Examples of State certified real estate appraiser in a sentence
Only a State certified real estate appraiser may issue an appraisal report for real estate-related financial transactions over $1,000,000.(c) Permitted use of evaluations.
If this had hap- pened, New York's certified general real estate appraisers would not have been eligible to perform appraisals for federally related real estate transactions, and, as a result, New York financial institutions would not have been able to participate in those transactions where federal law requires the use of a State certified real estate appraiser.
No individual shall be a State certified real estate appraiser under this section unless such individual has achieved a passing grade upon a suitable examination administered by a State or territory that is consistent with and equivalent to the Uniform State Certification Examination issued or endorsed by the Appraiser Qualification Board of the Appraisal Foundation.
The certificate holder may also be subject to disciplinary action by the Board for performing an appraisal in connection w ith a Federally-r e lated tra nsac tio n i n t h is Common- w ealth or for holding himself out as a State- certified real estate appraiser w ithout a current certificate, or both.
Certifications required as State certified real estate appraiser 4 45:14F-6.