Get the free Board Rule 600:10-1-16: Supervision of Trainee Appraisers

This document outlines the rules and requirements for the supervision of trainee appraisers, including the reporting of supervisory relationships, maintenance of appraisal logs, and the responsibilities

How to fill out board rule 60010-1-16 supervision

How to fill out Board Rule 600:10-1-16: Supervision of Trainee Appraisers

1. Obtain the latest version of Board Rule 600:10-1-16.
2. Read through the rule to understand the requirements for supervising trainee appraisers.
3. Identify the designated supervising appraiser who will oversee the trainee.
4. Ensure the supervising appraiser meets the qualifications outlined in the rule.
5. Complete any required forms or documentation related to the supervision of the trainee.
6. Maintain records of the trainee's progress and any completed training or appraisal work.
7. Conduct regular meetings with the trainee to offer guidance and feedback.
8. Submit any required reports to the Board as specified by the rule.

Who needs Board Rule 600:10-1-16: Supervision of Trainee Appraisers?

1. Individuals seeking to become licensed appraisers who require supervision.
2. Licensed appraisers who intend to supervise trainee appraisers.
3. Regulatory bodies or boards overseeing the appraisal profession.
4. Educational institutions offering appraisal training programs.

People Also Ask about

What situations require an appraisal by a certified appraiser?

Certified residential appraiser. Unlike the Licensed Residential Appraiser, those at this level can appraise vacant and unimproved land for one-to-four residential properties. It doesn't include the appraisal of subdivisions (which requires a developmental analysis from an appraiser with the next license level).

Which category of appraiser must be supervised by a certified appraiser?

The Trainee License (AT) is for entry level appraiser trainees and those who have met their experience requirements for upgrading to the next level, but have not yet passed the test for their Residential License (AL). A trainee is required to be under the direct supervision of a Certified Real Estate Appraiser.

What does the competency rule require the appraiser to do?

The Competency Rule requires the appraiser to be knowledgeable of the subject, geographic area, and market before accepting an assignment.

Which category of appraiser must be supervised by a certified appraiser and can assist on any appraisals their supervisor can perform?

All federally related transactions having a transaction value of $1,000,000 or more shall require an appraisal prepared by a State certified appraiser.

What are supervisory appraisers responsible for?

Supervisory Appraisers shall be responsible for the training, guidance, and direct supervision of the Trainee Appraiser by: Accepting responsibility for the appraisal by signing and certifying the appraisal complies with USPAP; Reviewing and signing the Trainee Appraiser appraisal report(s); and.

What is the difference between a licensed appraiser and a certified appraiser?

The correct answer is D: Formal Real Estate Appraisal Report, which must be prepared by a certified appraiser. Other analyses, such as CMA and BPO, can be done by real estate agents.

Who is responsible for appointing members to the appraiser Qualifications Board?

The Foundation serves as an umbrella organization for two independent Boards the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB). While these boards are independent, the Board of Trustees of the Foundation is responsible for funding, oversight, and appointing members to the Boards.

For pdfFiller’s FAQs

What is Board Rule 600:10-1-16: Supervision of Trainee Appraisers?

Board Rule 600:10-1-16 outlines the requirements and guidelines for the supervision of trainee appraisers by licensed appraisers, ensuring that trainees obtain the necessary experience and education under the supervision of qualified professionals.

Who is required to file Board Rule 600:10-1-16: Supervision of Trainee Appraisers?

Licensed appraisers who are supervising trainee appraisers are required to file under Board Rule 600:10-1-16, as well as the trainee appraisers themselves seeking to gain practical experience.

How to fill out Board Rule 600:10-1-16: Supervision of Trainee Appraisers?

To fill out Board Rule 600:10-1-16, both the supervising appraiser and the trainee appraiser must provide necessary personal and professional information, along with documentation of supervision agreements and the types of appraisal tasks the trainee will undertake.

What is the purpose of Board Rule 600:10-1-16: Supervision of Trainee Appraisers?

The purpose of Board Rule 600:10-1-16 is to establish a clear framework for the supervision of trainee appraisers to ensure they receive appropriate guidance, training, and feedback, promoting professionalism and competence in the appraisal profession.

What information must be reported on Board Rule 600:10-1-16: Supervision of Trainee Appraisers?

The information that must be reported includes the names and licenses of the supervising appraiser and the trainee appraiser, details of the appraisal assignments, and a record of the supervisory activities undertaken during the training period.