Chapter 6 Trainee Expectations Responsibilities Flashcards
The Trainee Appraiser is responsible for:
- Having a basic understanding of the AQB minimum requirements to become a Trainee Appraiser as well as the requirements of the credentialing jurisdiction that may exceed those of the Criteria
- Having an understanding about the importance of selecting an appropriate Supervisory Appraiser, specifically that:
a. The Supervisory Appraiser-Trainee Appraiser relationship is a long-term commitment by both parties
b. The Trainee Appraiser is inherently connected to the “good standing” of the Supervisory Appraiser
c. The importance of selecting a Supervisory Appraiser with the experience and competency that best matches the Trainee Appraiser’s selected credentialing path
d. Options for the Trainee Appraiser if the Supervisory Appraiser is no longer qualified to serve as a Supervisory Appraiser - Having an understanding of how to determine if an appraiser is qualified and in good standing to be a Supervisory Appraiser by searching the ASC National Registry and/or jurisdictional websites
- Understanding that it is the Supervisory Appraiser’s responsibility to monitor the progression of the Trainee Appraiser’s education and experience necessary to achieve the Trainee Appraiser’s selected credentialing path
- Understanding that it is the Supervisory Appraiser’s responsibility to provide 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
- Understanding the responsibilities of both the Trainee Appraiser and the Supervisory Appraiser in properly documenting all appropriate Trainee Appraiser’s experience logs
- Understanding that the Supervisory Appraiser must accompany the Trainee Appraiser on all inspections until he or she is competent to conduct inspections independently, and has met all requirements pertaining to property inspection established by the credentialing jurisdiction
Who is responsible for making sure the Trainee Appraiser is learning the correct way to perform appraisal tasks?
The Supervisory Appraiser only
The Trainee Appraiser only
The Supervisory Appraiser and the Trainee Appraiser both
The Appraiser Qualifications Board (AQB)
The Supervisory Appraiser and the Trainee Appraiser both
A Supervisory Appraiser must not have been subject to any prior disciplinary action within the prior \_\_\_\_\_ that would affect his or her ability to practice. Three years Four years Five years Six months
Three years
How might a Trainee Appraiser abuse the trust of the Supervisory Appraiser, in the context of the Trainee-Supervisor Relationship?
Discussing appraisal theory with other appraisers
Misusing the Supervisory Appraiser’s signature
Treating the Supervisory Appraiser like the boss
Taking additional education courses in order to learn all he or she can
Misusing the Supervisory Appraiser’s signature
A Trainee Appraiser who performs the cost approach repeatedly on residential appraisal assignments:
Is violating USPAP
Is on the road to perfection
Is forming habits that may be good or bad
Should also be working on non-residential appraisals
Is forming habits that may be good or bad
A Supervisory Appraiser engages several appraisal trainees and has them turning out a high volume of appraisal reports with minimal training and supervision. This type of operation is known as: A USPAP factory A trainee school A typical appraisal shop An appraisal mill
An appraisal mill
The ASC’s National Registry would NOT be useful in searching for \_\_\_\_\_\_\_\_ Appraisers. Certified Residential Certified General Trainee Licensed Residential
Trainee
Who is responsible for documenting a Trainee Appraiser’s experience log?
The Trainee Appraiser only
The Supervisory Appraiser only
Both the Trainee Appraiser and the Supervisory Appraiser
The secretary or office manager of the appraisal firm where the trainee works
Both the Trainee Appraiser and the Supervisory Appraiser
Who is primarily responsible for ensuring that the Trainee Appraiser learns from his or her field experience? The Supervising Appraiser only The Trainee Appraiser only The Supervisor and the Trainee jointly The state appraisal regulatory agency
The Trainee Appraiser only
A Supervisory Appraiser must accompany the Trainee Appraiser on all inspections until the Trainee Appraiser is competent to conduct inspections independently, and:
Has logged at least 1,500 hours of real property appraisal experience that includes an interior inspection of the subject property
Has completed a 15-hour course relating to real property construction, design, and inspection
Has met all specific requirements pertaining to property inspection established by the credentialing jurisdiction
Has successfully completed a 15-hour USPAP course
Has met all specific requirements pertaining to property inspection established by the credentialing jurisdiction
The ASC National Registry can be used to search for \_\_\_\_\_\_\_\_ appraisal credentials. Active only Expired only Both active and expired Supervisor and Trainee
Both active and expired
The AQB requirements for an experience log are:
Only applicable to the Certified General Appraiser classification
Merely a guideline, which a jurisdiction can ignore if they wish
A maximum, which cannot be exceeded by the jurisdiction
A minimum, which may be exceeded by the jurisdiction
A minimum, which may be exceeded by the jurisdiction
A Supervisory Appraiser is bringing a Trainee Appraiser along too fast, and has assigned tasks that the Trainee Appraiser is not capable of completing. What should the Trainee Appraiser do?
Not worry, because the Supervisory Appraiser is responsible for any errors that might be made
Tell the Supervisory Appraiser
Find a different Supervisory Appraiser
Obtain a separate errors and omissions insurance policy
Tell the Supervisory Appraiser
