645C.032 - “Appraisal firm” defined. - Nevada Statutes

645C.032  “Appraisal firm” defined.  “Appraisal firm” means a person, limited-liability company, partnership, association or corporation:

      1.  Which, for compensation, prepares and communicates appraisals;

      2.  Whose principal is an appraiser licensed pursuant to this chapter; and

      3.  Whose principal supervises, trains and reviews work product produced by the persons who produce appraisals for the person, limited-liability company, partnership, association or corporation, including, without limitation, employees and independent contractors.

      (Added to NRS by 2009, 1513)