Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 130 - REAL ESTATE APPRAISER BOARD › Chapter 20 - REAL ESTATE APPRAISER BOARD RULES AND REGULATIONS › Part II - Entry › Section 18VAC130-20-60 - Qualifications for licensure as an appraiser trainee

Current through Register Vol. 40, No. 24, July 15, 2024
An applicant for licensure as an appraiser trainee shall
					 meet the following educational requirements in addition to those set forth in
					 subdivisions 1 through 6 and 10 of
					 18VAC130-20-30.
1.
				  Within the five-year period immediately preceding application for licensure,
				  the applicant shall have successfully completed 75 hours of approved real
				  estate appraisal courses from accredited colleges, universities, junior and
				  community colleges; adult distributive or marketing education programs; local,
				  state or federal government agencies, boards or commissions; proprietary
				  schools; or real estate appraisal or real estate related organizations. The
				  classroom hours shall include the 15-Hour National Uniform Standards of
				  Professional Appraisal Practice course.
2. Complete an Appraiser Qualifications Board
				  approved course specifically oriented to the requirements and responsibilities
				  of supervising appraisers and appraiser trainees.
3. There is no experience requirement for the
				  appraiser trainee classification.
4. Responsibilities of supervising appraisers
				  are described in this subdivision.
a. The
				  appraiser trainee shall be subject to direct supervision by a supervising
				  appraiser who completed an Appraiser Qualifications Board approved course
				  specifically oriented to the requirements and responsibilities of supervising
				  appraisers and appraiser trainees, has been state certified for at least three
				  years, is in good standing, and has not been subject to any disciplinary action
				  within the last three years that affects the supervising appraiser's legal
				  eligibility to engage in appraisal practice.
b. The supervising appraiser shall be
				  responsible for the training and direct supervision of the appraiser trainee
				  by:
(1) Accepting responsibility for the
				  appraisal report by signing and certifying the report is in compliance with the
				  Uniform Standards of Professional Appraisal Practice;
(2) Reviewing the appraiser trainee appraisal
				  report(s); and
(3) Personally
				  inspecting each appraised property with the appraiser trainee until the
				  supervising appraiser determines the appraiser trainee is competent in
				  accordance with the Competency Provision of the Uniform Standards of
				  Professional Appraisal Practice for the property type.
c. The appraiser trainee is permitted to have
				  more than one supervising appraiser, but a supervising appraiser may not
				  supervise more than three trainees, at one time, unless a state program in the
				  licensing jurisdiction provides for progress monitoring, supervising certified
				  appraiser qualifications, and supervision and oversight requirements for
				  supervising appraisers.
d. An
				  appraisal experience log shall be maintained jointly by the supervising
				  appraiser and the appraiser trainee. It is the responsibility of both the
				  supervising appraiser and the appraiser trainee to ensure the appraisal
				  experience log is accurate, current, and complies with the board's
				  requirements. At a minimum, the appraisal log requirements are (i) type of
				  property, (ii) date of report, (iii) address of appraised property, (iv)
				  description of work performed by the appraiser trainee and scope of the review
				  and supervision of the supervising appraiser, (v) number of actual work hours
				  by the appraiser trainee on the assignment, and (vi) the signature and state
				  certification number of the supervising appraiser. Separate appraisal logs
				  shall be maintained for each supervising appraiser, if applicable.