New Mexico Statutes 47-14-15. Adherence to standards
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Each appraisal management company seeking to be registered in this state shall certify to the board on an annual basis that it has a system in place to review the work of all independent appraisers that are performing real estate appraisal services for the appraisal management company on a periodic basis to ensure that the real estate appraisal services are being conducted in accordance with uniform standards of professional appraisal practice.
Terms Used In New Mexico Statutes 47-14-15
- Appraisal: A determination of property value.