Maine Revised Statutes Title 32 Sec. 14034 – Temporary license
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A temporary license may be issued to a nonresident in accordance with this section. [PL 1999, c. 185, §5 (NEW).]
1. Scope of license. A temporary license authorizes the holder to perform the appraisal of real estate or real property in this State required by a contract.
[PL 1999, c. 185, §5 (NEW).]
Terms Used In Maine Revised Statutes Title 32 Sec. 14034
- Appraisal: A determination of property value.
- Appraisal: means an analysis, opinion or conclusion prepared by a real estate appraiser related to the nature, quality, value or utility of specified interests in, or aspects of, identified real property. See Maine Revised Statutes Title 32 Sec. 14002
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Real estate: means an identified parcel of land, including improvements, if any. See Maine Revised Statutes Title 32 Sec. 14002
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Real property: means one or more defined interests, benefits or rights inherent in the ownership of real estate. See Maine Revised Statutes Title 32 Sec. 14002
2. Professional qualifications. An applicant for a temporary license must:
A. Submit evidence that the applicant is licensed in good standing under the laws of another jurisdiction; and [PL 2013, c. 588, Pt. A, §42 (RPR).]
B. [PL 2013, c. 217, Pt. K, §11 (RP).]
C. Submit a copy of the contract for appraisal services that requires the applicant to appraise real estate or real property in this State and certify that the contract is in full force and effect. [PL 1999, c. 185, §5 (NEW).]
[PL 2013, c. 588, Pt. A, §42 (AMD).]
3. License limitations. A temporary license expires upon the completion of the appraisal work required by the contract or upon the expiration of a period of 6 months from the date of issuance, whichever occurs first. A temporary license may be extended for a period of 6 months from the expiration date of the original license upon request of the license holder and as necessary to fulfill the terms of the contract for appraisal services.
[PL 1999, c. 185, §5 (NEW).]
SECTION HISTORY
PL 1999, c. 185, §5 (NEW). PL 2013, c. 217, Pt. H, §2 (AMD). PL 2013, c. 217, Pt. K, §§10, 11 (AMD). PL 2013, c. 588, Pt. A, §42 (AMD).