New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 40A - STATE BOARD OF REAL ESTATE APPRAISERS
Subchapter 9 - APPRAISAL MANAGEMENT COMPANIES
Section 13:40A-9.7 - Responsibilities of certified or licensed appraiser

Universal Citation: NJ Admin Code 13:40A-9.7

Current through Register Vol. 56, No. 18, September 16, 2024

(a) Each State-certified or licensed appraiser performing an appraisal assignment, including an appraisal review, for an appraisal management company, shall be responsible to ensure that the conduct of non-appraiser assistance is compatible with the professional responsibilities of the appraiser under Federal and State laws, rules, and regulations, including, but not limited to, conformance with the Uniform Standards of Professional Appraisal Practice.

1. Non-appraiser assistance shall include, but not be limited to, administrative quality control reviewers who are agents of, contracted by, employees of, or whose services are otherwise utilized by an appraisal management company, appraiser, or organization.

(b) Each State-certified or licensed appraiser shall include on every appraisal performed pursuant to the Act both the appraisal management company registration number and the amount of the fee received by the appraiser for performance of that appraisal.

Disclaimer: These regulations may not be the most recent version. New Jersey 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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.