North Carolina Administrative Code › Title 21 - OCCUPATIONAL LICENSING BOARDS AND COMMISSIONS › Chapter 57 - APPRAISAL BOARD › Subchapter A - REGISTRATION, LICENSING, CERTIFICATION AND PRACTICE › Section .0400 - GENERAL APPRAISAL PRACTICE › Section 57A .0407 - SUPERVISION OF TRAINEES

Current through Register Vol. 39, No. 2, July 15, 2024
(a) A certified
				  real estate appraiser may engage a registered trainee to assist in the
				  performance of real estate appraisals, provided that the appraiser:
(1) has been certified for at least three
				  years;
(2) has the number of
				  trainees working under him or her at any one time as follows:
(A) a certified residential appraiser may
				  have two trainees working under his or her supervision at any one time. Once at
				  least one of those trainees has completed 50 percent of the required appraisal
				  experience as set forth in
				  G.S.
				  93E-1-6, a certified residential appraiser
				  may add another trainee; and
(B) a
				  certified general appraiser may have three trainees working under his or her
				  supervision.
(3) prior
				  to the date any trainee begins performing appraisals under his or her
				  supervision, the supervisor shall inform the Board of the name of the trainee
				  by filing a Supervisor Declaration Form with the Board. The form may be found
				  on the Board's website at www.ncappraisalboard.org. The supervisor shall also
				  inform the Board when a trainee is no longer working under his or her
				  supervision by using the Supervisor Declaration Form. The form shall include
				  the following information:
(A) the name and
				  registration number of trainee;
(B)
				  the name and certification number of supervisor;
(C) the date the trainee completed the
				  supervisor/trainee course;
(D) the
				  date the supervisor completed the supervisor/trainee course;
(E) whether the supervisor has had any
				  disciplinary action within the past three years or pending complaints against
				  his or her certification; and
(F)
				  the signature of both the supervisor and trainee (only required for
				  association).
(4)
				  actively and personally supervises the trainee on all appraisal reports and
				  appraisal related activities until the trainee is no longer under his or her
				  supervision;
(5) reviews all
				  appraisal reports and supporting data used in connection with appraisals in
				  which the services of a trainee is utilized, and assures that research of
				  general and specific data has been conducted and reported, application of
				  appraisal principles and methodologies has been applied, and that any analysis,
				  opinions, or conclusions are developed and reported so that the appraisal
				  report is not misleading;
(6)
				  complies with all provisions of Rule .0405 of this Section regarding appraisal
				  reports;
(7) reviews and signs the
				  trainee's log of appraisals prepared in accordance with Paragraph (c) of this
				  Rule. The supervisor shall make available to the trainee a copy of every
				  appraisal report where the trainee performs more than 75 percent of the work on
				  the appraisal; and
(8) has not
				  received any disciplinary action against his or her appraisal certificate from
				  the State of North Carolina or any other state within the previous three years.
				  For the purposes of this Subparagraph, "disciplinary action" means an active
				  suspension, a downgrade of a credential, a revocation, or any other action that
				  restricts a supervisor's ability to engage in appraisal practice.