2019 New York Laws
EXC - Executive
Article 6-E - State Certified and Licensed Real Estate Appraisers
160-A - 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 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.