(a) General.
- (1) The scope of practice for the registered apprentice appraiser classification is the appraisal of those properties which the state-certified supervisory appraiser is permitted by his or her current credential and that the supervisory appraiser is competent to appraise.
- (2) The registered apprentice appraiser, as well as the supervisory appraiser, shall be entitled to obtain copies of appraisal reports or permitted appropriate access and retrieval arrangements for all work files for appraisals in which he or she participated, in accordance with the recordkeeping rule of USPAP.
- (3) Experience hours do not begin to accumulate until the appraiser is issued a registered apprentice appraiser credential.
- (b) Examination. There is no examination requirement for the registered apprentice appraiser classification, but the registered apprentice appraiser shall pass the appropriate end-of-course examinations in all of the prerequisite qualifying education courses in order to earn credit for those courses.
(c) Qualifying education.
(1)
- (A) As a prerequisite for application, an applicant must have completed seventy-five (75) hours of qualifying education.
- (B) The required courses are:
(i) Basic Appraisal Principles, thirty (30) hours;
(ii) Basic Appraisal Procedures, thirty (30) hours; and
- (iii) 15-Hour National USPAP Course (or its equivalent), fifteen (15) hours.
- (C) Additionally, applicants must pass the course examinations and pass the 15-Hour National USPAP Course or its Appraiser Qualifications Board-approved equivalent and the examination as a part of the seventy-five (75) hours.
(2) All qualifying education must be completed within the five-year period immediately preceding the date of application for a registered apprentice appraiser credential.
- (d) Experience. No experience is required as a prerequisite for the registered apprentice appraiser classification.
(e) Supervision.
- (1) The registered apprentice appraiser shall be subject to the direct control and supervision by a supervisory appraiser in good standing, who shall be state-certified.
- (2) A registered apprentice appraiser is permitted to have more than one (1) supervisory appraiser, but a supervisory appraiser may not supervise more than three (3) registered apprentice appraisers at one time.
(3) The supervisory appraiser shall be responsible for the training, guidance, and direct control and supervision of the registered apprentice appraiser by:
- (A) Accepting responsibility for the appraisal by signing and certifying the appraisal complies with USPAP;
- (B) Reviewing and signing the registered apprentice appraiser appraisal report or reports; and
- (C) Personally inspecting each appraised property with the registered apprentice appraiser until the supervisory appraiser determines the registered apprentice appraiser is competent to inspect the property, in accordance with the Competency Rule of USPAP for the property type.
(4)
- (A) An appraisal experience log shall be maintained jointly by the supervisory appraiser and the registered apprentice appraiser.
- (B) It is the responsibility of both the supervisory appraiser and the registered apprentice appraiser to ensure the appraisal experience log is accurate, current, and complies with the requirements of the State Board of Appraisers, Abstracters, and Home Inspectors.
(C) At a minimum, the appraisal log requirements shall include:
- (i) Type of property;
- (ii) Date of report;
- (iii) Address of appraised property;
- (iv) Description of the:
- (a) (a) Work performed by the registered apprentice appraiser; and
(b) (b) Scope of the review and supervision of the supervisory appraiser;
(v) Number of actual work hours by the registered apprentice appraiser on the assignment; and
- (vi) The signature and state certification number of the supervisory appraiser.
- (D) Separate appraisal logs shall be maintained for the supervisory appraiser, if applicable.
(5)
- (A) Supervisory appraisers shall be state-certified and in good standing for a period of at least three (3) years prior to being eligible to become a supervisory appraiser.
- (B) Supervisory appraisers do not need to be state-certified and in good standing in the jurisdiction in which the registered apprentice appraiser practices for any specific minimum period of time.
- (C) Supervisory appraisers shall not have been subject to any disciplinary action within any jurisdiction within the last three (3) years that affected the supervisory appraiser’s legal eligibility to engage in appraisal practice.
- (D) A supervisory appraiser subject to a disciplinary action would be considered to be in good standing three (3) years after the successful completion or termination of the sanction imposed against the appraiser.
- (E) Supervisory appraisers must comply with the Competency Rule of USPAP for the property type and geographic locations where the registered apprentice appraiser is being supervised.
(6)
- (A) Registered apprentice appraisers and supervisory appraisers shall be required to complete a course that, at a minimum, complies with the specifications for course content established by the Appraiser Qualifications Board, which is specifically oriented to the requirements and responsibilities of supervisory appraisers and registered apprentice appraisers.
- (B) The course must be completed by the registered apprentice appraiser prior to obtaining a registered apprentice appraiser credential from the State Board of Appraisers, Abstracters, and Home Inspectors.
- (C) The course must be completed by the supervisory appraiser prior to supervising a registered apprentice appraiser.
- (D) Further, the registered apprentice appraiser course is not eligible towards the seventy-five (75) hours of qualifying education required.