Nevada Administrative Code
Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies
APPRAISAL MANAGEMENT COMPANIES
Section 645C.389 - Disclosure of money paid to appraiser and retained by appraisal management company
Universal Citation: NV Admin Code 645C.389
Current through September 16, 2024
1. An appraisal management company shall disclose to an appraiser who has performed an appraisal as an independent contractor for the appraisal management company the total amount of money, expressed as a dollar amount:
(a) Paid to the appraiser; and
(b) Retained by the appraisal management
company,
in connection with the appraisal.
2. An appraiser who has performed an appraisal assignment for an appraisal management company shall disclose in the body of the appraisal report prepared by the appraiser the total amount of money, expressed as a dollar amount:
(a) Paid
to the appraiser; and
(b) Retained
by the appraisal management company,
in connection with the appraisal.
Added to NAC by Comm'n of Appraisers of Real Estate by R091-09, eff. 4-20-2010
NRS 645C.210
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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