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)