2006 New York Code - Definitions.



 
    § 160-a. Definitions.  As  used  in  this  article the following terms
  shall mean:
    1."Analysis" is a study of real estate or  real  property  other  than
  estimating value.
    2.  "Appraisal"  or "real estate appraisal" means an analysis, opinion
  or conclusion relating to the  nature,  quality,  value  or  utility  of
  specified  interests  in,  or  aspects  of,  identified  real estate. An
  appraisal may be classified by subject matter into either a valuation or
  an analysis.
    3. "Appraisal report" means any written communication of an appraisal.
    4. "Board" means the state board of real estate appraisal  established
  pursuant  to  the  provisions  of  section  one  hundred sixty-c of this
  article.
    5. (a) "Certified appraisal" or "certified appraisal report" means  an
  appraisal or appraisal report given or signed and certified as such by a
  certified  real  estate  appraiser.    When  identifying an appraisal or
  appraisal  report  as  "certified",  the  state  certified  real  estate
  appraiser must indicate which type of certification is held. A certified
  appraisal or appraisal report represents to the public that it meets the
  appraisal standards defined in this article.
    (b)  "Licensed  appraisal"  or  "licensed  appraisal  report" means an
  appraisal or appraisal report given or signed and authenticated as  such
  by  a licensed real estate appraiser. A licensing appraisal or appraisal
  report represents to the public that it meets the appraisal standards as
  prescribed by the board.
    6. (a) "State certified real estate  appraiser"  means  a  person  who
  develops and communicates real estate appraisal and who holds a current,
  valid certificate issued to him or her for either general or residential
  real estate under the provisions of this article.
    (b) "State licensed real estate appraiser" means a person who develops
  and  communicates real property appraisals and who holds a current valid
  license issued to him or her for residential  real  property  under  the
  provisions of this article.
    (c)  "State  licensed  real estate appraiser assistant" means a person
  who assists and is supervised by a state licensed real estate  appraiser
  or  state  certified real estate appraiser and who holds a current valid
  license issued to him or her under the provisions of this article.
    7. "Department" shall mean the department of state.
    8."Real estate" means an identified parcel or tract of land, including
  improvements, if any.
    9. "Real property" means one or more defined interests,  benefits  and
  rights inherent in the ownership of real estate.
    10.  "Valuation"  is  an  estimate of the value of real estate or real
  property.

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