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E.__Environmentally contaminated properties; and |
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| | | F.__Physical characteristics, such as lot size, topography | | and building type, that are unusual. |
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| | | 8.__Department.__"Department" means the Department of | | Professional and Financial Regulation. |
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| | | 9.__Noncomplex residential property.__"Noncomplex residential | | property" means property that is not defined as complex | | residential property in subsection 7. |
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| | | 10.__Real estate.__"Real estate" means an identified parcel of | | land, including improvements, if any. |
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| | | 11.__Real estate appraisal activity.__"Real estate appraisal | | activity" means the act or process of making an appraisal of real | | property and communicating a report. |
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| | | 12.__Real estate appraiser.__"Real estate appraiser" means a | | person who engages in real estate appraisal activity for a fee or | | other valuable consideration.__"Real estate appraiser" includes | | review appraisers and appraisal administrators. |
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| | | 13.__Real property.__"Real property" means one or more defined | | interests, benefits or rights inherent in the ownership of real | | estate. |
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| | | 14.__Uniform Standards of Professional Appraisal Practice.__ | | "Uniform Standards of Professional Appraisal Practice" means | | those standards adopted by the appraisal standards board of the | | appraisal foundation. |
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| | | §14003.__License required |
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| | | Except as provided in section 14004, it is unlawful for a | | person to prepare, for a fee or other valuable consideration, an | | appraisal or appraisal report relating to real estate or real | | property in this State without first obtaining a real estate | | appraisal license.__This section does not apply to individuals | | who do not render significant professional assistance in arriving | | at a real estate appraisal analysis, opinion or conclusion.__ | | Nothing in this chapter prohibits any person who is licensed to | | practice in this State under any other law from engaging in the | | practice for which that person is licensed. |
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| | | Real estate appraisal activity does not include: |
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