Sec. 08.87.900. - Definitions.
In this chapter,
(1) "analysis assignment" means an analysis, opinion, or conclusion prepared by a real estate appraiser that relates to the nature, quality, or utility of certified real estate or real property;
(2) "appraisal" means an analysis, opinion, or conclusion prepared by a real estate appraiser relating to the nature, quality, value, energy efficiency, or utility of specified interests in, or aspects of, identified real estate, and includes a valuation appraisal, an analysis assignment, and a review assignment;
(3) "appraisal assignment" means an engagement for which an appraiser is employed or retained to act, or would be perceived by third parties or the public as acting, as a disinterested person rendering an unbiased analysis, opinion, or conclusion relating to the nature, quality, value, or utility of specified interests in, or aspects of, identified real estate;
(4) "appraisal report" means any communication, written or oral, of an appraisal;
(5) "board" means the Board of Certified Real Estate Appraisers;
(6) "department" means the Department of Commerce, Community, and Economic Development;
(7) "general real estate appraiser" means a real estate appraiser certified to appraise all types of real property;
(8) "institutional real estate appraiser" means a real estate appraiser employed full-time by a financial institution with offices in the state;
(9) "real estate" means an identified parcel or tract of land, including improvements, but excluding subsurface natural resource values;
(10) "real property" means one or more defined interests, benefits, and rights inherent in the ownership of real estate;
(11) "residential real estate appraiser" means a real estate appraiser certified to appraise residential real property, subject to the limitations of AS 08.87.100 (2);
(12) "review assignment" means an analysis, opinion, or conclusion prepared by a real estate appraiser that forms an opinion as to the adequacy and appropriateness of a valuation appraisal or an analysis assignment;
(13) "valuation appraisal" means an analysis, opinion, or conclusion prepared by a real estate appraiser that estimates the value of an identified parcel of real estate, or identified real property at a particular time.