SECTION .0500 - STANDARDS OF APPRAISAL PRACTICE
21 NCAC 57A .0501 APPRAISAL STANDARDS
Every registered trainee, and licensed and certified real
estate appraiser shall, in performing the acts and services of a registered
trainee, or licensed or certified real estate appraiser, comply with the
following provisions of the "Uniform Standards of Professional Appraisal
Practice" promulgated by the Appraisal Standards Board of the Appraisal
Foundation: Definitions, Preamble, Ethics Rule, Record Keeping Rule, Competency
Rule, Scope of Work Rule, Jurisdictional Exception Rule, Statements on
Appraisal Standards, and Standards Rules 1, 2 and 3, all of which are hereby
incorporated by reference. This incorporation by reference includes subsequent
amendments and editions of those provisions.
History Note: Authority G.S. 93E-1-10;
Eff. July 1, 1994;
Amended Eff. January 1, 2013; January 1, 2008; July 1,
2005; August 1, 2002; April 1, 1999.