N.Y. Executive Law § 160-a: Definitions

§ 160-a. Definitions. As used in this article the following terms

shall mean:

1. "Analysis" is a study of real estate or real property other than

estimating value.

2. "Appraisal" or "real estate appraisal" means an analysis, opinion

or conclusion relating to the nature, quality, value or utility of

specified interests in, or aspects of, identified real estate. An

appraisal may be classified by subject matter into either a valuation or

an analysis.

3. "Appraisal report" means any written communication of an appraisal.

4. "Board" means the state board of real estate appraisal established

pursuant to the provisions of section one hundred sixty-c of this

article.

5. (a) "Certified appraisal" or "certified appraisal report" means an

appraisal or appraisal report given or signed and certified as such by a

certified real estate appraiser. When identifying an appraisal or

appraisal report as "certified", the state certified real estate

appraiser must indicate which type of certification is held. A certified

appraisal or appraisal report represents to the public that it meets the

appraisal standards defined in this article.

(b) "Licensed appraisal" or "licensed appraisal report" means an

appraisal or appraisal report given or signed and authenticated as such

by a licensed real estate appraiser. A licensing appraisal or appraisal

report represents to the public that it meets the appraisal standards as

prescribed by the board.

6. (a) "State certified real estate appraiser" means a person who

develops and communicates real estate appraisal and who holds a current,

valid certificate issued to him or her for either general or residential

real estate under the provisions of this article.

(b) "State licensed real estate appraiser" means a person who develops

and communicates real property appraisals and who holds a current valid

license issued to him or her for residential real property under the

provisions of this article.

(c) "State licensed real estate appraiser assistant" means a person

who assists and is supervised by a state certified real estate appraiser

and who holds a current valid license issued to him or her under the

provisions of this article.

7. "Department" shall mean the department of state.

8."Real estate" means an identified parcel or tract of land, including

improvements, if any.

9. "Real property" means one or more defined interests, benefits and

rights inherent in the ownership of real estate.

10. "Valuation" is an estimate of the value of real estate or real

property.