Nevada Administrative Code
Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies
ADVISORY COMMITTEE
Section 645C.610 - Duties of committee; action by Administrator

Universal Citation: NV Admin Code 645C.610

Current through September 16, 2024

1. An advisory committee which is established to assist the Administrator with the review of a matter that is the subject of an investigation conducted pursuant to NAC 645C.480 shall:

(a) Review the written report submitted by an investigator pursuant to NAC 645C.480, if available, and any other information that is relevant to the matter to determine whether there is probable cause to show that the appraiser who is the subject of the investigation has violated a provision of chapter 645C of NRS or the regulations adopted pursuant thereto;

(b) Hold an informal conference in accordance with NAC 645C.620;

(c) Work with the appraiser who is the subject of the investigation to attempt to arrive at a recommendation for resolution of the matter which is the subject of the investigation; and

(d) Submit a recommendation for resolution of the matter to the Administrator or recommend that the matter be submitted to the Commission.

2. If the Administrator and the appraiser who is the subject of the investigation accept the advisory committee's recommendation for resolution of the matter, the Administrator shall enter into a written agreement with the appraiser who is the subject of the investigation which must contain the terms of the resolution recommended by the advisory committee. If the agreement provides for disciplinary action that is authorized pursuant to NRS 645C.460, the Administrator may impose the discipline on behalf of the Commission.

3. If disciplinary action is taken pursuant to this section against an appraiser who is the subject of an investigation, the Administrator shall file with the Commission a written summary of the facts and disciplinary actions taken against the appraiser.

4. If the Administrator or the appraiser who is the subject of the investigation does not accept the advisory committee's recommendation for resolution of the matter, the Administrator shall:

(a) Schedule a hearing which must be conducted pursuant to NAC 645C.500; or

(b) 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. A resolution negotiated pursuant to this paragraph is subject to the approval of the Commission.

Added to NAC by Comm'n of Appraisers of Real Estate by R119-00, eff. 9-25-2000

NRS 645C.210

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