{"data":{"id":"us-nj/n.j.-stat.-45-14f-19","jurisdiction":"us-nj","citation":"N.J. Stat. § 45:14F-19","heading":"Examinations for licensure, certification","body":"The examinations for licensure or certification under the provisions of this act shall demonstrate that the applicant possesses the following:\na.   An appropriate knowledge of technical terms commonly used in or related to real estate appraisal, appraisal report writing, and economic concepts applicable to real estate law;\nb.   A basic understanding of real estate law;\nc.   An understanding of the principles of land economics, the real estate appraisal process and problems likely to be encountered in the gathering and processing of data in carrying out appraisal disciplines;\nd.   An understanding of the standards for the development and communication of real estate appraisal reports established by the board pursuant to this act;\ne.   An understanding of the grounds for which the board may initiate disciplinary proceedings against a State licensed or certified real estate appraiser, as the case may be;\nf.   Knowledge of theories of depreciation, cost estimating, methods of capitalization, and the mathematics of real estate appraisal which relate to the classification for which the applicant is applying; and\ng.   Knowledge of other real estate appraisal principles and procedures which may relate to the classification for which the applicant is applying.\nL.1991,c.68,s.19.","path":["TITLE 45 PROFESSIONS AND OCCUPATIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"40312a442bc7c19c0e709d102888bd309775b55d25573f83539af946a2e1a35c","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-45-14f-18","next":"us-nj/n.j.-stat.-45-14f-20"},"notice":"GroundRules: Original legal text. Not legal advice."}