§ 93E-1-3. When registration, license, or certificate not required. - North Carolina Statutes

§ 93E‑1‑3.  Whenregistration, license, or certificate not required.

(a)        No traineeregistration, license, or certificate shall be issued under the provisions ofthis Chapter to a partnership, association, corporation, firm, or group.However, nothing herein shall preclude a registered trainee or licensed orcertified real estate appraiser from rendering appraisals for or on behalf of apartnership, association, corporation, firm, or group, provided the appraisalreport is prepared by a licensed or certified real estate appraiser or by aregistered trainee under the immediate personal direction of, the licensed orcertified real estate appraiser and is reviewed and signed by that licensed orcertified appraiser.

(b)        Repealed by SessionLaws 2001‑399, s. 1, effective October 1, 2001.

(c)        Nothing in thisChapter shall preclude a real estate broker licensed under Chapter 93A of theGeneral Statutes from performing a comparative market analysis as defined inG.S. 93E‑1‑4, provided the person does not represent himself orherself as being a registered trainee or a licensed or certified real estateappraiser. A real estate broker may perform a comparative market analysis forcompensation or other valuable consideration only for prospective or actualbrokerage clients or for real property involved in an employee relocationprogram.

(d)        Nothing in thisChapter shall abridge, infringe upon, or otherwise restrict the right to usethe term "certified ad valorem tax appraiser" or any similar term bypersons certified by the Department of Revenue to perform ad valorem taxappraisals, provided that the term is not used in a manner that creates theimpression of certification by the State to perform real estate appraisalsother than ad valorem tax appraisals.

(e)        Nothing in thisChapter shall entitle a registered trainee or a licensed or certified realestate appraiser to appraise real estate for ad valorem tax purposes unless theperson has first been certified by the Department of Revenue pursuant to G.S.105‑294.

(f)         A traineeregistration, license, or certificate is not required under this Chapter for:

(1)        Any person,partnership, association, or corporation that performs appraisals of propertyowned by that person, partnership, association, or corporation for the sole useof that person, partnership, association, or corporation;

(2)        Any court‑appointedcommissioner who conducts an appraisal pursuant to a judicially orderedevaluation of property;

(3)        Any person toqualify as an expert witness for court or administrative agency testimony, ifotherwise qualified;

(4)        A person whoappraises standing timber so long as the appraisal does not include adetermination of value of any land;

(5)        Any person employedby a lender in the performance of appraisals with respect to which federalregulations do not require a licensed or certified appraiser; and

(6)        A person whoperforms ad valorem tax appraisals and is certified by the Department ofRevenue under G.S. 105‑294 or G.S. 105‑296;

however, any person who isregistered, licensed, or certified under this Chapter and who performs any ofthe activities set forth in subdivisions (1) through (5) of this subsectionmust comply with all of the provisions of this Chapter. (1993, c. 419, s. 6; 1995, c.482, s. 2; 2001‑399, s. 1; 2007‑506, s. 2.)