Real Estate Appraisers
PUBLIC NOTICES DURING THE COVID-19 PUBLIC HEALTH EMERGENCY
Boards & Commissions Procedures During the COVID-19 Public Health Emergency (CLICK HERE FOR NOTICE)
Notice Regarding Continuing Education (CLICK HERE FOR NOTICE)
Boards & Commissions Notice of Closure of Non-Essential Services (CLICK HERE FOR NOTICE)
Requirement for Online Licensing Renewals (CLICK HERE FOR NOTICE)
Notice – Distance Learning and Continuing Education During COVID-19 Pandemic (CLICK HERE FOR NOTICE)
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- Policies for the Prevention & Control of COVID-19 in NM – August 28, 2020 (CLICK HERE FOR NOTICE)
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Real Estate Appraisers: Overview
The Board licenses and regulates real estate appraisers and appraisal management companies in New Mexico. It is illegal in New Mexico to appraise real estate without a license issued by the board. The Board receives and investigates complaints filed by members of the public against real estate appraisers and holds disciplinary hearings when necessary.
NEWS AND INFORMATION:
NOTICE TO ALL LICENSEES REGARDING PAY PAL MIGRATION:
Beginning July 15, 2019, there will be a 2.5% transaction fee applied to all online license, registration and renewal fees paid to the Regulation and Licensing Department with a credit card, this fee is paid directly as a bank transaction fee, it is not paid to the Regulation and Licensing Department. The Regulation and Licensing Department is working on development of an electronic check (e-check) payment option that will also be available in the near future. Use of the e-check option will not result in any transaction fees. Thank you.
***NOTICE REGARDING CREDIT CARD PAYMENTS***
Effective December 1, 2017
*As of Friday, December 1, 2017, RLD will no longer accept Credit Card payments in person at RLD offices, nor by electronic mail (email), or direct mail.
*RLD will continue to accept checks and money orders (no cash) at all RLD offices (Santa Fe, Albuquerque and Las Cruces) or by direct mail. However, please do not send Credit Card information to RLD by electronic mail (e-mail) or by direct mail. On and after December 1, 2017, credit card information received via email or regular mail will be destroyed without processing.
*RLD will continue to accept Credit Card payments through our existing secure online systems that can be accessed via the Internet from your home, place of business, or mobile Internet device.
*No credit card breach of data incidents have occurred to date. However, RLD is changing credit card processing to ensure a secure system is maintained in the future.
For more information contact:
NON-TAXABLE TRANSACTION CERTIFICATES
Section 47-14-18(F) of the New Mexico AMC Registration Act requires AMC’s to provide Type 5 NTTC’s to New Mexico licensed appraisers who perform appraisal services for AMC’s who will subsequently resell the appraiser services to lenders.
In order to execute NTTC’s to appraisers an AMC’s must register with the New Mexico Taxation and Revenue Department and obtain a Combined Reporting System (CRS) identification number for tax reporting purposes. Registration may be done on-line at the Taxation and Revenue Department website at http://tap.state.nm.us/NM_xwTapCrs.aspx.
The AMC’s must meet the statutory requirements set out in Section 7-9-48, NMSA 1978. Receipts from selling a service for resale may be deducted from gross receipts or from governmental gross receipts if the sale is made to a person who delivers a nontaxable transaction certificate to the seller. The buyer delivering the nontaxable transaction certificate must resell the service in the ordinary course of business and the resale must be subject to the gross receipts tax or governmental gross receipts tax.
If you have questions regarding New Mexico gross receipts tax, or if you need further information about applying for a CRS identification number, please contact the Taxation and Revenue Department directly, at 505-827-0951 or at http://www.tax.newmexico.gov/SiteCollectionDocuments/2011crs-01kit-06.pdf.