Terms Used In N.Y. Executive Law 160-BBBB

  • Appraisal: A determination of property value.
  • Department: means the New York state department of state. See N.Y. Executive Law 160-AAAA
  • Person: means an individual, partnership, corporation, or any other entity recognized under New York state law. See N.Y. Executive Law 160-AAAA

It shall be unlawful for a person to, directly or indirectly, engage or attempt to engage in business as an appraisal management company, or to advertise or hold oneself out as engaging in or conducting business as an appraisal management company without first obtaining a certificate of registration issued by the department under the provisions of this article.