Title 54

NRS 645C.034 “Appraisal management company” defined. 1. “Appraisal management company” means a person, limited-liability company, partnership, association or corporation which, for compensation: (a) Functions as a third-party intermediary between an appraiser valuing properties w…

NRS 645C.037 “Appraisal Subcommittee” defined. “Appraisal Subcommittee” means the Appraisal Subcommittee of the Federal Financial Institutions Examination Council. (Added to NRS by 2019, 477)

NRS 645C.040 “Appraiser” defined. “Appraiser” means a person who prepares or communicates an appraisal, but does not include anyone who merely relays an appraisal on behalf of the person who prepares it. (Added to NRS by 1989, 822)

NRS 645C.045 “Certificate” defined. “Certificate” means a certificate issued to an appraiser pursuant to this chapter. (Added to NRS by 1991, 887)

NRS 645C.047 “Certified appraiser” defined. “Certified appraiser” means an appraiser to whom a certificate has been issued pursuant to this chapter. (Added to NRS by 1991, 887)

NRS 645C.050 “Commission” defined. “Commission” means the Commission of Appraisers of Real Estate. (Added to NRS by 1989, 822)

NRS 645C.055 “Complex property” defined. “Complex property” means residential property which: 1. Is atypical for the marketplace in which it is located based on, without limitation, such factors as: (a) The architectural style of the property; (b) Special improvements made to the…

NRS 645C.060 “Division” defined. “Division” means the Real Estate Division of the Department of Business and Industry. (Added to NRS by 1989, 822; A 1993, 1893)

NRS 645C.065 “Federal financial institutions regulatory agency” defined. “Federal financial institutions regulatory agency” means the: 1. Board of Governors of the Federal Reserve System; 2. Federal Deposit Insurance Corporation; 3. Office of the Comptroller of the Currency; 4. N…

NRS 645C.067 “Federally related transaction” defined. “Federally related transaction” means any financial transaction related to real estate which: 1. A federal financial institutions regulatory agency or the Resolution Trust Corporation engages in, contracts for or regulates; an…

NRS 645C.070 “Intern” defined. “Intern” means a person who actively assists in the preparation or communication of an appraisal, but does not include anyone who merely provides information concerning real estate to an appraiser or records, transcribes or copies information concer…

NRS 645C.080 “License” defined. “License” means a license issued to an appraiser pursuant to this chapter. (Added to NRS by 1989, 823)

NRS 645C.090 “Licensed appraiser” defined. “Licensed appraiser” means an appraiser to whom a license has been issued pursuant to this chapter. (Added to NRS by 1989, 823)

NRS 645C.100 “Permit” defined. “Permit” means a permit to conduct an appraisal issued to an appraiser by the Administrator pursuant to NRS 645C.363. (Added to NRS by 1989, 823; A 1991, 887; 1993, 812)

NRS 645C.110 “Real estate” defined. “Real estate” includes land, any improvements and fixtures permanently affixed thereon, and every right, interest or estate therein, whether legal or equitable, whether corporeal or incorporeal, and whether the property is situated in this stat…

NRS 645C.120 “Registered intern” defined. “Registered intern” means an intern to whom a registration card has been issued pursuant to this chapter. (Added to NRS by 1989, 823)

NRS 645C.130 “Registration card” defined. “Registration card” means a card issued to an intern pursuant to this chapter signifying the intern’s registration by the Division. (Added to NRS by 1989, 823)

NRS 645C.140 Purpose of chapter. The purpose of this chapter is to carry out the policy expressed in the portion of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (12 U.S.C. §§ 3331-3351) which concerns appraisers, to establish a program in this state to …

NRS 645C.150 Applicability of chapter. The provisions of this chapter do not apply to: 1. A federal or state employee, or an employee of a local government, who prepares or communicates an appraisal as part of his or her official duties, unless a license or certificate is require…

NRS 645C.170 Administration by Division; employment of professional consultants to investigate complaints; employees of Division. 1. The Division shall: (a) Administer this chapter and may employ legal counsel, investigators and other professional consultants necessary to the dis…

NRS 645C.175 Authority for Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions. 1. The Administrator may adopt regulations which establish procedures for the Division to conduct business electronically pursuant to title 59 of NRS…

NRS 645C.180 Commission of Appraisers of Real Estate: Creation; appointment and terms of members; limitations on membership. 1. The Commission of Appraisers of Real Estate is hereby created, consisting of five members appointed by the Governor. 2. At least two members of the Comm…

NRS 645C.190 Commission of Appraisers of Real Estate: Qualifications and oaths of members. 1. Each member of the Commission must: (a) Be a citizen of the United States or be lawfully entitled to remain and work in the United States; (b) Have been a resident of the State of Nevada…

NRS 645C.200 Commission of Appraisers of Real Estate: Fiscal year; officers; meetings; compensation, per diem allowance and travel expenses of members. 1. The Commission shall: (a) Operate on the basis of a fiscal year beginning on July 1 and ending on June 30. (b) At the first m…

NRS 645C.210 Commission of Appraisers of Real Estate: Powers and duties; regulations; service of process. 1. The Commission shall: (a) Adopt a seal to authenticate its proceedings. (b) Conduct hearings pursuant to this chapter. (c) Establish programs for education and research in…

NRS 645C.215 Administrative fine for engaging in certain conduct without certificate, license, registration, registration card or authorization; procedure for imposition of fine; judicial review; exceptions. 1. In addition to any other remedy or penalty, the Commission may impose…

NRS 645C.220 Records: Maintenance by Division; general provisions governing public inspection and confidentiality. 1. The Division shall maintain a record of: (a) Persons whose applications for a certificate, license or registration card have been denied; (b) Investigations condu…

NRS 645C.225 Records: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records. 1. Except as otherwise provided in this section and NRS 239.0115, a complaint filed with the Commission, all do…

NRS 645C.230 Publication and sale of manual or guide concerning appraisals. Upon approval of the Commission, the Division may publish or supply a manual or guide concerning appraisals, and offer it for sale to the public for a reasonable fee. (Added to NRS by 1989, 826)

NRS 645C.240 Deposit and use of money received by Division; financial support of Division. 1. Except as otherwise provided in subsections 2 and 3 and NRS 645C.245, all fees, penalties and other charges received by the Division pursuant to this chapter must be deposited with the S…

NRS 645C.245 Technology Account for Chapter 645C of NRS. 1. The Technology Account for Chapter 645C of NRS is hereby created in the State General Fund. The Administrator shall administer the Account. 2. The interest and income earned on the money in the Account, after deducting a…

NRS 645C.250 Duties of Attorney General. 1. The Attorney General shall render to the Division opinions upon questions of law relating to the construction or interpretation of this chapter, or arising in the administration thereof, submitted to the Attorney General by the Division…

NRS 645C.260 Certificate, license, permit or registration card required; penalty; prosecution of violation. 1. Any person who, in this State, engages in the business of, acts in the capacity of, advertises or assumes to act as: (a) An appraiser without first obtaining the appropr…

NRS 645C.270 Interns: Registration card; supervision; authorization to work; denial of registration card. 1. An intern must: (a) Obtain a registration card from the Division; and (b) Be associated with and supervised by the appraiser named in the registration card. 2. An intern s…

NRS 645C.280 Types and scope of licenses and certificates; regulations. 1. An appraiser may obtain from the Division: (a) A license as a residential appraiser, which authorizes him or her to perform an appraisal of real estate suitable for or consisting of no more than four resid…

NRS 645C.290 Application for certificate or license: Form and contents. An application for a certificate or license must be in writing upon a form prepared and furnished by the Division. The application must include the following information: 1. The name, age and address of the a…

NRS 645C.295 Payment of child support: Submission of certain information by applicant; grounds for denial of license, certificate or registration card; duty of Division. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish …

NRS 645C.300 Submission of fees and fingerprints with application for certificate, license or registration card; investigation of applicant’s background. 1. Each application for a certificate, license or registration card must be accompanied by: (a) The fee for the certificate, l…

NRS 645C.310 Period for action on application for certificate or license. Unless the Division extends the time, it shall act upon an application for a certificate or license within 60 days after receiving the completed application. If in the opinion of the Administrator additiona…

NRS 645C.320 Qualifications for issuance and grounds for denial of certificate or license. 1. The Administrator shall issue a certificate or license, as appropriate, to any person: (a) Of good moral character, honesty and integrity; (b) Who meets the educational requirements and …

NRS 645C.330 Standards for education and experience required for certificate or license; regulations. The Commission shall adopt regulations that prescribe the standards for education and experience required for the issuance of a certificate or license. Until the Commission adopt…

NRS 645C.340 Examination for certificate or license: Fees; scope; use of professional testing organization. 1. Each application for an examination for a certificate or license must be accompanied by the fees established by the Division pursuant to subsection 3 of NRS 645C.450. 2.…

NRS 645C.350 Frequency of examinations; taking examination before completion of experience and education prohibited; notification of applicant regarding satisfaction of requirements. 1. The Division shall cause examinations to be conducted not less than once every 6 months. 2. An…

NRS 645C.360 Issuance of certificate or license without examination; reciprocal agreements for issuance of certificates or licenses. 1. An applicant for a certificate or license issued pursuant to this chapter is not required to pass the examination otherwise required by NRS 645C…

NRS 645C.363 Permit to conduct appraisal to person who holds certificate or license in another state; regulations. 1. The Division may issue a permit to conduct an appraisal in this State to a person who holds a certificate or license issued by another state or territory of the U…

NRS 645C.367 Issuance of certificate, license or permit to resident of another state: Appointment of Administrator as agent for service of process; service of process upon Administrator. 1. The Division shall not issue a certificate, license or permit pursuant to this chapter to …