1. (a) An appraiser who agrees to serve as a supervising appraiser to an apprentice shall acknowledge in writing to the OPLC that they agree to perform all responsibilities set forth in (b) below.

2. (b) A supervising appraiser shall have the following duties and responsibilities in directly supervising the apprentice:

   1. (1) The supervisory appraiser shall at all times be responsible for and provide direct supervision of the work performed by the apprentice by:

      1. a. Accepting responsibility for the appraisal report by signing and certifying that the report complies with USPAP;
      2. b. Reviewing and signing the apprentice appraiser’s appraisal report(s);
      3. c. Personally inspecting each appraised property with the apprentice appraiser until the supervising appraiser determines the apprentice appraiser is competent, in accordance with the Competency Rule of USPAP for the property being appraised; and
      4. d. Ensuring the apprentice appraiser demonstrates that they have sufficient geographic competence to appraise the subject property;
   2. (2) The supervisory appraiser shall, at least once a month, sign the log required to be kept by the apprentice pursuant to Rab 305.03;
   3. (3) The supervisory appraiser shall set forth on the signed log their certification number;
   4. (4) The supervisory appraiser shall make available to the apprentice copies of any appraisal report in which the apprentice’s work product has been utilized or in which the apprentice made professional contribution;
   5. (5) The supervisory appraiser shall immediately notify the OPLC, in writing, in the event that they cease to perform the responsibilities set forth in this section;
   6. (6) The supervisory appraiser shall complete an AQB approved course specifically oriented to the responsibilities of supervisory appraiser and apprentices commencing on and after January 1, 2015; and

   7. (7) The supervisory appraiser shall keep copies of all apprentice appraiser reports for the longer of:

      1. a. A period of at least 5 years; or
      2. b. At least 2 years after final disposition of any judicial proceeding in which testimony was given, whichever period expires last.

3. (c) “Directly supervise” for purposes of this section, means to:

   1. (1) Personally review the work product of the apprentice;
   2. (2) Approve and sign each appraisal report including work product prepared by the apprentice or in which the apprentice has made a professional contribution and to sign all such reports and certify that all such reports have been independently and impartially prepared in compliance with USPAP, these rules, and RSA 310-B; and
   3. (3) Identify the apprentice by name in the certification section and summarizing within the report the extent of the assistance provided by the apprentice appraiser if they do not sign the appraisal report.
4. (d) A supervisory appraiser shall be a New Hampshire certified appraiser in good standing for the preceding 3 years in any jurisdiction in which they hold licensure or certification, with a minimum of 3 years’ experience as a New Hampshire certified appraiser.

5. (e) For the purpose of (d) above, being in good standing shall require that all of the following are true:

   1. (1) The certified appraiser is not currently subject to a board-approved consent agreement, order or any other state or jurisdiction-imposed sanction that affects the certified appraiser’s eligibility to practice and that results in prohibition of supervision within the last 3 years;
   2. (2) The certified appraiser is not subject to a summary order or final order that includes terms that affect the certified appraiser’s eligibility to practice and that results in prohibitions of supervision; and
   3. (3) The appraiser’s certificate or license is not suspended or revoked.
6. (f) No supervisory appraiser shall supervise more than 3 apprentices at one time.

Source. #6958, eff 3-23-99, EXPIRED: 3-23-07 New. #8854, INTERIM, eff 3-24-07, EXPIRED: 9-20-07 New. #9018, eff 11-1-07; ss by #10270, eff 2-2-13; amd by #10659, eff 8-23-14; amd by #10856, eff 6-23-15; EXPIRED: 2-2-23 in (a)-(c) and (f) and subparagraph (e)(3); ss by #13967, eff 7-16-24 (see Revision Note at chapter heading for Rab 300)