Nebraska Statutes 76-2247.01. Services; authorized; standards applicable
Current as of: 2023 | Check for updates
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(1) A person may retain or employ a real property appraiser credentialed under the Real Property Appraiser Act to perform valuation services. In each case, the valuation services specific to real property appraisal practice, including any report, shall comply with the Real Property Appraiser Act and the Uniform Standards of Professional Appraisal Practice.
Terms Used In Nebraska Statutes 76-2247.01
- Appraisal: means (1) as a noun, an opinion of value or the act or process of developing an opinion of value or (2) as an adjective, pertaining to appraising and related functions such as real property appraisal practice. See Nebraska Statutes 76-2204
- Appraisal: A determination of property value.
- Assignment: means a valuation service that is performed by a real property appraiser as a consequence of an agreement with a client. See Nebraska Statutes 76-2207.01
- Client: means the person or persons who engage a real property appraiser by employment or contract in a specific assignment whether directly or through an agent. See Nebraska Statutes 76-2207.22
- Evaluation assignment: means an assignment that relates to the nature, quality, or utility of identified real estate or identified real property and typically does not include an opinion of value. See Nebraska Statutes 76-2207.28
- Person: means an individual or a firm, a partnership, a limited partnership, a limited liability company, an association, a corporation, or any other group engaged in joint business activities, however organized. See Nebraska Statutes 76-2213.02
- Real property: means one or more defined interests, benefits, or rights inherent in the ownership of real estate. See Nebraska Statutes 76-2214.01
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Real property appraiser: means a person who is a credential holder. See Nebraska Statutes 76-2216
- Report: means any communication, written, oral, or by electronic means, of assignment results transmitted to the client or a party authorized by the client upon completion of an assignment. See Nebraska Statutes 76-2216.02
- Valuation services: means services pertaining to an aspect of property value, including a service performed by real property appraisers. See Nebraska Statutes 76-2219.01
(2) In a valuation assignment, the real property appraiser shall remain an impartial, disinterested third party. When providing an evaluation assignment, the real property appraiser may respond to a client‘s stated objective but shall also remain an impartial, disinterested third party.