reglab/statecodes huggingface dataset:
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 2 - APPLICATION FOR APPRENTICE › Section 16.62.2.8 - TRAINEE

Current through Register Vol. 35, No. 13, July 16, 2024
A holder of a trainee registration, but not a license or certificate, is authorized to prepare appraisals of all types of real estate or real property, provided such appraisals are not described or referred to as "state licensed" or "state certified" and provided further, the trainee appraiser does not assume or use any title, designation or abbreviation likely to create the impression that he/she is a state-licensed or state-certified real estate appraiser. Trainees are not qualified to perform under FIRREA, Title XI. An applicant for trainee real estate appraiser registration in the state of New Mexico must:
A. Criminal history background check: All applicants for initial issuance or reinstatement of a certificate and license in New Mexico shall be required to be fingerprinted to establish positive identification for a state and federal criminal history background check.
(1) The applicant will register online, through the approved department of public safety website, with the board's Originating Agency Identification (ORI) number and make payment with registration. After the process is complete, the applicant will receive a registration confirmation.
(2) Results will be sent to the board electronically. The board shall not issue a certificate or license until the applicant's background check has been successfully completed.
(3) Out-of-State applicants, who are unable to visit an approved live scan fingerprinting facility, may follow the same registration process and submit a hardcopy fingerprint card to the approved live scan fingerprinting facility. The results will be sent to the board electronically. The board shall not issue a certificate or license until the applicant's background check has been successfully completed.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 2 - APPLICATION FOR APPRENTICE › Section 16.62.2.9 - SUPERVISING APPRAISER/TRAINEE

Current through Register Vol. 35, No. 13, July 16, 2024
A. Supervision of trainees: An appraiser may engage a declared trainee to assist in the performance of real estate appraisals and related activities, provided the supervising real estate appraiser:
(1) has been state certified and in good standing for a period of at least three years, whether in New Mexico or another domestic jurisdiction of comparable real estate appraisal laws and regulations, prior to being eligible to become a supervising appraiser. A supervising appraiser does not need to have been state-certified and in good standing in New Mexico for any specific minimum period of time;
(2) shall not have been subject to any disciplinary action in any jurisdiction within the last three years that affected the supervising appraiser's legal eligibility to engage in appraisal practice. A supervisory appraiser subject to a disciplinary action shall be considered to have been in good standing three years after the successful completion or termination of any and all sanctions imposed against the appraiser;
(3) has no more than three trainees working under his/her supervision at one time;
(4) actively supervises the trainee by either being physically present or by a form of electronic communication; and
(5) is competent pursuant to USPAP in all appraisals supervised.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 3 - APPLICATION FOR LICENSED RESIDENTIAL › Section 16.62.3.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Regulation and Licensing Department - NM Real Estate
				  Appraisers Board.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 3 - APPLICATION FOR LICENSED RESIDENTIAL › Section 16.62.3.2 - SCOPE

Current through Register Vol. 35, No. 13, July 16, 2024
All trainee real estate appraisers, licensed residential real
				  estate appraisers, residential certified real estate appraisers, general
				  certified real estate appraisers and temporary licensed or certified real
				  estate appraisers.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 3 - APPLICATION FOR LICENSED RESIDENTIAL › Section 16.62.3.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
These rules are promulgated pursuant to the Real Estate Appraisers Act, Section  61-30-1 to Section  61-30-24, NMSA 1978.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 3 - APPLICATION FOR LICENSED RESIDENTIAL › Section 16.62.3.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
October 1, 1997, unless a later date is cited at the end of a
				  section.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 3 - APPLICATION FOR LICENSED RESIDENTIAL › Section 16.62.3.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
This part provides requirements for making application for
				  licensure as a real estate appraiser.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 3 - APPLICATION FOR LICENSED RESIDENTIAL › Section 16.62.3.8 - LICENSED RESIDENTIAL

Current through Register Vol. 35, No. 13, July 16, 2024
Licensed Residential real estate appraisers may appraise complex residential or nonresidential real estate provided such appraisals are not described or referred to as meeting the requirements of FIRREA. Licensed Residential real estate appraisers may not assume or use any title, designation or abbreviation likely to create the impression of certification.
A. For federally related transactions, the licensed residential real estate appraiser classification applies to the appraisal of non-complex one to four residential units having a transaction value less than $1,000,000 and complex one to four residential units having a transaction value less than $400,000.
B. Complex one-to four-family residential property appraisal means one in which the property to be appraised, the form of ownership, or the market conditions are atypical. For non-federally related transaction appraisals, transaction value shall mean market value.
C. All licensed residential real estate appraisers must comply with the competency rule of the national uniform standards of professional appraisal practice (USPAP)
D. Applicants for licensed residential in the state of New Mexico must.
(1) Criminal history background check: All applicants for initial issuance or reinstatement of a certificate and license in New Mexico shall be required to be fingerprinted to establish positive identification for a state and federal criminal history background check.
(a) The applicant will register online, through the approved Department of Public Safety website, with the board's Originating Agency Identification (ORI) number and make payment with registration. After the process is complete, the applicant will receive a registration confirmation.
(b) Results will be sent to the board electronically. The board shall not issue a certificate or license until the applicant's background check has been successfully completed.
(c) Out-of-State applicants, who are unable to visit an approved live scan fingerprinting facility, may follow the same registration process and submit a hardcopy fingerprint card to the approved live scan fingerprinting facility. The results will be sent to the board electronically. The board shall not issue a certificate or license until the applicant's background check has been successfully completed.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 4 - APPLICATION FOR RESIDENTIAL CERTIFICATE › Section 16.62.4.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Regulation and Licensing Department - NM Real Estate
				  Appraisers Board.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 4 - APPLICATION FOR RESIDENTIAL CERTIFICATE › Section 16.62.4.2 - SCOPE

Current through Register Vol. 35, No. 13, July 16, 2024
All trainee real estate appraisers, licensed residential real
				  estate appraisers, residential certified real estate appraisers, general
				  certified real estate appraisers and temporary licensed or certified real
				  estate appraisers.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 4 - APPLICATION FOR RESIDENTIAL CERTIFICATE › Section 16.62.4.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
These rules are promulgated pursuant to the Real Estate Appraisers Act, Section  61-30-1 to Section  61-30-24, NMSA 1978.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 4 - APPLICATION FOR RESIDENTIAL CERTIFICATE › Section 16.62.4.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
October 1, 1997, unless a later date is cited at the end of a
				  section.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 4 - APPLICATION FOR RESIDENTIAL CERTIFICATE › Section 16.62.4.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
This provides requirements for making application for
				  certification as a residential certified real estate
				  appraiser.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 4 - APPLICATION FOR RESIDENTIAL CERTIFICATE › Section 16.62.4.8 - RESIDENTIAL CERTIFICATION

Current through Register Vol. 35, No. 13, July 16, 2024
A holder of a residential certificate is eligible to prepare appraisals of all residential real estate for federally related transactions or other uses. He/she may appraise nonresidential real estate provided such appraisals are not described or referred to as meeting the requirements of FIRREA. The holder of a residential certificate may not assume or use any title, designation or abbreviation likely to create the impression of general certification.
A. The certified residential real estate appraiser classification qualifies the appraiser to appraise one to four residential units without regard to value or complexity. The classification includes the appraisal of vacant or unimproved land that is utilized for one to four family purposes or for which the highest and best use is for one to four family purposes. The classification does not include the appraisal of subdivisions for which a development analysis/appraisal is necessary.
B. All certified residential real estate appraisers must comply with the competency rule of the national uniform standards of professional appraisal practice (USPAP).
C. Applicants for certification in residential appraisal in the state of New Mexico must:
(1) Criminal history background check: All applicants for initial issuance or reinstatement of a certificate and license in New Mexico shall be required to be fingerprinted to establish positive identification for a state and federal criminal history background check.
(a) The applicant will register online, through the approved department of public safety website, with the board's Originating Agency Identification (ORI) number and make payment with registration. After the process is complete, the applicant will receive a registration confirmation.
(b) Results will be sent to the board electronically. The board shall not issue a certificate or license until the applicant's background check has been successfully completed.
(c) Out-of-State applicants, who are unable to visit an approved live scan fingerprinting facility, may follow the same registration process and submit a hardcopy fingerprint card to the approved live scan fingerprinting facility. The results will be sent to the board electronically. The board shall not issue a certificate or license until the applicant's background check has been successfully completed.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 5 - APPLICATION FOR GENERAL CERTIFICATE › Section 16.62.5.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Regulation and Licensing Department - NM Real Estate
				  Appraisers Board.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 5 - APPLICATION FOR GENERAL CERTIFICATE › Section 16.62.5.2 - SCOPE

Current through Register Vol. 35, No. 13, July 16, 2024
All trainee real estate appraisers, licensed residential real
				  estate appraisers, residential certified real estate appraisers, general
				  certified real estate appraisers and temporary licensed or certified real
				  estate appraisers.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 5 - APPLICATION FOR GENERAL CERTIFICATE › Section 16.62.5.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
These rules are promulgated pursuant to the Real Estate Appraisers Act, Section  61-30-1 to Section  61-30-24, NMSA 1978.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 5 - APPLICATION FOR GENERAL CERTIFICATE › Section 16.62.5.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
October 1, 1997, unless a later date is cited at the end of a
				  section.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 5 - APPLICATION FOR GENERAL CERTIFICATE › Section 16.62.5.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
This provides requirements for making application for
				  certification as a general certified real estate appraiser.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 5 - APPLICATION FOR GENERAL CERTIFICATE › Section 16.62.5.8 - GENERAL CERTIFICATE

Current through Register Vol. 35, No. 13, July 16, 2024
A holder of a general certificate may prepare appraisals on all real estate and may indicate that such appraisals are state certified.
A. All certified general real estate appraisers must comply with the competency rule of the national uniform standards of professional practice (USPAP).
B. Applicants for the general certificate in the state of New Mexico must:
(1) Criminal history background check: All applicants for initial issuance or reinstatement of a certificate and license in New Mexico shall be required to be fingerprinted to establish positive identification for a state and federal criminal history background check.
(a) The applicant will register online, through the approved department of public safety website, with the board's Originating Agency Identification (ORI) number and make payment with registration. After the process is complete, the applicant will receive a registration confirmation.
(b) Results will be sent to the board electronically. The board shall not issue a certificate or license until the applicant's background check has been successfully completed.
(c) Out-of-State applicants, who are unable to visit an approved live scan fingerprinting facility, may follow the same registration process and submit a hardcopy fingerprint card to the approved live scan fingerprinting facility. The results will be sent to the board electronically. The board shall not issue a certificate or license until the applicant's background check has been successfully completed.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 6 - EXAMINATIONS › Section 16.62.6.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Regulation and Licensing Department - NM Real Estate
				  Appraisers Board.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 6 - EXAMINATIONS › Section 16.62.6.2 - SCOPE

Current through Register Vol. 35, No. 13, July 16, 2024
All trainee real estate appraisers, licensed residential real
				  estate appraisers, residential certified real estate appraisers, general
				  certified real estate appraisers and temporary licensed or certified real
				  estate appraisers.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 6 - EXAMINATIONS › Section 16.62.6.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
These rules are promulgated pursuant to the Real Estate Appraisers Act, Section  61-30-1 to Section  61-30-24, NMSA 1978.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 6 - EXAMINATIONS › Section 16.62.6.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
January 14, 2000, unless a later date is cited at the end of
				  a section.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 6 - EXAMINATIONS › Section 16.62.6.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
This part provides for a national examination on real estate
				  appraisal as a requirement for licensure or certification and for a state
				  examination on state law and rules as a requirement for registration, licensure
				  or certification.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 6 - EXAMINATIONS › Section 16.62.6.8 - EXAMINATION REQUIREMENTS

Current through Register Vol. 35, No. 13, July 16, 2024
All candidates for licensure or certification must successfully complete the appraiser qualifications board endorsed uniform state certifications/licensing examination or its equivalent.
A. The examination will be approved by the appraisal qualifications board of the appraisal foundation and will cover standard appraisal concepts.
B. Prior to issuance of an examination ticket, all credible education hours, qualifying experience credit, and the experience log, must be verified and found to be completed in full and acceptable to the board.
C. An applicant for licensing or certification will be denied and the results of the examination will be invalidated if: the applicant uses or possesses anything that gives the applicant an advantage other than silent, cordless, non-programmable calculator, Hewlett Packard calculator 12C or its equivalent; the applicant gives or receives any kind of aid during the examination; or someone other than the applicant takes the test or attempts to take the test for the applicant.
D. All calculator memories must be cleared before the examination. Operating manuals will not be allowed at the testing site.
E. The board will administer an examination on the New Mexico Real Estate Appraisers Act and board rules and regulations known as the state board jurisprudence examination which will require a score of seventy percent or more for a passing grade. This jurisprudence examination shall be taken during initial application for no charge, the exam may be taken until a passing grade is achieved in order to proceed with the application process.
F. The applicant must take the examination prescribed by the board.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Regulation and Licensing Department - NM Real Estate
				  Appraisers Board.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.2 - SCOPE

Current through Register Vol. 35, No. 13, July 16, 2024
All trainee real estate appraisers, licensed residential real
				  estate appraisers, residential certified real estate appraisers, general
				  certified real estate appraisers and temporary licensed or certified real
				  estate appraisers.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
These rules are promulgated pursuant to the Real Estate Appraisers Act, Section  61-30-1 to Section  61-30-24, NMSA 1978.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
October 1, 1997, unless a later date is cited at the end of a
				  section.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
This part establishes guidelines for the issuance of initial
				  licenses, provides requirements for license renewal and license expiration,
				  licensee requirements and responsibilities, establishes continuing education
				  requirements and guidelines for reinstatement of an expired
				  license.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.8 - INITIAL LICENSE ISSUANCE

Current through Register Vol. 35, No. 13, July 16, 2024
Initial licenses expire on April 30 in the second year of
				  licensure. No license will be issued for longer than 24 months . Applications
				  for licensure are valid for one year from the date of
				  receipt.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.9 - RENEWAL PERIOD AND EXPIRATION

Current through Register Vol. 35, No. 13, July 16, 2024
All licenses will expire every two years on April
				  30.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.10 - RENEWAL PROCESS

Current through Register Vol. 35, No. 13, July 16, 2024
A. A
				completed renewal application, accompanied by the required fee as defined in
				16.62.12.8 NMAC
				and completion of 28 hours of continuing education, is required. Renewal
				applications may be submitted online or by mail, and must be completed,
				post-marked or delivered to the board office on or before April 30 of the
				renewal year.
B. Deferrals may not
				be granted to credential holders, except in the case of individuals returning
				from active military duty. Licensees returning from active military duty may be
				placed in active status for a period of up to 90 days pending completion of all
				continuing education requirements.
C. The board shall audit a percentage of
				renewal applications each renewal period to verify the continuing education
				requirement has been met. The licensee must maintain proof in the form of
				certificates issued by the education providers (transcripts not acceptable) of
				continuing education courses taken for the past four years. The board reserves
				the right to audit a licensee's continuing education records as it deems
				necessary.
D. As part of the
				renewal process, applicants are required to attest that they have reviewed and
				are familiar with Real Estate Appraisers rules 16.62.1 NMAC through 16.62.18
				NMAC.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.11 - LICENSEE RESPONSIBILITY

Current through Register Vol. 35, No. 13, July 16, 2024
A.
				The board assumes no responsibility for renewal applications not received by
				the licensee for any reason. It is the licensee's responsibility to make a
				timely request for the renewal form if one has not been received thirty days
				prior to license expiration.
B. It
				is the sole responsibility of the licensee to maintain records of the
				qualifying education they have completed.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.12 - REQUIRED CONTINUING EDUCATION

Current through Register Vol. 35, No. 13, July 16, 2024
A. Twenty-eight hours as defined in 16.62.8.7 NMAC of continuing education in courses approved by the board, which must include the appraisal qualification board (AQB) approved seven-hour national uniform standards of professional appraisal practice (USPAP) update course, are required in each two-year renewal period.
B. For continuing education cycle periods of 185 days to 365 days, 14 hours of continuing education is required. For continuing education cycle periods of less than 185 days, no hours of continuing education are required.
C. Effective with the first biennial renewal period and each subsequent renewal, a seven hour class in the national uniform standards of professional appraisal practice update course is required as part of the continuing education requirement. Successful completion includes passing an exam, if required, by the appraiser qualifications board (AQB).
D. Educational offerings taken by an individual in order to fulfill the class hour requirement for a different classification than his/her current classification may be simultaneously counted towards the continuing education requirement of his/her current classification.
E. Credit towards the continuing education hour requirements for each appraiser classification may be granted only where the length of the educational offering is at least two hours.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.13 - RENEWAL AFTER DEADLINE

Current through Register Vol. 35, No. 13, July 16, 2024
A license not renewed on the renewal date is
				  expired.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.14 - REINSTATEMENT OF EXPIRED LICENSE

Current through Register Vol. 35, No. 13, July 16, 2024
An expired license may be reinstated within 30 days after expiration upon:
A. submission of an application,
B. payment of the required biennial renewal fee,
C. proof of completion of all required continuing education hours that would have been required if the credential holder were in an active status. The required hours must also include the most recent edition of the seven-hour national USPAP update course (or its AQB-approved equivalent),
D. payment of the administrative reinstatement fee,
E. Criminal history background check: All applicants for initial issuance or reinstatement of a certificate and license in New Mexico shall be required to be fingerprinted to establish positive identification for a state and federal criminal history background check.
(1) The applicant will register online, through the approved department of public safety website, with the board's Originating Agency Identification (ORI) number and make payment with registration. After the process is complete, the applicant will receive a registration confirmation.
(2) Results will be sent to the board electronically. The board shall not issue a certificate or license until the applicant's background check has been successfully completed.
(3) Out-of-State applicants, who are unable to visit an approved live scan fingerprinting facility, may follow the same registration process and submit a hardcopy fingerprint card to the approved live scan fingerprinting facility. The results will be sent to the board electronically. The board shall not issue a certificate or license until the applicant's background check has been successfully completed.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.15 - CHANGE OF MAILING ADDRESS , PHYSICAL BUSINESS ADDRESS AND E-MAIL ADDRESS

Current through Register Vol. 35, No. 13, July 16, 2024
A trainee, license or certificate holder shall report to the
				  board in writing any change of mailing, physical business, and e-mail address.
				  Failure to do so within 30 days is grounds for trainee, license or certificate
				  suspension.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 7 - ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/LICENSES/CERTIFICATES › Section 16.62.7.16 - XEMPTION FROM ISSUANCE LICENSE OR CERTIFICATE

Current through Register Vol. 35, No. 13, July 16, 2024
A. The process of analyzing, without
				altering, an appraisal report, except appraisal reviews as defined in the
				Definitions under Paragraph (5) of Subsection A of
				16.62.1.7
				NMAC of General Provisions AND The Uniform Standards of Professional Appraisal
				Practice, that is part of a request for mortgage credit, is a specialized
				service as defined in Subsection Q of Section
				61-30-3
				NMSA 1978 and is exempt from the requirements of licensing or certification.
B. The process of completing an
				appraisal review, as defined in the Definitions under Paragraph (5) of
				Subsection A of
				16.62.1.7
				NMAC of General Provisions AND as defined by the Uniform Standards of
				Professional Appraisal Practice, completed by a review appraiser holding a
				valid license or certification and completing the appraisal review from a
				location outside of New Mexico, is exempt from the requirements of licensing or
				certification provided the appraisal reviewer has a valid license or
				certification that corresponds with or is higher than the level of licensure or
				certification required to perform the appraisal under
				review.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Regulation and Licensing Department - NM Real Estate
				  Appraisers Board.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.2 - SCOPE

Current through Register Vol. 35, No. 13, July 16, 2024
All trainees, licensed residential real estate appraisers,
				  residential certified real estate appraisers, general certified real estate
				  appraisers and temporary licensed or certified real estate
				  appraisers.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
These rules are promulgated pursuant to the Real Estate Appraisers Act, Section  61-30-1 to Section  61-30-24, NMSA 1978.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
March 14, 2000, unless a later date is cited at the end of a
				  section.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
This part provides requirements for approval of educational
				  courses for pre-trainee, pre-licensing, and pre-certification and continuing
				  education credit. It establishes requirements for continuing education courses
				  and sponsors. It establishes an education advisory committee to approve courses
				  and sponsors.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.7 - DEFINITIONS

Current through Register Vol. 35, No. 13, July 16, 2024
" Class Hours" for the purpose of fulfilling continuing
				  education requirements includes approved courses offered over the internet or
				  other distance learning modalities.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.8 - ACCEPTABLE COURSEWORK

Current through Register Vol. 35, No. 13, July 16, 2024
A. All coursework for original trainee registration, licensing and certification shall be given in 15-hour segments and have an examination administered at the end of the course.
B. Successful completion of the examination is a requirement to submit the course for original trainee registration, licensure or certification credit.
C. Courses taken in satisfying the qualifying education requirements shall not be repetitive in nature. Each course credited toward the required number of qualifying education hours shall represent a progression in which the appraiser's knowledge is increased.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.9 - RELEVANCE OF COURSEWORK

Current through Register Vol. 35, No. 13, July 16, 2024
All coursework for original trainee, licensing or certification shall be in courses closely related to real estate appraisal. The board will not accept an applicant's completion of a course of a kind, which is designed to prepare students for examination, commonly known as a "cram course". All real estate appraisal coursework credited toward original trainee, shall have been completed no more than five years prior to the date of the application filed with the board.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.10 - DISTANCE EDUCATION

Current through Register Vol. 35, No. 13, July 16, 2024
Is defined as any education process based on the geographical
				  separation of student and instructor. A distance education course offered over
				  the internet or other distance learning modality is acceptable to meet class
				  hour requirements if:
A. the course
				provides interaction; interaction is a reciprocal environment where the student
				has verbal or written communication with the instructor;
B. content approval is obtained from the
				appraiser qualifications board, or an accredited college, community college, or
				university that offers distance education programs and is approved or
				accredited by the commission on colleges, a regional or national accreditation
				association, or by an accrediting agency that is recognized by the U.S.
				secretary of education; non-academic credit college courses provide by a
				college shall be approved by the appraiser qualifications board and state
				licensing jurisdiction; and
C.
				course delivery mechanism approval is obtained from one of the following
				sources:
(1) appraiser qualifications board
				approved organizations providing approval of course design and
				delivery;
(2) a college that
				qualifies for content approval in Subsection B above that awards academic
				credit for the distance education course; or
(3) a qualifying college for content approval
				with a distance education delivery program that approves the course design and
				delivery that incorporate interactivity.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.11 - ACCEPTABLE CONTINUING EDUCATION

Current through Register Vol. 35, No. 13, July 16, 2024
Courses approved for continuing education credit shall have
				  significant intellectual or practical content and shall deal primarily with
				  matters directly related to appraisal practice or to the ethical obligations of
				  trainees, licensees and certificate holders. The primary objective of such
				  courses shall be consistent with the board's charge to protect the public and
				  to increase the professional competence of trainees, licensees and certificate
				  holders.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.12 - CONTINUING EDUCATION REQUIREMENTS

Current through Register Vol. 35, No. 13, July 16, 2024
Twenty-eight hours of continuing education are required each biennial renewal period. Continuing education requirements for initial trainees, licenses and certificates issued for less than two full years are pro-rated as defined in 16.62.7.12 NMAC.
A. Individuals must successfully complete the seven hour national uniform standards of professional appraisal practice (USPAP) update course, or its equivalent as approved by the appraiser qualifications board (AQB). Successful completion includes passing an exam if required by the appraiser qualifications board (AQB).
B. Successful completion of the AQB approved seven hour national USPAP update course will be required of every trainee, licensee and certificate holder as a condition of renewal in each biennial renewal.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.13 - EDUCATION ADVISORY COMMITTEE

Current through Register Vol. 35, No. 13, July 16, 2024
The board will appoint an education advisory committee for
				  the purpose of reviewing courses and sponsors of education.
A. A committee approval shall go into effect
				immediately upon the committee's decision.
B. The board maintains the ability to review
				all approvals or disapprovals made by the committee.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.14 - APPROVAL OF SPONSORS

Current through Register Vol. 35, No. 13, July 16, 2024
The board may approve individuals or organizations as course sponsors. Colleges and universities offering credit courses in real estate appraisal are also considered approved sponsors.
A. Requests for approval must be made on board approved forms and include an outline and a code of conduct for instructors.
B. The instructor selection and retention policy will include, at a minimum, the following requirements:
(1) instructors of qualifying education courses must be licensed by exam or certified at the same or a higher category than the level of classes they are engaged to teach.
(2) instructors engaged to teach the national uniform standards of professional appraisal practice (USPAP) course must qualify under the instructor evaluation policy for instructor selection for the national USPAP course developed by the appraisal foundation;
(3) instructors must teach only the appraisal foundation-approved national uniform standards of professional appraisal practice (USPAP) course;
(4) student critiques must be requested and maintained for each class given;
(5) a summary of the critiques and the pass rate of the class must be submitted to the board within 30 days after the course is completed;
(6) the sponsor shall provide a procedure for periodic monitoring of instructors in the classroom setting along with the sponsor application.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.15 - APPROVAL OF COURSES

Current through Register Vol. 35, No. 13, July 16, 2024
A. All
				real estate appraisal courses except the appraisal qualifications board (AQB)
				approved fifteen (15) hour and seven (7) hour national USPAP courses, must have
				prior approval by the board if they are to be approved for credit towards
				continuing education or qualifying education. Beginning January 1, 2008, all
				qualifying education courses for pre-trainee, pre-licensing and
				pre-certification must have been approved through the AQB course approval
				program. The AQB approved fifteen (15) hour national USPAP course and the seven
				(7) hour national USPAP update course do not require prior approval by the
				board with proof that the course was taught by an AQB certified national USPAP
				instructor who is also a residential or general certified appraiser. The course
				sponsor may certify in the form of a certificate provided to the student that
				the instructor meets the above board criteria.
B. All board approved real estate courses
				except the AQB approved fifteen (15) hour national USPAP course and the seven
				(7) hour national USPAP update course, as defined in Subsection A of this
				section, accepted for pre-trainee, pre-licensing and pre-certification credit
				must: be a minimum length of at least fifteen (15) hours and include successful
				completion of an approved closed-book examination pertinent to that educational
				offering.
C. Application for course
				approval must be made to the board. No classes for credit may commence prior to
				board approval. The education advisory committee will review the application in
				accordance with 16.62.8.13 NMAC.
D.
				All course outlines approved by the board for pre-trainee, pre-licensing,
				pre-certification and continuing education credit shall become the property of
				the board and the outlines shall be available to all those board approved
				sponsors wishing to teach said courses.
E. All existing courses are subject to
				periodic review by the board. The board may at any time change the approval
				status of any course.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.16 - ONE-ON-ONE APPROVAL

Current through Register Vol. 35, No. 13, July 16, 2024
The education advisory committee may approve continuing
				  education credit on a one-on-one basis for courses that do not conform fully
				  with
				  16.62.8.14
				  NMAC or
				  16.62.8.15
				  NMAC.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 8 - EDUCATIONAL PROGRAMS/CONTINUING EDUCATION › Section 16.62.8.18 - EDUCATION CREDIT FOR TEACHING

Current through Register Vol. 35, No. 13, July 16, 2024
Instructors who are also certified and licensed may receive
				  up to one-half of their continuing education requirement from instruction of
				  appraisal courses or seminars. Credit for instructing any given course or
				  seminar can only be awarded once during a continuing education
				  cycle.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 9 - CERTIFICATE OF GOOD STANDING › Section 16.62.9.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Regulation and Licensing Department - NM Real Estate
				  Appraisers Board.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 9 - CERTIFICATE OF GOOD STANDING › Section 16.62.9.2 - SCOPE

Current through Register Vol. 35, No. 13, July 16, 2024
All trainees, licensed residential real estate appraisers,
				  residential certified real estate appraisers, general certified real estate
				  appraisers and temporary licensed or certified real estate
				  appraisers.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 9 - CERTIFICATE OF GOOD STANDING › Section 16.62.9.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
These rules are promulgated pursuant to the Real Estate Appraisers Act, Section  61-30-1 to Section  61-30-24, NMSA 1978.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 9 - CERTIFICATE OF GOOD STANDING › Section 16.62.9.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
March 15, 2000, unless a later date is cited at the end of a
				  section.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 9 - CERTIFICATE OF GOOD STANDING › Section 16.62.9.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
This part provides for the board office to issue a
				  certificate of good standing, upon payment of a fee, certifying that an
				  appraiser is duly licensed and not the subject of disciplinary
				  action.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 9 - CERTIFICATE OF GOOD STANDING › Section 16.62.9.8 - CERTIFICATE OF GOOD STANDING/FEE

Current through Register Vol. 35, No. 13, July 16, 2024
The board shall issue a certificate of good standing to any state trainee, licensed residential, or certified real estate appraiser who is currently or has been credentialed under the act by virtue of having met the following requirements.
A. The trainee, license, or certificate holder must pay the required fees in advance.
B. The applicant's appraiser trainee, license and certificate must not be under suspension or revocation as a result of disciplinary action by the board, and the trainee, license and certificate holder must not be the subject of a pending notice of contemplated action issued by the board.
C. The certificate of good standing shall specify the current license status and license history of the applicant. Verification of license history and good standing may also be obtained from the national registry of real estate appraisers.
D. The applicant must submit a written or online request and pay a fee set by the board for issuance of the certificate of good standing.
New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 62 - REAL ESTATE APPRAISERS › Part 10 - TEMPORARY PRACTICE › Section 16.62.10.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Regulation and Licensing Department - NM Real Estate
				  Appraisers Board.