diff --git a/netbox/utilities/permissions.py b/netbox/utilities/permissions.py
index 36b2295f2..6bdf2b9c4 100644
--- a/netbox/utilities/permissions.py
+++ b/netbox/utilities/permissions.py
@@ -75,14 +75,17 @@ def permission_is_exempt(name):
 
     if action == 'view':
         if (
-            # All models (excluding those in EXEMPT_EXCLUDE_MODELS) are exempt from view permission enforcement
-            '*' in settings.EXEMPT_VIEW_PERMISSIONS and (f'{app_label}.{model_name}' in settings.EXEMPT_VIEW_PERMISSIONS or (app_label, model_name) not in settings.EXEMPT_EXCLUDE_MODELS)
-        ) or (
             # This specific model is exempt from view permission enforcement
             f'{app_label}.{model_name}' in settings.EXEMPT_VIEW_PERMISSIONS
         ):
             return True
 
+        if (
+            # All models (excluding those in EXEMPT_EXCLUDE_MODELS) are exempt from view permission enforcement
+            '*' in settings.EXEMPT_VIEW_PERMISSIONS and ((app_label, model_name) not in settings.EXEMPT_EXCLUDE_MODELS)
+        ):
+            return True
+
     return False