Chapter 5 Expectations and responsibilites

Question 1

Supervisory Appraiser Responsibilities

Answer 1

Providing the Trainee Appraiser with a basic understanding of USPAP requirements
Understanding the AQB minimum requirements of both the Supervisory Appraiser and Trainee Appraiser, as well as the requirements of the credentialing jurisdiction that may exceed those of the Criteria
Providing proper guidance to the Trainee Appraiser when he or she selects a specific credentialing path
Monitoring the Trainee Appraiser’s progress in satisfying both the education and experience requirements necessary to achieve his or her selected credential
Verifying that the Supervisory Appraiser and Trainee Appraiser are properly documenting all appropriate experience logs
Accompanying the Trainee Appraiser on all inspections until the Trainee Appraiser is competent to conduct inspections independently, and has met all specific requirements pertaining to property inspection established by the credentialing jurisdiction
Monitoring and providing assignments and duties that ensure the Trainee Appraiser is developing an understanding and progression of knowledge and experience of all applicable valuation methodologies and approaches to value
Verifying that the Trainee Appraiser is properly identified and acknowledged in the appraisal report in compliance with USPAP requirements
Immediately notifying the Trainee Appraiser if the Supervisory Appraiser is no longer qualified to supervise and/or sign the Trainee Appraiser’s experience log