TITLE 16 OCCUPATIONAL AND PROFESSIONAL LICENSING

CHAPTER 62 REAL ESTATE APPRAISERS

PART 12 FEES

16.62.12.1 ISSUING AGENCY: Regulation and Licensing Department - NM Real Estate Appraisers Board.

[2/29/96; 16.62.12.1 NMAC - Rn, 16 NMAC 62.12.1, 09/13/2004; A, 01/01/2015]

16.62.12.2 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.

[2/29/96; 16.62.12.2 NMAC - Rn & A, 16 NMAC 62.12.2, 09/13/2004; A, 01/01/2015; A, 02/03/2019]

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

[2/29/96; 16.62.12.3 NMAC - Rn, 16 NMAC 62.12.3, 09/13/2004; A, 09/26/2023]

16.62.12.4 DURATION: Permanent.

[2/29/96; 16.62.12.4 NMAC - Rn, 16 NMAC 62.12.4, 09/13/2004]

16.62.12.5 EFFECTIVE DATE: February 29, 1996, unless a later date is cited at the end of a section.

[2/29/96; 16.62.12.5 NMAC - Rn & A, 16 NMAC 62.12.5, 09/13/2004]

16.62.12.6 OBJECTIVE: This part lists the fees charged by the board.

[2/29/96; 16.62.12.6 NMAC - Rn, 16 NMAC 62.12.6, 09/13/2004]

16.62.12.7 DEFINITIONS: [RESERVED]

16.62.12.8 FEES: All fees required under the Real Estate Appraiser Act or these regulations are non-refundable unless otherwise noted.

A. Application fee for a trainee is $200, which includes the initial trainee period.

B. Application fee for a licensed residential is $300, which includes the initial licensing period.

C. Application fee for residential certification is $300, which includes the initial licensing period.

D. Application fee for general certification is $400, which includes the initial licensing period.

E. The fee for all examinations will be paid directly to the company who provides the exam.

F. The biennial renewal fee for trainee appraisers is $200.

G. The biennial renewal fee for licensed residential appraisers is $300.

H. The biennial renewal fee for residential certified appraisers is $300.

I. The biennial renewal fee for general certified appraisers is $355.

J. The current fee for listing on the federal registry as charged by the appraisal subcommittee (ASC).

K. The application fee for a temporary practice permit is $200.

L. The fee for replacement of trainee, license or certificate is $50.

M. The fee for a certificate of good standing is $25.

N. Administrative reinstatement fee is $200 for Retired and Inactive Status.

O. Administrative late fee is $100.00 for Expired Status if renewed within 90 days of expiration.

P. Administrative fees as follows:

(1) approved continuing education course is $50;

(2) approval of continuing education sponsorship is $75;

(3) licensee list is $150;

(4) miscellaneous is $25 up to a max of $100.

[2/29/96; 16.62.12.8 NMAC - Rn, 16 NMAC 62.12.8, 09/13/2004; A, 08/21/2010; A, 01/16/2011; A, 7/10/2011; A, 01/01/2015; A, 01/01/2015; A, 01/15/2017; A, 02/03/2019]

HISTORY OF 16.62.12 NMAC:

Pre-NMAC History: The material in this part was derived from that previously filed with the State Records Center and Archives under:

REAB Rule 12, Fees, filed 11/29/90.

Rule 13, Fees, filed 4/6/93.

Rule 13, Fees, filed 1/28/94.

History of Repealed Material: [RESERVED]

Other History:

Rule 13, Fees (filed 1/28/94) was renumbered, reformatted and replaced by 16 NMAC 62.12, Fees, effective 02/29/1996.

16 NMAC 62.12, Fees (filed 2/12/96) was renumbered, reformatted, amended, and replaced by 16.62.12 NMAC, Fees, effective 09/13/2004.