2021 New York Laws
EXC - Executive
Article 6-H - Real Estate Appraisal Management Companies
160-JJJJ - Employee Requirements.

§  160-jjjj. Employee requirements. 1. An appraisal management company
  that applies for a  certificate  of  registration  shall  not  knowingly
  employ,  utilize,  or  engage,  for any real estate appraisal, valuation
  service or appraisal review assignment, a person who has had  a  license
  or  certificate  to  act  as  an appraiser in this state or in any other
  state denied, revoked, or surrendered in lieu  of  possible  discipline,
  unless such license has been reinstated.
2.  Prior  to  placing  an  assignment  for  an appraisal or valuation
  service with an  appraiser  on  the  appraiser  panel  of  an  appraisal
  management  company,  the appraisal management company shall verify that
  the appraiser receiving the  assignment  is  a  competent  appraiser  as
  defined by the USPAP Competency Rule with regards to geographic area and
  the  type of property being appraised. An appraiser is deemed part of an
  appraisal management company panel as of the earliest date on which: (a)
  the appraisal management company accepts the appraiser for consideration
  for  future  appraisal  assignments  in  covered  transactions  or   for
  secondary  mortgage  market  participants  in  connection  with  covered
  transactions; or (b) engages  the  appraiser  to  perform  one  or  more
  appraisals  on  behalf  of  a  creditor  for  a  covered  transaction or
  secondary  mortgage  market  participant  in  connection  with   covered
  transactions.
3.  An appraisal management company may not hire, employ or engage, or
  in any way contract with  or  pay  a  person  who  is  not  licensed  or
  certified  as  a  real  estate  appraiser  by the department pursuant to
  article six-E  of  this  chapter  for  the  purposes  of  performing  an
  appraisal  as  defined  in  this  article. Nothing in this section shall
  prohibit  an  appraisal  management  company  from  hiring,   employing,
  engaging  or  contracting  with or paying a person to perform a property
  inspection, or property evaluation if they are licensed as an appraiser,
  a real estate broker including associate real estate  brokers  and  real
  estate  salespersons  pursuant  to article twelve-A of the real property
  law or a home  inspector  pursuant  to  article  twelve-B  of  the  real
  property  law, or a person to perform a broker price opinion if they are
  licensed as a real estate broker including associate real estate brokers
  and real estate salespersons pursuant to article twelve-A  of  the  real
  property law.
4.  An  appraiser  shall be considered part of an appraisal management
  company's appraiser panel until: (a) the  appraisal  management  company
  sends a written notice to such appraiser removing such appraiser with an
  explanation; or (b) receives a written notice from such appraiser asking
  to be removed or of the death or incapacity of such appraiser.