Section 645C.103 - Issuance of certificate, license, registration or permit without examination1. For the purpose of subsection 1 of NRS 645C.360, the Administrator will consider the requirements for the certificate, license, registration or permit issued in another jurisdiction to be substantially equivalent to the requirements of this State if:(a) The requirements of the other jurisdiction meet or exceed the requirements adopted by the Appraisal Subcommittee of the Federal Financial Institutions Examination Council; and(b) The Appraisal Subcommittee of the Federal Financial Institutions Examination Council has not disapproved the regulatory program to which the requirements of the other jurisdiction apply.2. An applicant for a permit who requests waiver of the examination pursuant to NRS 645C.360 must comply with NRS 645C.330 and:(a) NAC 645C.235, if the applicant is applying for a permit as a licensed residential appraiser;(b) NAC 645C.237, if the applicant is applying for a permit as a certified residential appraiser; or(c) NAC 645C.240, if the applicant is applying for a permit as a certified general appraiser. 3. Before the Administrator may issue a permit, the applicant must affirm, on a form provided by the Division, that he or she has read and understands the provisions of this chapter and chapter 645C of NRS.Nev. Admin. Code § 645C.103
Added to NAC by Comm'n of Appraisers of Real Estate, eff. 5-27-92; A by R100-03, 1-30-2004; A by R176-18A, eff. 5/21/2020NRS 645C.210, 645C.320, 645C.360