Sec. 08.87.100. Certificate required.

252 words·~1 min read·/ak/title-8/chapter-87/08-87-100

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.