Current through Register Vol. XLI, No. 50, December 13, 2024
Section 190-4-2 - Definitions2.1. "Appraisal" shall mean an analysis, opinion or conclusion prepared by a real estate appraiser relating to the nature, quality, value or utility of specified interests in, or aspects of, identified real estate or identified real property.2.2. "Appraisal Report" shall mean any communication, written or oral, of an appraisal.2.3. "Appraiser" shall mean any person who holds a State real estate appraiser license or State certification as a real estate appraiser issued to him or her under W. Va. Code §30-38 et seq. or has submitted himself or herself to jurisdiction hereunder to applying for and exercising a temporary permit thereunder.2.4. "Board" shall mean the Real Estate Appraiser Licensing and Certification Board established under W. Va. Code §30-38 et seq.2.5. "Uniform Standards of Professional Appraisal Practice" means the Uniform Standards of Professional Appraisal Practice (USPAP), published by the appraisal foundation, which are incorporated by reference and on file with the board and the office of the Secretary of State for use by all appraisers in the preparation of appraisal reports. This incorporation by reference contains no future additions or amendments. A copy of the USPAP may be obtained from the appraisal foundation.