N.J. Admin. Code § 2:76-6.21 - Appraiser selection

(a) A State-Certified General Real Estate Appraiser (SCGREA) certified pursuant to N.J.A.C. 13:40A-1.2 on the Committee's list of approved appraisers as of July 2, 2007, shall be eligible to remain on the Committee's approved list subject to N.J.A.C. 2:76-6.2 2.

(b) A State-Certified General Real Estate Appraiser (SCGREA) certified pursuant to N.J.A.C. 13:40A-1.2 that is not on the Committee's list of approved appraisers as of July 2, 2007, may apply to the Committee in writing, by no later than June 1 of the year in which the appraiser wants to be added to the list of approved appraisers, subject to the Committee's determination that the appraiser has satisfied the following requirements:

1. The appraiser is equipped with adequate office support and resources to efficiently complete narrative appraisal reports on a large scale as confirmed by the Committee's review appraiser;

2. The appraiser has demonstrated his or her experience in appraising various types of real estate such as residential, commercial, industrial and special purpose assignments with an emphasis on appraising agricultural and vacant lands;

3. The appraiser has presented a summary of his or her credentials including a partial list of clients indicating the scope of practice, a copy of his or her license and three references;

4. The appraiser has provided an example of an agricultural or vacant land appraisal report that has been reviewed by the Committee's review appraiser and found to be prepared based on generally recognized appraisal practices with reasonable and justified conclusions, adheres to appraisal report format, and is without errors and omissions; and

5. The appraiser has attended the Committee's annual appraisal seminar in the year in which he or she is making application to the Committee to be considered for approval.

Notes

N.J. Admin. Code § 2:76-6.21

New Rule, R.2007 d.197, effective 7/2/2007.
See: 38 N.J.R. 4929(a), 39 N.J.R. 2483(a).