N.Y. Comp. Codes R. & Regs. tit. 19 § 1103.1

Current through Register Vol. 46, No. 45, November 2, 2024

Section 1103.1 - Definitions

As used in this Part, the following terms shall have the following meanings:

(a) Appraisal course. The term appraisal course shall refer to a course that has either been approved by the department or has been submitted to the department for approval pursuant to section 1103.3 of this Part.

(b) Appraisal school. The term appraisal school shall refer to a person or institution that has either been approved by the department or has submitted a request to the department for approval to offer one or more appraisal courses pursuant to section 1103.3(b) of this Part.

(c) Appraiser assistant. The term appraiser assistant shall refer to a NYS licensed real estate appraiser assistant as defined in section 160-a of the Executive Law.

(d) Certified residential real estate appraiser. The term certified residential real estate appraiser shall refer to a NYS certified residential real estate appraiser as defined in section 160-a of the Executive Law.

(e) Certified general real estate appraiser. The term, certified general real estate appraiser shall refer to a NYS certified general real estate appraiser as defined in section 160-a of the Executive Law.

(f) Department. The term department shall refer to the NYS Department of State.

(g) Education coordinator. The term education coordinator shall refer to that individual who shall be responsible for submitting applications to the department for approval of appraisal schools and appraisal courses. This person shall also be responsible for compliance, by the school and its instructors, of the provisions of this Part and Part 1107 of this Title.

(h) Licensed real estate appraisers. The term licensed real estate appraiser shall refer to a NYS licensed real estate appraiser as defined in section 160-a of the Executive Law.

(i) Licensee. The term licensee shall refer to a NYS appraiser assistant, NYS licensed real estate appraiser, NYS certified residential real estate appraiser or a NYS certified general real estate appraiser depending on the context.

(j) Prospective licensee. The term prospective licensee shall refer to an individual who undertakes a course of study as provided in this Part, the satisfactory completion of which would satisfy the NYS educational requirements for licensure or certification as a NYS real estate appraiser assistant, NYS licensed real estate appraiser, NYS certified residential real estate appraiser or a NYS certified general real estate appraiser.

(k) USPAP. The acronym USPAP means the national Uniform Standards of Professional Appraisal Practice.

N.Y. Comp. Codes R. & Regs. Tit. 19 § 1103.1