North Carolina General Statutes Chapter 93E North Carolina Appraisers Act

Article 1 - Real Estate Appraiser.

N.C. Gen. Stat. § 93E-1-1. Title
This Chapter shall be known and may be cited as the "North Carolina Appraisers Act". (1993, c. 419, s. 6.)
N.C. Gen. Stat. § 93E-1-2. Repealed by Session Laws 1995, c. 482, s. 12
N.C. Gen. Stat. § 93E-1-2.1. Registration, license, or certificate required of real estate appraisers
It is unlawful for any person in this State to act as a real estate appraiser, to directly or indirectly engage or assume to...
N.C. Gen. Stat. § 93E-1-3. When registration, license, or certificate not required
(a) No trainee registration, license, or certificate shall be issued under the provisions of this Chapter to a partnership, association, corporation, firm, or group....
N.C. Gen. Stat. § 93E-1-3.1. Prohibited use of title; permissible use of title
(a) It shall be unlawful for any person to assume or use the title "registered trainee", "licensed real estate appraiser", "certified real estate appraiser",...
N.C. Gen. Stat. § 93E-1-4. Definitions
When used in this Chapter, unless the context otherwise requires, the term: (1) "Appraisal" or "real estate appraisal" means an analysis, opinion, or conclusion...
N.C. Gen. Stat. § 93E-1-5. Appraisal Board
(a) There is created the North Carolina Appraisal Board for the purposes set forth in this Chapter. The Board shall consist of nine members....
N.C. Gen. Stat. § 93E-1-6. Qualifications for registration, licensure, and certification; applications; application fees; examinations
(a) Any person desiring to be registered as a trainee or to obtain licensure as a licensed real estate appraiser or certification as a...
N.C. Gen. Stat. § 93E-1-6.1. Trainee supervision
All trainees shall perform all real estate appraisal-related activities under the immediate, active, and personal supervision of a certified real estate appraiser. All appraisal...
N.C. Gen. Stat. § 93E-1-7. Registration, license and certificate renewal; renewal fees; continuing education; reinstatement; replacement registrations, licenses and certificates; registration, licensure, and certification history; address changes
(a) Trainee registrations, licenses, and certificates issued under this Chapter shall expire on the 30th day of June of every year and shall become...
N.C. Gen. Stat. § 93E-1-8. Education program approval and fees
(a) The Board may by rule prescribe minimum standards for the approval and renewal of approval of schools and other course sponsors and their...
N.C. Gen. Stat. § 93E-1-9. Nonresident registration, licensure, and certification
(a) An applicant from another state which offers real estate trainee registration or the equivalent, appraiser licensing or certification privileges to residents of North...
N.C. Gen. Stat. § 93E-1-10. Rule-making authority
The Board may adopt rules not inconsistent with the provisions of this Chapter and the General Statutes of North Carolina which may be reasonably...
N.C. Gen. Stat. § 93E-1-11. Register of applicants; roster of trainees, State-licensed and State-certified appraisers; financial report to Secretary of State; administrative expenses
(a) The Executive Director of the Board shall keep a register of all applicants for State trainee registration or for State licensure or certification...
N.C. Gen. Stat. § 93E-1-12. Disciplinary action by Board
(a) The Board may take disciplinary action against registered trainees and State-licensed or State-certified real estate appraisers. Upon its own motion or the complaint...
N.C. Gen. Stat. § 93E-1-12.1. Investigations and complaints
(a) The Board may dismiss a complaint, accept a consent order, or hold a hearing, or may accept a voluntary surrender of a registration,...
N.C. Gen. Stat. § 93E-1-13. Penalty for violation of this Chapter
(a) Any person who acts as, or holds himself or herself out to be, a registered trainee or a State-licensed or State-certified real estate...
N.C. Gen. Stat. § 93E-1-14. Referral of cases by courts
Whenever any registered trainee, licensee, or certificate holder is adjudged by a civil or criminal court to have injured or damaged any person, partnership,...

Article 2 - Real Estate Appraisal Management Companies.

N.C. Gen. Stat. § 93E-2-1. Registration required of real estate appraisal management companies; exceptions
Beginning January 1, 2011, it shall be unlawful for any person, corporation, partnership, sole proprietorship, subsidiary, unit, or any other business entity in this...
N.C. Gen. Stat. § 93E-2-2. Definitions
(a) The following definitions apply in this Article: (1) Appraisal management company. - A corporation, partnership, sole proprietorship, subsidiary, unit, or other business entity...
N.C. Gen. Stat. § 93E-2-3. Rule-making authority
The Board shall have the authority to adopt rules that are reasonably necessary to implement, administer, and enforce the provisions of this Article. (2010-141,...
N.C. Gen. Stat. § 93E-2-4. Qualifications for registration; duties of registrants
(a) Any person or entity desiring to be registered as an appraisal management company in this State shall make written application to the Board...
N.C. Gen. Stat. § 93E-2-5. Compliance manager
Each appraisal management company registered under this Article shall designate a compliance manager who is responsible for ensuring the company operates in compliance with...
N.C. Gen. Stat. § 93E-2-6. Fees and renewals
(a) Each application for registration as an appraisal management company under this Article shall be accompanied by a registration fee in an amount set...
N.C. Gen. Stat. § 93E-2-7. Prohibited acts
(a) No employee, director, officer, or agent of a registered appraisal management company or any other third party acting as joint venture partner or...
N.C. Gen. Stat. § 93E-2-8. Disciplinary authority
(a) The Board may, by order, deny, suspend, revoke, or refuse to issue or renew a registration of an appraisal management company under this...
N.C. Gen. Stat. § 93E-2-9. Records
(a) The Board shall maintain a list of all applicants for registration under this Article that includes for each applicant the date of application,...
N.C. Gen. Stat. § 93E-2-10. Penalty; injunctive relief
(a) Any person violating the provisions of this Article shall be guilty of a Class 1 misdemeanor. (b) The Board may appear in its...
N.C. Gen. Stat. § 93E-2-11. Criminal history record checks of applicants or registrants for registration as appraisal management companies
(a) Definitions. - The following definitions shall apply in this section: (1) Applicant. - A person applying for registration as an appraisal management company...

Last modified: March 23, 2014