This text of Wyoming § 33-39-102 (Definitions) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
(a)As used in this act:
(i)"Appraisal" or "real estate appraisal" means a
supportable opinion or conclusion relating to the nature,
quality, value or utility of specified interests in, or aspects
of, identified real estate;
(ii)"Appraisal assignment" means an engagement for
which an appraiser is employed or retained to act, or would be
perceived by third parties or the public as acting, as a
disinterested third party in rendering an unbiased supportable
opinion or conclusion relating to the nature, quality, value or
utility of specified interests in, or aspects of, identified
real estate;
(iii)"Appraisal foundation" means the appraisal
foundation incorporated as an Illinois corporation on November
30, 1987;
(iv)"Appraisal report" means any communication,
written or oral, of an apprais
Free access — add to your briefcase to read the full text and ask questions with AI
(a) As used in this act:
(i) "Appraisal" or "real estate appraisal" means a
supportable opinion or conclusion relating to the nature,
quality, value or utility of specified interests in, or aspects
of, identified real estate;
(ii) "Appraisal assignment" means an engagement for
which an appraiser is employed or retained to act, or would be
perceived by third parties or the public as acting, as a
disinterested third party in rendering an unbiased supportable
opinion or conclusion relating to the nature, quality, value or
utility of specified interests in, or aspects of, identified
real estate;
(iii) "Appraisal foundation" means the appraisal
foundation incorporated as an Illinois corporation on November
30, 1987;
(iv) "Appraisal report" means any communication,
written or oral, of an appraisal;
(v) "Board" means the certified real estate appraiser
board;
(vi) "Commission" means the Wyoming real estate
commission;
(vii) "Inactive permittee" means a permittee who has
temporarily surrendered his license to the board, who can no
longer function as a certified real estate appraiser, but who
may reactivate his permit without having to take an examination.
An inactive status permittee may be subject to disciplinary
action and activation of an inactive permit may be subject to a
denial action;
(viii) "Permit" means the document issued by the
board certifying that the person named thereon has fulfilled all
requirements for obtaining a permit to practice as a certified
real estate appraiser or temporary certified appraiser under
this act;
(ix) "Permittee" means any individual who has been
issued a permit under this act to practice as a certified
general or residential appraiser, a temporary certified
appraiser or a certified appraiser trainee;
(x) "Market analysis" means a price opinion prepared
by a real estate licensee for marketing purposes;
(xi) "Real estate" means leaseholds, as well as any
other interest or estate in land, whether corporeal,
incorporeal, freehold or nonfreehold, and whether the real
estate is situated in this state or elsewhere;
(xii) "Certified real estate appraiser" means a
person who develops and communicates real estate appraisals and
who holds a valid permit issued to him for either general or
residential real estate under the provisions of this act;
(xiii) Repealed by Laws 2019, ch. 63, § 2.
(xiv) "Salaried employee" means any person employed
on a salaried basis or paid wages and the employee is subject to
income tax and federal insurance contributions (FICA)
withholding;
(xv) "Specialized services" means any activity that
falls outside of the definition of appraisal or appraisal
assignment;
(xvi) "Uniform standards of professional appraisal
practices" (USPAP) means that edition of the standards of
appraisal practice promulgated by the appraisal foundation as
adopted by the board;
(xvii) "Certified appraiser trainee" means a person
who drafts and communicates real estate appraisals and who holds
a valid permit for either general or residential real estate
training under this act;
(xviii) "Temporary permit" means written permission
from the board to an actively certified appraiser in good
standing in at least one (1) recognized permitting jurisdiction
to conduct the number of appraisal assignments the board allows
in the time frame set by the board. A temporary permit shall not
require completion of a criminal history record background check
and may be abbreviated in other respects as prescribed in board
rule;
(xix) "Temporary certified appraiser" means a
certified appraiser who has been granted a temporary permit by
the board;
(xx) "This act" means W.S. 33-39-101 through 33-39-
130.