Any person who performs a real estate appraisal or appraisal review, who is not licensed or certified under this chapter and who knowingly assumes or uses any title, designation or abbreviation likely to create the impression of licensure or certification by this state or any person who knowingly provides false or fraudulent information to the superintendent is guilty of a class 1 misdemeanor.

Terms Used In Arizona Laws 32-3638

  • Appraisal: A determination of property value.
  • Appraisal review: means the act of reviewing or the report that follows a review of an appraisal assignment or appraisal report in which a real estate appraiser forms an opinion as to the adequacy and appropriateness of the report being reviewed. See Arizona Laws 32-3601
  • Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
  • Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
  • Real estate: means an identified parcel or tract of land, including improvements, if any. See Arizona Laws 32-3601
  • Superintendent: means the superintendent of the financial institutions division of the department. See Arizona Laws 32-3601