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North Dakota Century Code Title 43. Occupations and Professions § 43-23.3-04. Permit required--Exemptions

Current as of January 01, 2024 | Updated by Findlaw Staff

1. Except as provided in this section, a person may not directly or indirectly engage in, advertise, conduct the business of, or act in any capacity as an apprentice, licensed, or certified appraiser without first obtaining a permit as provided in this chapter.

2. An appraiser that is apprenticed, licensed, or certified in another state may not engage in, advertise, conduct the business of, or act in any capacity as an appraiser in this state without first obtaining a temporary permit under section 43-23.3-11 or a permit under section 43-23.3-04.1.

3. This chapter does not apply to:

a. A licensed real estate broker or salesperson who, in the ordinary course of business, gives an opinion to a potential seller or third party as to the recommended listing price of real estate or an opinion to a potential purchaser or third party as to the recommended purchase price of real estate. However, the opinion as to the listing price or the purchase price may not be referred to as an appraisal.

b. A person who, in the ordinary course of business, gives an opinion of the value of real estate to that person's employer.

c. A person employed by the Bank of North Dakota when providing evaluations or reviews of appraisals for federally insured depository institutions under federal financial institution regulatory agency appraisal exemptions.

d. A person, who is not an apprentice, licensed, or certified appraiser, who prepares or provides an evaluation.

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Cite this article: FindLaw.com - North Dakota Century Code Title 43. Occupations and Professions § 43-23.3-04. Permit required--Exemptions - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-43-occupations-and-professions/nd-cent-code-sect-43-23-3-04/

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