N.M. Stat. § 61-30-14
Issuance and renewal of registration, licenses and
certificates.
A. The board shall issue to each qualified applicant evidence of registration, a
license or a certificate in a form and size prescribed by the board.
B. The board in its discretion may renew registrations, licenses or certificates for
periods of one, two or three years for the purpose of coordinating continuing education
requirements with registration, license or certificate renewal requirements.
C. Each registration, license or certificate holder shall submit proof of compliance
with continuing education requirements and the renewal fee.
D. Each application for renewal shall include payment of a registry fee set by the
federal financial institutions examination council. The registry fee shall be transmitted by
the board to the federal financial institutions examination council.
E. The board shall certify renewal of each registration, license or certificate in the
absence of any reason or condition that might warrant the refusal of the renewal of a
registration, license or certificate.
F. In the event that a registration, license or certificate holder fails to properly apply
for renewal of the registration, license or certificate within the thirty days immediately
following the registration, license or certificate renewal date of any given year, the
registration, license or certificate shall expire thirty days following the renewal date.
G. The board may renew an expired registration upon application, payment of the
current annual renewal fee, submission of proof of compliance with continuing
education requirements and payment of a reinstatement fee in the amount not to
exceed two hundred dollars ($200), in addition to any other fee permitted under the
Real Estate Appraisers Act.
H. The board may renew an expired license or certificate upon application, payment
of the current annual renewal fee, submission of proof of compliance with continuing
education requirements and payment of the reinstatement fee, in addition to any other
fee permitted under the Real Estate Appraisers Act; provided that the board may, in the
board's discretion, treat the former certificate holder as a new applicant and further may
require reexamination as a condition to reissuance of a certificate.
I. If during a period of one year from the date a registration, license or certificate
expires, the registration, license or certificate holder is either absent from this state on
active duty military service or is suffering from an illness or injury of such severity that
the person is physically or mentally incapable of renewal of the registration, license or
certificate, payment of the reinstatement fee and, in the case of a license or certificate
holder, reexamination shall not be required by the board if, within three months of the
person's permanent return to this state or sufficient recovery from illness or injury to
allow the person to make an application, the person makes application to the board for
renewal. A copy of the person's military orders or a certificate of the applicant's
physician shall accompany the application.
J. The board may adopt additional requirements by rule for the issuance or renewal
of registrations, licenses or certificates to maintain or upgrade real estate appraiser
qualifications at a level no less than the recommendations of the appraiser qualifications
board of the appraisal foundation or the requirements of the appraisal subcommittee.