TITLE 16 OCCUPATIONAL AND PROFESSIONAL LICENSING

CHAPTER 62 REAL ESTATE APPRAISERS

PART 11 APPLICATION FOR RECIPROCITY

16.62.11.1 ISSUING AGENCY: Regulation and Licensing Department, NM Real Estate Appraisers Board.

[16.62.11.1 NMAC - N, 09/13/2004; A, 01/01/2015]

16.62.11.2 SCOPE: All trainee real estate appraisers, licensed residential real estate appraisers, residential certified real estate appraisers, general certified real estate appraisers and temporary licensed or certified real estate appraisers.

[16.62.11.2 NMAC - N, 09/13/2004; A, 01/01/2015; A, 02/03/2019]

16.62.11.3 STATUTORY AUTHORITY: These rules are promulgated pursuant to the Real Estate Appraisers Act, Section 61-30-1 to -24, NMSA 1978.

[16.62.11.3 NMAC - N, 09/13/2004; A, 09/26/2023]

16.62.11.4 DURATION: Permanent.

[16.62.11.4 NMAC - N, 09/13/2004]

16.62.11.5 EFFECTIVE DATE: 09/13/2004, unless a later date is cited at the end of a section.

[16.62.11.5 NMAC - N, 09/13/2004]

16.62.11.6 OBJECTIVE: This part provides requirements for making application for reciprocity.

[16.62.11.6 NMAC - N, 09/13/2004]

16.62.11.7 DEFINITIONS: [RESERVED]

[16.62.11.7 NMAC - N, 09/13/2004]

16.62.11.8 APPLICATION FOR RECIPROCITY:

A. Applications for New Mexico state licensed residential appraiser, certified residential appraiser, or certified general appraisers must hold a current and valid appraisers license or certificate in another state at the time of application for reciprocity.

B. Applicants for reciprocity in the state of New Mexico must:

(1) complete an application for New Mexico state licensed appraiser or certified appraiser,

(2) verification of license history and good standing as obtained from the national registry of real estate appraisers;

(3) submit copy of current license;

(4) pay the appropriate fee by check or money order or online payment;

(5) comply with all the New Mexico board of real estate appraisers statutes, rules and regulations; and

(6) rely on a credential from a home state that complies with Title XI as determined by the appraisal subcommittee;

(7) Criminal history background check: All applicants for initial issuance or reinstatement of a certificate and license in New Mexico shall be required to be fingerprinted to establish positive identification for a state and federal criminal history background check.

(a) The applicant will register online, through the approved Department of Public Safety website, with the board’s Originating Agency Identification (ORI) number and make payment with registration. After the process is complete, the applicant will receive a registration confirmation.

(b) Results will be sent to the board electronically. The board shall not issue a certificate or license until the applicant’s background check has been successfully completed.

(c) Out-of-State applicants, who are unable to visit an approved live scan fingerprinting facility, may follow the same registration process and submit a hardcopy fingerprint card to the approved live scan fingerprinting facility. The results will be sent to the board electronically. The board shall not issue a certificate or license until the applicant’s background check has been successfully completed.

C. A reciprocal license shall expire on April 30 of the second calendar year after issuance.

D. Renewal requirements shall be in the same manner and with the same requirements as for the same classification of certified or licensed appraiser as stated in 16.62.7 NMAC

[16.62.11.8 NMAC - N, 09/13/2004; A, 11/25/2006; A, 01/01/2015; A, 02/03/2019; A, 09/26/2023]

HISTORY 0F 16.62.11 NMAC: [RESERVED]