'Appraisal firm' means a person, limited-liability company, partnership, association or corporation: 1. Which, for compensation, prepares and communicates appraisals; 2. Whose principal is an appraiser licensed pursuant to this chapter; and 3. Whose principal supervises, trains and reviews work product produced by the persons who produce appraisals for the person, limited-liability company, partnership, association or corporation, including, without limitation, employees and independent contractors. (Added to NRS by 2009, 1513)
Nevada Legal Code