018-1 Wyo. Code R. § 1-2
Terms defined in the act shall have the same meanings when used in these rules unless the context or subject matter clearly requires a different interpretation.
(a) "Applicant" means a person or Appraisal management company (AMC) who submits an application for a permit or registration to the Board. This definition does not include temporary work orders;
(b) "Appraiser Qualifications Board" "AQB" is the independent board of the Appraisal Foundation which sets the qualification standards for appraisers;
(c) "Appraisal Standards Board" "ASB" is the independent board of the Appraisal Foundation which sets the appraisal standards for appraisers;
(d) "Appraisal Subcommittee "ASC" is the Appraisal Subcommittee of the Federal Financial Institutions Examination Council;
(e) "Board" means the Wyoming certified real estate appraiser board;
(f) "Certified general real estate appraiser" means a person certified by the director to develop and communicate real estate appraisals of all types of property;
(g) "Certified real estate appraiser trainee" means a person certified by the director to develop and communicate real estate appraisals under the immediate and personal direction of a certified real estate appraiser;
(h) "Certified residential real estate appraiser" means a person certified by the director to develop and communicate real estate appraisals of all types of residential property of one-to-four units and vacant or unimproved land that is utilized for one-to-four residential unit purposes or for which the highest and best use is for one-to-four residential units, not to include the appraisal of subdivisions for which a development analysis/appraisal is necessary;
(j) "Client" means any person or entity that contracts with, or otherwise enters into an agreement with, an appraisal management company for the performance of appraisal management services and real estate appraisal services;
(k) "Director" means the director of the Wyoming Real Estate Commission who serves on the Board as a non-voting ex-officio member;
(l) "In good standing" means maintaining an active certification in this state pursuant to the Certified Real Estate Appraiser Act, which certification is not subject to any disciplinary or probationary restrictions;
(m) "Jurisdiction" includes all fifty states and the commonwealth of the Northern Mariana Islands, Guam, Puerto Rico, the District of Columbia and the Virgin Islands as recognized by the United States of America.
(n) "Permit number" means the permit number, which appears on the permit issued to an appraiser or certified real estate trainee by the Board. The Appraiser's permit number and type of certification shall appear on all appraisal reports, i.e., "Certified General Real Estate Appraiser, Wyoming Permit No.," or "Certified Residential Real Estate Appraiser, Wyoming Permit No.," or "Certified Real Estate Appraiser Trainee, Wyoming Permit No."
(o) "Proof of completion" is a certified transcript or certificate from the entity offering the course/seminar which states the name of the appraiser, certified real estate trainee, the title of the course/seminar, and the date of completion.
(p) "Registration number" means the specific number issued to each individual AMC.
(q) "Temporary work order" means work of a temporary nature, not to exceed one (1) appraisal assignment which shall be completed within six (6) months from date of issuance of the temporary work order.
(r) "USPAP" means the Uniform Standards of Professional Appraisal Practice.
018-1 Wyo. Code R. § 1-2
Amended, Eff. 6/8/2016.
Amended, Eff. 6/21/2018.