45:14F-19 - Examinations for licensure, certification - New-jersey Statutes

State Codes and Statutes

Statutes > New-jersey > Title-45 > Section-45-14f > 45-14f-19

45:14F-19.   Examinations for licensure, certification
     The examinations for licensure or certification under the provisions of this act shall demonstrate that the applicant possesses the following:

    a.   An appropriate knowledge of technical terms commonly used in or related to real estate appraisal, appraisal report writing, and economic concepts applicable to real estate law;

    b.   A basic understanding of real estate law;

    c.   An understanding of the principles of land economics, the real estate appraisal process and problems likely to be encountered in the gathering and processing of data in carrying out appraisal disciplines;

    d.   An understanding of the standards for the development and communication of real estate appraisal reports established by the board pursuant to this act;

    e.   An understanding of the grounds for which the board may initiate disciplinary proceedings against a State licensed or certified real estate appraiser, as the case may be;

    f.   Knowledge of theories of depreciation, cost estimating, methods of capitalization, and the mathematics of real estate appraisal which relate to the classification for which the applicant is applying; and

    g.   Knowledge of other real estate appraisal principles and procedures which may relate to the classification for which the applicant is applying.

    L.1991,c.68,s.19.

State Codes and Statutes

Statutes > New-jersey > Title-45 > Section-45-14f > 45-14f-19

45:14F-19.   Examinations for licensure, certification
     The examinations for licensure or certification under the provisions of this act shall demonstrate that the applicant possesses the following:

    a.   An appropriate knowledge of technical terms commonly used in or related to real estate appraisal, appraisal report writing, and economic concepts applicable to real estate law;

    b.   A basic understanding of real estate law;

    c.   An understanding of the principles of land economics, the real estate appraisal process and problems likely to be encountered in the gathering and processing of data in carrying out appraisal disciplines;

    d.   An understanding of the standards for the development and communication of real estate appraisal reports established by the board pursuant to this act;

    e.   An understanding of the grounds for which the board may initiate disciplinary proceedings against a State licensed or certified real estate appraiser, as the case may be;

    f.   Knowledge of theories of depreciation, cost estimating, methods of capitalization, and the mathematics of real estate appraisal which relate to the classification for which the applicant is applying; and

    g.   Knowledge of other real estate appraisal principles and procedures which may relate to the classification for which the applicant is applying.

    L.1991,c.68,s.19.

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State Codes and Statutes

Statutes > New-jersey > Title-45 > Section-45-14f > 45-14f-19

45:14F-19.   Examinations for licensure, certification
     The examinations for licensure or certification under the provisions of this act shall demonstrate that the applicant possesses the following:

    a.   An appropriate knowledge of technical terms commonly used in or related to real estate appraisal, appraisal report writing, and economic concepts applicable to real estate law;

    b.   A basic understanding of real estate law;

    c.   An understanding of the principles of land economics, the real estate appraisal process and problems likely to be encountered in the gathering and processing of data in carrying out appraisal disciplines;

    d.   An understanding of the standards for the development and communication of real estate appraisal reports established by the board pursuant to this act;

    e.   An understanding of the grounds for which the board may initiate disciplinary proceedings against a State licensed or certified real estate appraiser, as the case may be;

    f.   Knowledge of theories of depreciation, cost estimating, methods of capitalization, and the mathematics of real estate appraisal which relate to the classification for which the applicant is applying; and

    g.   Knowledge of other real estate appraisal principles and procedures which may relate to the classification for which the applicant is applying.

    L.1991,c.68,s.19.