NAC321.525. Selection of appraiser to perform appraisal: Procedure and criteria.

     1. If the Division is required to select an appraiser to perform an appraisal of land offered for sale or lease by the State Land Registrar, the Division will request bids to perform the appraisal from at least the first five appraisers to appear in the appropriate portion of the list of appraisers. If fewer than five appraisers appear in the appropriate portion of the list, the Division will request bids to perform the appraisal from all appraisers who appear in the appropriate portion of the list.

     2. The request for bids must include, without limitation:

     (a) A request for:

          (1) The estimated cost to complete the appraisal;

          (2) The estimated time to complete the appraisal; and

          (3) Verification of the qualifications of the appraiser to perform the appraisal, which may include an updated resume and appraisal sample.

     (b) A notice that when the appraiser submits a bid, the appraiser must provide to the Division a statement disclosing:

          (1) All sources of income of the appraiser that may constitute a conflict of interest if the appraiser performs the appraisal which is the subject of the request for a bid; and

          (2) Any relationship of the appraiser with:

               (I) The owner of the land that is the subject of the appraisal; or

               (II) The owner of a property adjoining the land that is the subject of the appraisal.

     (c) A notice that an appraiser shall not perform an appraisal on any land offered for sale or lease by the State Land Registrar if the appraiser or a person related to the appraiser within the first degree of consanguinity or affinity has an interest in the land or an adjoining property.

     3. The selection of an appraiser to perform an appraisal must be based on criteria to include, without limitation:

     (a) The response of the appraiser to the request for information described in paragraph (a) of subsection 2;

     (b) The past history of the appraiser in completing appraisal assignments for the State in a timely manner in accordance with agency requirements;

     (c) The appraiser’s estimated cost to perform the appraisal as compared with the assignment and other bids submitted; and

     (d) The appraiser’s estimated time to complete the appraisal as compared with other bids submitted and the requirements of the Division for completion of the assignment.

     4. If, after following the procedures set forth in subsections 1, 2 and 3, the Division has been unable to receive two appraisals, the Division will continue to request bids until two appraisals are obtained.

     (Added to NAC by Div. of St. Lands by R231-05, eff. 5-4-2006)