N.Y. Executive Law Section 160-I
Examination requirement


An original certification as a state certified real estate appraiser or an original license as a state licensed real estate appraiser shall not be issued to any person who has not demonstrated through a written examination process that he or she possesses the following:

1.

Appropriate knowledge of technical terms commonly used in or related to real estate appraising, appraisals, report writing and economic concepts applicable to real estate;

2.

Understanding of the principles of land economics, real estate appraisal processes, and of problems likely to be encountered in gathering, interpreting and processing of data in carrying out appraisal disciplines;

3.

Understanding of the standards for the development and communication of real estate appraisals as provided in this article;

4.

Knowledge of theories of depreciation, cost estimating, methods of capitalization, and the mathematics of real estate appraisal that are appropriate for the classification of certificate applied for;

5.

Knowledge of other principles and procedures as may be appropriate for the respective classifications;

6.

Basic understanding of real estate law; and

7.

Understanding of the types of misconduct for which disciplinary proceedings may be initiated against a state certified real estate appraiser or a state licensed real estate appraiser, as set forth in this article.

Source: Section 160-I — Examination requirement, https://www.­nysenate.­gov/legislation/laws/EXC/160-I (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 160-I’s source at nysenate​.gov

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