Section 08.87.100. Certificate required.

A person is guilty of a class B misdemeanor who
        (1) does not hold a certificate issued by the board, whose certificate is suspended or revoked, or whose certificate has lapsed or terminated, and holds out as a certified real estate appraiser in any way, orally or in writing, directly or by implication;
        (2) is certified as a residential real estate appraiser and holds out as certified to appraise real estate other than
             (A) residential real property of four or fewer units; or
             (B) residential real property of 12 or fewer units when a net income capitalization analysis is not required by the terms of the appraisal assignment and a secondary mortgage market form is used; or
        (3) is certified as an institutional real estate appraiser and
             (A) holds out as certified to appraise real estate other than
                  (i) residential real property of four or fewer units having a transaction value of less than $1,000,000; or
                  (ii) commercial property having a transaction value of less than $250,000;
             (B) holds out as performing real estate appraisal services for a fee or for the public at large;
             (C) accepts a fee for real estate appraisal services other than for services conducted as a full-time employee of a financial institution with offices in the state and other than a salary received as a full-time employee of the financial institution; or
             (D) performs a real estate appraisal for other than the portfolio of the financial institution for which the person is employed.

Authorities

8.87.900

Notes

Implemented As

12 AAC 70.930

References

AS 8.87.900 .900">Sec. 08.87.900. Definitions.

History

(Sec. 1 ch 177 SLA 1990; am Sec. 2 ch 42 SLA 1992)