21 N.C. Admin. Code 57A.0501

Current through Register Vol. 39, No. 11, December 2, 2024

Section 57A .0501 - APPRAISAL STANDARDS

(a) Every registered trainee, and licensed and certified real estate appraiser, shall comply with the following provisions of the "Uniform Standards of Professional Appraisal Practice" (USPAP), promulgated by the Appraisal Standards Board of the Appraisal Foundation, all of which are incorporated by reference, including subsequent amendments and editions:

(1) Definitions;

(2) Preamble;

(3) Ethics Rule;

(4) Record Keeping Rule;

(5) Competency Rule;

(6) Scope of Work Rule;

(7) Jurisdictional Exception Rule; and

(8) Standards Rules 1, 2, 3, and 4.

(b) A copy of the USPAP document may be obtained from the Appraisal Foundation at https://www.appraisalfoundation.org. The cost for a copy of the USPAP document shall be no more than the fee set by the Appraisal Foundation.

21 N.C. Admin. Code 57A .0501

Authority G.S. 93E-1-10;
Eff. July 1, 1994;
Amended Eff. July 1, 2016; January 1, 2013; January 1, 2008; July 1, 2005; August 1, 2002; April 1, 1999;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. October 3, 2017;
Amended Eff. July 1, 2022; August 1, 2018.

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;

Amended by North Carolina Register Volume 31, Issue 01, July 1, 2016 effective 7/1/2016;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. October 3, 2017;.

Amended by North Carolina Register Volume 33, Issue 05, September 1, 2018 effective 8/1/2018.

Amended by North Carolina Register Volume 37, Issue 03, August 1, 2022 effective 7/1/2022.

Amended by North Carolina Register Volume 39, Issue 05, September 3, 2024 effective 8/1/2024.