Maine Revised Statutes > Title 32 > Chapter 124 – Real Estate Appraisal Licensing and Certification
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Terms Used In Maine Revised Statutes > Title 32 > Chapter 124 - Real Estate Appraisal Licensing and Certification
- Adjusted base minimum price: means the base minimum price plus any amounts established by the Maine Milk Commission to reflect the increased costs of production pursuant to section 2954, subsection 2, paragraph A. See Maine Revised Statutes Title 7 Sec. 3152
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Appraisal: A determination of property value.
- Appraisal: means an analysis, opinion or conclusion prepared by a real estate appraiser related to the nature, quality, value or utility of specified interests in, or aspects of, identified real property. See Maine Revised Statutes Title 32 Sec. 14002
- Appraisal foundation: means the appraisal foundation incorporated as an Illinois nonprofit corporation on November 30, 1987 and recognized under the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989 as the organization that establishes the Uniform Standards of Professional Appraisal Practice. See Maine Revised Statutes Title 32 Sec. 14002
- Appraisal report: means any written or oral communication of an appraisal. See Maine Revised Statutes Title 32 Sec. 14002
- Appraiser qualifications board: means an independent board of the appraisal foundation authorized to establish the minimum education, experience and examination criteria for licensed real estate appraisers. See Maine Revised Statutes Title 32 Sec. 14002
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Base minimum price: means Class I, Class II and Class III prices established pursuant to the northeast marketing area milk marketing order. See Maine Revised Statutes Title 7 Sec. 3152
- Blend price: means the price of milk per hundredweight computed as the sum of the Class I price multiplied by the percentage of milk sold as Class I milk, the Class II price multiplied by the percentage sold as Class II milk and the Class III price multiplied by the percentage sold as Class III milk. See Maine Revised Statutes Title 7 Sec. 3152
- Board: means the Board of Real Estate Appraisers. See Maine Revised Statutes Title 32 Sec. 14002
- Boston market producer: means any Maine milk producer selling to a dealer marketing milk subject to the northeast marketing area milk marketing order, or any agricultural cooperative that buys milk from or handles milk for such a producer and sells it to such a dealer. See Maine Revised Statutes Title 7 Sec. 3152
- Commissioner: means the Commissioner of Professional and Financial Regulation. See Maine Revised Statutes Title 32 Sec. 14002
- Complex residential property: means a residential property of one to 4 units exhibiting characteristics, determined by the board, that are not typical of the property type or marketplace, including, but not limited to:
A. See Maine Revised Statutes Title 32 Sec. 14002Contract: A legal written agreement that becomes binding when signed. Dealer: means any person or entity who purchases or receives milk from a producer within the State for processing and sale within or outside the State. See Maine Revised Statutes Title 7 Sec. 3152 Deed: The legal instrument used to transfer title in real property from one person to another. Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime. Department: means the Department of Professional and Financial Regulation. See Maine Revised Statutes Title 32 Sec. 14002 Dismissal: The dropping of a case by the judge without further consideration or hearing. Source: Eligible marketing cooperative: means an association of milk producers organized to negotiate producer prices higher than the minimum producer prices established pursuant to the northeast marketing area milk marketing order and that the commissioner has determined will not, through its operation, evade, impair or undermine the purposes of this chapter. See Maine Revised Statutes Title 7 Sec. 3152 Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other. Federally related transaction: means any financial transaction related to real estate that:
A. See Maine Revised Statutes Title 32 Sec. 14002Fraud: Intentional deception resulting in injury to another. Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC Lien: A claim against real or personal property in satisfaction of a debt. Maine market dealer: means any dealer as defined in subsection 4 who sells milk subject to the price control authority of the Maine Milk Commission. See Maine Revised Statutes Title 7 Sec. 3152 Maine market producer: means any Maine milk producer selling to a dealer marketing milk on the Maine market, or any agricultural cooperative that buys milk or handles milk for such a producer and sells it to such a dealer. See Maine Revised Statutes Title 7 Sec. 3152 Maine Milk Pool: means the sum of collections as prescribed in section 3153, from Maine market producers. See Maine Revised Statutes Title 7 Sec. 3152 Majority: when used in reference to age shall mean the age of 18 and over. See Maine Revised Statutes Title 1 Sec. 72 Month: means a calendar month. See Maine Revised Statutes Title 1 Sec. 72 Municipal officers: means the mayor, councillors and aldermen of cities, the members of the select board of towns and the assessors of plantations. See Maine Revised Statutes Title 36 Sec. 501 Municipality: shall include cities, towns and plantations. See Maine Revised Statutes Title 36 Sec. 501 Noncomplex residential property: means property that is not defined as complex residential property in subsection 7. See Maine Revised Statutes Title 32 Sec. 14002 Notice: means written notification served personally, sent by certified mail or sent by first-class mail to the last known address of the person for whom the notification is intended. See Maine Revised Statutes Title 36 Sec. 111 Over-order premium: means that part of the minimum Class I, Class II and Class III prices established by the Maine Milk Commission pursuant to chapter 603, that exceeds the applicable Class I, Class II and Class III prices established pursuant to the northeast marketing area milk marketing order as adjusted to reflect the increased costs of production pursuant to section 2954, subsection 2, paragraph A. See Maine Revised Statutes Title 7 Sec. 3152 Person: means an individual, firm, partnership, association, society, club, corporation, financial institution, estate, trust, business trust, receiver, assignee or any other group or combination acting as a unit, the State or Federal Government or any political subdivision or agency of either government. See Maine Revised Statutes Title 36 Sec. 111 Personal property: All property that is not real property. Plaintiff: The person who files the complaint in a civil lawsuit. Plant price: means the F. See Maine Revised Statutes Title 7 Sec. 3152 Real estate: means an identified parcel of land, including improvements, if any. See Maine Revised Statutes Title 32 Sec. 14002 Real estate: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72 Real estate appraisal activity: means the act or process of making an appraisal of real property and communicating a report. See Maine Revised Statutes Title 32 Sec. 14002 Real estate appraiser: includes review appraisers and appraisal administrators. See Maine Revised Statutes Title 32 Sec. 14002 Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land. Real property: means one or more defined interests, benefits or rights inherent in the ownership of real estate. See Maine Revised Statutes Title 32 Sec. 14002 Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant. Return: means any document, digital file or electronic data transmission containing information required by this Title to be reported to the State Tax Assessor. See Maine Revised Statutes Title 36 Sec. 111 Tax: means the total amount required to be paid, withheld and paid over or collected and paid over with respect to estimated or actual tax liability under this Title, any credit or reimbursement allowed or paid pursuant to this Title that is recoverable by the assessor and any amount assessed by the assessor pursuant to this Title, including any interest or penalties provided by law. See Maine Revised Statutes Title 36 Sec. 111 Tax collector: shall mean any person chosen, appointed or designated by a municipality or the officers thereof to collect any tax due a municipality; or his successor in office. See Maine Revised Statutes Title 36 Sec. 501 Testimony: Evidence presented orally by witnesses during trials or before grand juries. Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence. Trustee: A person or institution holding and administering property in trust. Uniform Standards of Professional Appraisal Practice: means those standards adopted by the appraisal standards board of the appraisal foundation. See Maine Revised Statutes Title 32 Sec. 14002 United States: includes territories and the District of Columbia. See Maine Revised Statutes Title 1 Sec. 72 Utilization rate: means the percentage of milk produced that is used as Class I or fluid milk, the percentage of milk produced that is used as Class II milk and the percentage of milk that is used as Class III milk. See Maine Revised Statutes Title 7 Sec. 3152 Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72