New Jersey Administrative Code

Each applicant applying for certification as a residential real estate appraiser shall complete, by the time the application is submitted to the Board, the experience requirements for a residential real estate appraiser as established by The Real Property Appraiser Qualification …

(a) Upon application to the Board and payment of a registration fee, an appraiser certified as a residential real estate appraiser in another jurisdiction may be issued a temporary visiting certificate as a residential real estate appraiser for a specific appraisal assignment, pr…

(a) An applicant who has served in the Armed Forces of the United States (Armed Forces) and who does not meet all of the training, education, and experience requirements for certification under N.J.A.C. 13:40A-2A may apply to the Board for recognition of the applicant's training,…

In order to be eligible for licensure as a residential real estate appraiser, an applicant shall be required to successfully complete the education and experience requirements set forth in N.J.A.C. 13:40A-3.2 and shall successfully complete the Board-approved examination for the …

(a) An applicant for licensure as a residential real estate appraiser shall present the following: 1. Evidence that he or she is at least 18 years of age; 2. Evidence of good moral character, as established by references from individuals, schools and other records acceptable to t…

(a) In order to be eligible to take the examination for licensure as a licensed residential real estate appraiser, an applicant shall complete, by the time the application is submitted to the Board, the education requirements for a licensed residential real estate appraiser as es…

(a) Each applicant applying for licensure as a licensed residential real estate appraiser shall complete, by the time the application is submitted to the Board, the experience requirements for a licensed residential real estate appraiser as established by "The Real Property Appra…

(a) An applicant who has served in the Armed Forces of the United States (Armed Forces) and who does not meet all of the training, education, and experience requirements for licensure under N.J.A.C. 13:40A-3 may apply to the Board for recognition of the applicant's training, educ…

(a) Upon application to the Board and payment of a registration fee, an appraiser licensed in another jurisdiction may be issued a temporary visiting license for a specific appraisal assignment, provided that the individual submits satisfactory proof to the Board that the individ…

(a) The rules in this chapter establish a voluntary real estate appraiser trainee program for individuals in the process of acquiring the appraisal experience required in order to be licensed or certified pursuant to this chapter. (b) The successful application of and compliance …

Notes N.J. Admin. Code § 13:40A-4.2 Amended by R.1997 d.23, effective 1/21/1997. See: 28 N.J.R. 4724(a), 29 N.J.R. 369(a). In (a), amended N.J.A.C. reference; and in (a)1, substituted "At least 18" for "More than 18". Repealed by R.2002 d.205, effective 7/1/2002. See: 34 N.J.R. 4…

(a) Each applicant applying for a trainee permit shall complete, within a five-year period prior to the time the application is submitted to the Board, the education requirements for a trainee as established by "The Real Property Appraiser Qualification Criteria and Interpretatio…

All trainee permits shall be valid for a period of one year. A trainee may renew his or her annual permit a maximum total of three times, upon submission to the Board of a renewal application, the permit renewal fee, and a log in the form set forth in N.J.A.C. 13:40A-4.7. Notes N…

(a) The holder of a trainee permit issued by the Board shall work only under the "direct supervision," as that term is defined in N.J.A.C. 13:40A-4.6, of a "supervising appraiser," who shall be an individual certified in good standing by the Board, who has not been subject to any…

(a) Any individual designated as a "supervising appraiser" by the holder of a trainee permit shall acknowledge in writing to the Board that he or she agrees to perform all responsibilities set forth in (f) below. (b) Supervising appraisers shall be in good standing with the Board…

(a) A real estate appraiser trainee shall maintain a log on forms provided by the Board, which shall include the following information concerning each appraisal assignment in which the trainee participates: 1. The name and address of the client; 2. The type of appraisal report; 3…

(a) An individual holding a trainee permit shall complete the continuing education requirements as established by "The Real Property Appraiser Qualification Criteria and Interpretation of the Criteria" as promulgated by the AQB of the Appraisal Foundation as amended and supplemen…

(a) The purpose of continuing education activities is to ensure that the appraiser participates in a program that maintains and increases the appraiser's skill, knowledge and competency in real estate appraising. (b) A licensed or certified real estate appraiser shall confirm on …

(a) An applicant for biennial renewal may not obtain an extension of time within which to satisfy continuing education requirements, except where a deferral is authorized pursuant to the Real Property Appraiser Qualification Criteria and Interpretations of the Criteria, effective…

Notes N.J. Admin. Code § 13:40A-5.2 New Rule, R.1994 d.251, effective 5/16/1994. See: 26 New Jersey Register 903(a), 26 New Jersey Register 2137(a). Amended by R.1997 d.23, effective 1/21/1997. See: 28 New Jersey Register 4724(a), 29 New Jersey Register 369(a). In (a), substitute…

(a) Each applicant applying for renewal as a licensed or certified real estate appraiser shall be required to complete, by the time the renewal application is submitted to the Board, the continuing education requirements for either the certified residential, certified general, or…

(a) All licensed and certified real estate appraisers shall be required to complete the seven-hour National Update Course on the Uniform Standards of Professional Appraisal Practice or its equivalent at least once every 24 months. (b) All licensed and certified real estate apprai…

(a) The Board shall maintain a list of all approved courses, lecturers and programs at the Board's offices and shall furnish this information to the licensees or certificate holders upon request. (b) An applicant seeking to take a course for continuing professional education cred…

(a) The Board shall approve only those continuing education activities and course topics as are deemed by the Board to be consistent with the purpose of continuing education. Examples of such course topics may include, but are not limited to: changes in the Uniform Standards of P…

(a) The licensee or certificate holder may obtain continuing education credits for the following: 1. Training programs offered by State or Federal agencies or commissions; 2. Educational programs provided during trade organization conferences; 3. Colleges or universities accredit…

(a) A licensee or certificate holder shall retain documentation for at least four years of the continuing education hours which the licensee or certificate holder completes in order to verify program attendance and/or activity completion. Each licensee or certificate holder shall…

(a) All providers of continuing education courses shall: 1. Secure Board approval prior to advertising or otherwise representing that any course is approved for continuing education credit in New Jersey; 2. Submit, on forms provided by the Board, for each course for which approva…

(a) The appraiser shall ensure that all appraisals shall, at a minimum conform to the Uniform Standards of Professional Appraisal Practice (USPAP) in effect on the date on which the appraisal was prepared, which standards are incorporated herein by reference. (b) An appraiser's f…

(a) Charges for credentialing, certification, licensure, registration, and other services are as follows: 1. Application fee: i. Certified General Real Estate Appraiser ......... $ 125.00 ii. Certified Residential Real Estate Appraiser ......... $ 100.00 iii. Licensed Real Estate…

(a) When used in this section, "steps of the valuation process" means any and all work performed by or at the direction of an individual including, but not limited to, the gathering of any data from which to extract information and market trends, the analysis of data, such as sal…

(a) Every licensee, certificate holder, and registrant shall give notice to the Board of any change of his or her address of record within 10 days of such change. For purposes of this section "address of record" means an address designated by a licensee, certificate holder, or re…

An appraiser shall include on all appraisal reports, at the place wherever the appraiser's signature appears, the appraiser's designation and state license or certification number. The appraiser shall use only the designations permitted pursuant to N.J.A.C. 13:40A-7.3. Notes N.J.…

(a) The following shall apply in connection with the use of designations and abbreviations on appraisal reports or in any advertisement or public representation: 1. Individuals holding a current valid real estate appraiser certificate or license may use only the following designa…

(a) An individual applying to be an instructor of qualifying education courses shall, at a minimum, have one of the following requirements: 1. A baccalaureate degree in any field and three years of experience directly related to the subject matter to be taught; 2. A masters degre…

(a) For the purposes of this section, "real estate licensee" means any natural person licensed as a real estate broker, broker-salesperson or salesperson pursuant to N.J.S.A. 45:15-1 et seq. and "transaction" means the buying, selling, leasing, mortgaging, auctioning or exchangin…

(a) The Board shall send a notice of renewal to each licensee or certificate holder, at least 60 days prior to the expiration of the license or certification. The notice of renewal shall explain inactive renewal and advise the licensee or certificate holder of the option to renew…

(a) A licensee or certificate holder who holds an inactive license or certification pursuant to N.J.A.C. 13:40A-7.6(c) may apply to the Board for reactivation of the inactive license or certification. A licensee or certificate holder seeking reactivation of an inactive license or…

(a) A licensee or certificate holder who has had his or her license or certification suspended pursuant to N.J.A.C N.J.A.C. 13:40A-7.6(e) above may apply to the Board for reinstatement. A licensee or certificate holder applying for reinstatement shall submit: 1. A reinstatement a…

(a) An applicant for licensure, certification, or registration shall not be eligible for licensure, certification, or registration, and any holder of a license, certification, or registration shall have his or her license, certification, or registration revoked if the Board deter…

(a) Upon receipt of a completed application, application fee, consent to a criminal history record background check, and requisite fee for such a check, the Board shall issue a real estate appraiser license or certification to any person who documents that the person holds a vali…

(a) The rules in this subchapter implement the provisions of the Appraisal Management Company Registration and Regulation Act, P.L. 1991, c. 68, as amended and supplemented by P.L. 1997, c. 401 and P.L. 2017, c. 72 (N.J.S.A. 45:14F-27 et seq.). (b) Except as provided in (c) below…

Each appraisal management company shall, except in bona fide cases of breach of contract or substandard performance of services, make payment to an appraiser for the completion of an appraisal or valuation assignment within 60 days of the date on which the appraiser transmits or …

(a) No employee, director, officer, agent, independent contractor, or other third-party acting on behalf of an appraisal management company shall: 1. Procure or attempt to procure a registration or renewal by knowingly making a false statement, submitting false information, or re…

(a) With respect to reporting requirements for non-Federally regulated appraisal management companies, the Board will collect from each AMC registered, or each AMC seeking to be registered, in the State, the information and fees that the Appraisal Subcommittee requires to be subm…

The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise: "Act" means the Appraisal Management Company Registration and Regulation Act, N.J.S.A. 45:14F-27 et seq. (P.L. 2017, c. 72). "Administra…

(a) An appraiser is deemed part of the appraisal management company's appraiser panel as of the earliest date on which the appraisal management company: 1. Accepts the appraiser for the appraisal management company's consideration for future appraisal assignments in covered trans…

(a) Each person that directly or indirectly engages, or attempts to engage, in business as an appraisal management company, or advertises or holds itself out as engaging in or conducting business as an appraisal management company, shall obtain a registration from the Board. 1. T…