation .
			 The Uniform Standards of Professional Appraisal Practice may be obtained from
			 The Appraisal Foundation, 1155 15th Street, NW, Ste. 1111, Washington, D.C.
			 20005, or at
www.appraisalfoundation.org
, for the price of $75.
2. If the
			 publication adopted by reference pursuant to subsection 1 is revised, the
			 Commission will review the revision to determine its suitability for this
			 State. If the Commission determines that the revision is not suitable for this
			 State, the Commission will hold a public hearing to review its determination
			 and give notice of that hearing within 30 days after the date of the
			 publication of the revision. If, after the hearing, the Commission does not
			 revise its determination, the Commission will give notice that the revision is
			 not suitable for this State within 30 days after the hearing. If the Commission
			 does not give such notice, the revision becomes part of the publication adopted
			 by reference pursuant to subsection 1.
Added to NAC by Comm'n of
			 Appraisers of Real Estate, eff. 1-26-90; A 11-19-91; R017-98, 10-23-98;
			 R100-03, 1-30-2004; R158-05, 9-18-2006; A by
			 R176-18A,
			 eff. 5/21/2020
NRS
			 645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › STANDARDS OF PRACTICE › Section 645C.405 - Determination of unprofessional conduct or professional incompetence of licensed or certified appraiser or registered intern

Current through June 11, 2024
In determining whether a licensed
			 or certified appraiser or registered intern is guilty of unprofessional conduct
			 or professional incompetence, the Commission will consider, among other things,
			 whether the appraiser or intern:
1.
			 Has failed to prepare an appraisal in compliance with the
USPAP
;
2. Has done
			 his or her utmost to protect the public against fraud, misrepresentation or
			 unethical practices related to real estate or appraisals;
3. Has ascertained all pertinent facts that
			 may be reasonably ascertained concerning any property for which he or she
			 prepares an appraisal;
4. Has
			 attempted to make an appraisal of any property outside of his or her field of
			 experience or competence without the assistance of a qualified authority,
			 unless the facts of his or her lack of experience or competence are fully
			 disclosed in writing to his or her client;
5. Has adequately documented any required
			 disclosures of his or her interest in any property with which the appraiser or
			 intern is dealing;
6. Has kept
			 informed of current statutes and regulations governing appraisals, real estate,
			 time shares and related fields in which he or she provides appraisal
			 services;
7. Properly applies
			 federal and state laws governing the protection of customers;
8. Has acquired knowledge of all material
			 facts that are reasonably ascertainable and are of customary or express concern
			 and has conveyed that knowledge to his or her client; and
9. Has completed an appraisal assignment for
			 an appraisal management company that is not registered in this State with the
			 knowledge that the appraisal management company is not registered in this
			 State.
Added to NAC by Comm'n of
			 Appraisers of Real Estate, eff. 1-26-90; A 11-19-91; R017-98, 10-23-98;
			 R100-03, 1-30-2004; R158-05, 9-18-2006; R091-09,
			 4-20-2010
NRS
			 645C.210,
			 645C.460
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › STANDARDS OF PRACTICE › Section 645C.415 - Advertising

Current through June 11, 2024
1. In any advertisement through which a
			 licensee or holder of a certificate offers to perform services for which a
			 license or certificate is required by chapter 645C of NRS, he or she shall
			 disclose:
(a) The name under which he or she
			 is licensed or certified;
(b) The
			 name under which he or she does business;
(c) The type of license or certificate he or
			 she holds ; and
(d) The license or
			 certificate number he or she holds.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › STANDARDS OF PRACTICE › Section 645C.425 - Disclosure of status in transactions concerning real property

Current through June 11, 2024
A
			 licensed or certified appraiser or registered intern shall not acquire or
			 dispose of any real property or an interest in any real property for himself or
			 herself, any member of his or her immediate family, his or her firm, or any
			 member thereof, or any entity in which he or she has an interest as owner
			 unless he or she first discloses in writing to each party to the transaction
			 that he or she is a licensed or certified appraiser or registered intern. The
			 disclosure must be made even though the appraiser is on inactive status.
Added to NAC by Comm'n of
			 Appraisers of Real Estate, eff. 1-26-90; A
			 11-19-91
NRS
			 645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › STANDARDS OF PRACTICE › Section 645C.430 - Maintenance and inspection of records

Current through June 11, 2024
1. An appraiser
			 shall keep a copy of the appraisal report, work file and any other pertinent
			 information relating to each appraisal the appraiser conducts for at least 5
			 years after the completion of the appraisal or at least 2 years following any
			 litigation, whichever period expires last. Only one set of files need be
			 maintained, but the information must be available to all participating
			 appraisers.
2. An appraisal
			 management company shall keep a copy of the appraisal report provided to the
			 client for at least 5 years after the completion of the appraisal or at least 2
			 years following any litigation, whichever period expires last.
3. If a citizen
'
s complaint
			 or a formal complaint is filed, the Division may require an appraiser or
			 appraisal management company to maintain all records relating to the complaint
			 until the issue is resolved.
4. All
			 appraisals conducted by an appraiser must be numbered consecutively or indexed
			 to permit an audit by a representative of the Division.
5. The appraisal report, work file and other
			 pertinent information relating to an appraisal must be open to inspection and
			 audit by the Division upon its request during its usual business hours, as well
			 as other hours during which the appraiser regularly conducts his or her
			 business. 6. The appraiser or appraisal management company shall give written
			 notice to the Division of the exact location of the
			 appraiser
'
s or appraisal management company
'
s
			 records and may not remove them until he or she has delivered a notice which
			 informs the Division of the new location.
Added to NAC by Comm'n of
			 Appraisers of Real Estate, eff. 1-26-90; A by
			 R176-18A,
			 eff. 5/21/2020
NRS
			 645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › STANDARDS OF PRACTICE › Section 645C.440 - Cooperation in inspections and audits

Current through June 11, 2024
An appraiser, appraisal management company or
			 intern shall, upon demand, provide the Division with the documents and the
			 permission necessary to complete fully an inspection and audit of the records
			 of the appraiser, appraisal management company or intern.
Added to NAC by Comm'n of
			 Appraisers of Real Estate, eff. 1-26-90; A by R091-09,
			 4-20-2010
NRS
			 645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › STANDARDS OF PRACTICE › Section 645C.450 - Correction of deficiencies: Notice; time; failure to comply

Current through June 11, 2024
1. The Division may grant any appraiser,
			 appraisal management company or intern up to 10 calendar days to correct any
			 deficiency involving advertising, the location of the business of the
			 appraiser, appraisal management company or intern, the office operation of the
			 appraiser, appraisal management company or intern or an appraiser's sign. A
			 notice of the deficiency and a request to correct a deficiency must be mailed
			 to the licensee, holder of a certificate or holder of a registration as an
			 appraisal management company. Failure to comply with the request may be grounds
			 for the suspension or revocation of a license or certificate or a registration
			 as an appraisal management company. The notice must be sent on a form provided
			 by the Division and state the deficiencies or violations, the recommended
			 action and the date by which the deficiencies must be corrected.
2. The Division may grant an extension for a
			 definite time to correct the deficiency whenever the correction may,
			 practicably, require additional time.
Added to NAC by Comm'n of
			 Appraisers of Real Estate, eff. 1-26-90; A 11-19-91; R091-09,
			 4-20-2010
NRS
			 645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › PRACTICE BEFORE THE COMMISSION OF APPRAISERS OF REAL ESTATE › Section 645C.475 - Petitions to adopt, file, amend or repeal regulations

Current through June 11, 2024
1. Any person may by petition request the
			 Commission to adopt, file, amend or repeal a regulation. The petition must
			 include:
(a) The name and address of the
			 petitioner;
(b) A clear and concise
			 statement of the proposed language of the regulation to be adopted, filed,
			 amended or repealed, as applicable;
(c) The reason for the petition;
			 and
(d) The statutory authority for
			 the adoption, filing, amendment or repeal of the regulation.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › PRACTICE BEFORE THE COMMISSION OF APPRAISERS OF REAL ESTATE › Section 645C.480 - Form for citizens' complaints; investigations; procedure following investigation

Current through June 11, 2024
1. The Division
			 shall prepare a standard form or affidavit for use in making a citizen's
			 complaint. This form may require any information the Division considers
			 pertinent.
2. If a citizen's
			 complaint is made or the Division requests an investigation of an appraiser,
			 the Administrator shall appoint a member of the staff of the Division to
			 investigate any action of an appraiser which appears to violate a provision of
			 chapter 116, 119, 119A, 645, 645C or 645D of NRS or the regulations adopted
			 pursuant thereto. An investigation that is initiated by a complaint need not be
			 limited to the matter in the complaint.
3. The Division may accept written anonymous
			 complaints. If an anonymous complaint includes sufficient information
			 indicating that a violation of any provision of chapter 116, 119, 119A, 645,
			 645C or 645D of NRS, or of any regulation adopted pursuant thereto, has likely
			 occurred, the Administrator shall appoint a member of the staff of the Division
			 to investigate the complaint. Such an investigation is not limited to the
			 matter in the complaint.
4. An
			 appraiser or intern shall disclose all facts and documents pertinent to an
			 investigation to members of the Division's staff conducting the
			 investigation.
5. A person
			 appointed to investigate a matter pursuant to this section shall submit a
			 written report to the Administrator which describes the results of the
			 investigation.
6. The Administrator
			 shall review a report submitted pursuant to subsection 5 and based upon the
			 review shall:
(a) Create an advisory committee
			 to review the matter that is the subject of the investigation pursuant to NAC
			 645C.600, if the appraiser who is the subject of the investigation agrees to
			 participate in an informal conference with an advisory committee;
(b) Schedule a hearing that must be conducted
			 pursuant to NAC 645C.500; or
(c)
			 Negotiate a resolution of the matter with the appraiser who is the subject of
			 the investigation, which may include, without limitation, the disciplinary
			 actions described in subsection 2 of NRS
			 NRS
			 645C.460 and an agreement for the voluntary
			 surrender of a license or certificate in lieu of disciplinary action. A
			 resolution negotiated pursuant to this paragraph is subject to the approval of
			 the Commission.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › PRACTICE BEFORE THE COMMISSION OF APPRAISERS OF REAL ESTATE › Section 645C.485 - Amendment and withdrawal of complaints

Current through June 11, 2024
1. A complaint may
			 be amended at any time.
2. The
			 Commission will grant a continuance if the amendment materially alters the
			 complaint or a respondent demonstrates an inability to prepare for the case in
			 a timely manner.
3. A complaint may
			 be withdrawn at any time before the hearing begins.
Added to NAC by Comm'n of
			 Appraisers of Real Estate by R100-03, eff.
			 1-30-2004
NRS
			 645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › PRACTICE BEFORE THE COMMISSION OF APPRAISERS OF REAL ESTATE › Section 645C.490 - Motions

Current through June 11, 2024
1. All motions, unless made during a hearing,
			 must be in writing.
2. A written
			 motion must be served on the opposing party and the Commission at least 10
			 working days before the time set for the hearing on the motion.
3. An opposing party may file a written
			 response to a motion within 7 working days after the receipt of the motion by
			 serving the written response on all parties and the Commission, except that a
			 written response may be filed less than 3 working days before the time set for
			 the hearing on the motion only with the permission of the Commission upon good
			 cause shown.
4. The Commission may
			 require oral argument or the submission of additional information or evidence
			 to decide the motion.
5. The
			 President of the Commission may decide a motion submitted to the Commission
			 before the hearing begins.
Added to NAC by Comm'n of
			 Appraisers of Real Estate by R100-03, eff.
			 1-30-2004
NRS
			 645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › PRACTICE BEFORE THE COMMISSION OF APPRAISERS OF REAL ESTATE › Section 645C.493 - Submission or exclusion of documentary evidence of respondent

Current through June 11, 2024
1. Not less than 5 working days before a
			 hearing before the Commission, the respondent must provide to the Division a
			 copy of all documents that are reasonably available to the respondent which the
			 respondent reasonably anticipates will be used in support of his or her
			 position. The respondent shall promptly supplement and update any such
			 documents.
2. The respondent shall
			 provide, at the time of the hearing, 10 copies of each document he or she
			 wishes to have admitted into evidence at the hearing.
3. If the respondent fails to provide any
			 document required to be provided by the provisions of this section, the
			 Commission may exclude the document.
Added to NAC by Comm'n of
			 Appraisers of Real Estate by R100-03, eff.
			 1-30-2004
NRS
			 645C.210
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › PRACTICE BEFORE THE COMMISSION OF APPRAISERS OF REAL ESTATE › Section 645C.497 - Rules of evidence

Current through June 11, 2024
1. In conducting
			 any investigation, inquiry or hearing, the Commission is not bound by the
			 technical rules of evidence, and any informality in any proceeding or in the
			 manner of taking testimony will not invalidate any order or decision of the
			 Commission. The rules of evidence of courts of this State will be followed
			 generally but may be relaxed at the discretion of the presiding officer or
			 Commission if deviation from the technical rules of evidence will aid in
			 determining the facts.
2. Any
			 evidence offered at the hearing must be material and relevant to the issues of
			 the hearing.
3. The Commission may
			 exclude inadmissible, incompetent, repetitious or irrelevant evidence or order
			 that the presentation of that evidence be discontinued.
4. A party who objects to the introduction of
			 evidence shall briefly state the grounds of the objection at the time the
			 evidence is offered. The party who offers the evidence may present rebuttal
			 evidence.
5. If an objection is
			 made to the admissibility of evidence, the Commission may:
(a) Note the objection and admit the
			 evidence;
(b) Sustain the objection
			 and refuse to admit the evidence; or
(c) Receive the evidence which is subject to
			 a subsequent ruling by the Commission.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › PRACTICE BEFORE THE COMMISSION OF APPRAISERS OF REAL ESTATE › Section 645C.500 - Hearings: Procedure; date of decision; default

Current through June 11, 2024
1. The
			 presiding officer of a hearing shall:
(a)
			 Ascertain whether all persons ordered to appear under subpoena are present, and
			 whether all documents, books, records and other evidence under subpoena are
			 present in the hearing room.
(b)
			 Administer the oath to the reporter as follows:
Do you solemnly swear or
			 affirm that you will report this hearing to the best of your stenographic
			 ability?
(c) Administer the
			 oath to all persons whose testimony will be taken as follows:
Do you and
			 each of you solemnly swear or affirm to tell the truth and nothing but the
			 truth in these proceedings?
(d) Ascertain whether either party desires to
			 have a witness excluded from the hearing room until he or she is called. A
			 witness may be excluded upon the motion of the Commission or upon the motion of
			 either party.
(e) Ascertain whether
			 a copy of the formal complaint or decision to deny has been filed and whether
			 an answer has been filed as part of the record in the proceedings.
(f) Request the Division to proceed with the
			 presentation of its case.
Nevada Administrative Code › Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies › PRACTICE BEFORE THE COMMISSION OF APPRAISERS OF REAL ESTATE › Section 645C.502 - Hearings: Failure of party to appear

Current through June 11, 2024
If a party fails to appear at a hearing
			 scheduled by the Commission and a continuance has not been requested or
			 granted, upon an offer of proof by the Division that the absent party was given
			 proper notice and upon a determination by the Commission that proper notice was
			 given, the Commission may proceed to consider the case without the
			 participation of the absent party and may dispose of the matter on the basis of
			 the evidence before it. If the respondent fails to appear at the hearing or
			 fails to reply to the notice, the charges specified in the complaint may be
			 considered as true.
Added to NAC by Comm'n of
			 Appraisers of Real Estate by R100-03, eff.
			 1-30-2004
NRS
			 645C.210