New
Mexico Register / Volume XXXVI, Issue 17 / September 9, 2025
NOTICE OF PUBLIC RULE HEARING AND REAL
ESTATE APPRAISERS BOARD MEETING
The New
Mexico Real Estate Appraisers Board and the Regulation and Licensing Department
will hold a rule hearing on Friday, October 10, 2025, at 9:00 a.m., immediately
followed by a meeting of the Real Estate Appraisers Board for adoption of the
proposed rules listed below. The hearing
and subsequent board meeting will be held at the Regulation and Licensing
Department, located at 5500 San Antonio Drive SE., Albuquerque, New Mexico
87109.
The
hearing and subsequent Real Estate Appraisers Board meeting will also be held
via Microsoft Teams for those desiring to attend virtually.
Join the meeting now
Meeting
ID: 278 309 632 185 9
Passcode:
o2EJ9vm3
Dial
in by phone
+1
505-312-4308,,44853101# United States, Albuquerque
(888)
506-1357,,44853101# United States (Toll-free)
Phone
conference ID: 448 531 01#
The
purpose of the rule hearing is to consider the initiation of rulemaking for the
following rules:
16.62.2
NMAC – GENERAL PROVISIONS
16.62.3
NMAC – APPLICATION FOR LICENSED RESIDENTIAL
16.62.4
NMAC – APPLICATION FOR RESIDENTIAL CERTIFICATION
16.62.5
NMAC – APPLICATION FOR GENERAL CERTIFICATION
16.62.7
NMAC – ISSUANCE/RENEWAL OF APPRENTICE REGISTRATION/ LICENSES/ CERTIFICATIONS
16.62.8
NMAC – EDUCATION PROGRAMS/CONTINUING EDUCATION
16.62.12
NMAC – FEES
16.65.2
NMAC – REGISTRATION REQUIREMENTS
16.65.3
NMAC – APPLICATION FOR REGISTRATION
The
agenda for the rule hearing and board meeting will be posted and available at
least 72 hours before the meeting on the Real Estate Appraisers Board website at
https://www.rld.nm.gov/boards-and-commissions/individual-boards-and-commissions/real-estate-appraisers/statutes-rules-and-rule-hearings/. Copies of the agenda may also be obtained
by contacting the Board Administrator, Pamela Predika at (505) 220-3164.
The New
Mexico Real Estate Appraisers Board will begin accepting written public comment
regarding the proposed rule changes beginning on Thursday, October 9, 2025 at 8:00 a.m. and ending Thursday, October 9, 2025, 5:00
p.m. Written comments may be submitted by email to nm.reab@state.nm.us or
by postal mail to the following address:
New
Mexico Regulation and Licensing Department
Attn: Real
Estate Appraisers Board
5500 San
Antonio Drive SE
Albuquerque,
NM 87109
*Public
comment will also be accepted during the rule hearing and may be presented
orally, or in writing. Individuals who would like to participate and offer
public comment must appear in person. The members of the New Mexico Real Estate
Appraisers Board will not engage in substantive discussion of public comments
during the rule hearing but will consider all public comments during the board
meeting following the conclusion of the rule hearing.
For inclement weather: If New Mexico state
offices are placed on a two-hour delay due to inclement weather, the rule
hearing will be pushed back two hours from the noticed hearing time. If New
Mexico state offices are closed due to inclement weather, the rule hearing will
be rescheduled as soon as possible.
An
individual with a disability who is in need of a
reader, amplifier, qualified sign language interpreter, or other form of
auxiliary aid or service to attend or participate in the hearing, please
contact the Board Administrator Pamela Predika at 505-220-3164 at least 7 days
prior to the rule hearing and regular board meeting.
Statutory
Authority:
The
rule changes are authorized by the Real Estate Appraisers Act (ACT), Section
61-30-1 through 61-30-24 NMSA 1978, which provides explicit authority for the
Real Estate Appraisers Board (Board) to protect public health and safety and
adopt rules for the administration of the Act. The rulemaking and public rule
hearing is governed by the State Rules Act, Sections 14-4-1 through 14-4-11
NMSA 1978, and the Default Procedural Rule for Rulemaking promulgated by the
New Mexico Department of Justice, Parts 1.24.25 through 1.24.25.16 NMAC.
Purpose
of the Proposed Rules:
The
proposed rule changes aim to implement changes to reflect the modifications to
the Real Property Appraiser Qualification Criteria adopted by the Appraiser
Qualifications Board (AQB) requiring valuation bias and fair housing laws and
regulations education for real property appraisers. The changes also to implement fees for returned checks and for an
administrative electronic application annual fee. Generally, the proposed rules
are intended to provide greater clarity in existing regulatory and statutory
requirements, ensure continued high levels of professionalism among licensees
and certificate holders.
Summary
of Proposed Changes:
The
Board summarizes its proposed changes to its administrative rules as follows:
16.62.2 NMAC –
General Provisions amending education requirements pursuant to modification of
the Real Property Appraiser Qualification Criteria adopted by AQB and to set a
timeframe for required responses to the Board.
16.62.3 NMAC –
Application for Licensed Residential amending education requirements pursuant
to modification of the Real Property Appraiser Qualification Criteria adopted
by AQB and to set a timeframe for required responses to the Board.
16.62.4 NMAC – Application for
Residential Certification amending
education requirements pursuant to modification of the Real Property Appraiser
Qualification Criteria adopted by AQB and to set a timeframe for required
responses to the Board.
16.62.5 NMAC –
Application for General Certification amending education requirements pursuant
to modification of the Real Property Appraiser Qualification Criteria adopted
by AQB and to set a timeframe for required responses to the Board.
16.62.7 NMAC –
Issuance/Renewal of Apprentice Registration/Licenses/Certifications amending
education requirements pursuant to modification of the Real Property Appraiser
Qualification Criteria adopted by AQB.
16.62.8 NMAC –
Education Programs/Continuing Education amending education requirements
pursuant to modification of the Real Property Appraiser Qualification Criteria
adopted by AQB and to set a timeframe for required responses to the Board.
16.62.12 NMAC
– Fees to implement returned check and administrative electronic application
annual fees to pay for ongoing technological expenses incurred while using
Salesforce/NM-Plus system.
16.65.2 NMAC –
Registration Requirements amending education requirements pursuant to
modification of the Real Property Appraiser Qualification Criteria adopted by
AQB.
16.65.3 NMAC –
Application for Registration amending education requirements pursuant to
modification of the Real Property Appraiser Qualification Criteria adopted by
AQB.