Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
298 - BOARD OF REAL ESTATE APPRAISERS
Chapter 230 - SUPERVISORY APPRAISER DUTIES
Section 298-230-2 - Duties
Universal Citation: 02 ME Code Rules ยง 298-230-2
Current through 2024-38, September 18, 2024
1. A supervisory appraiser is responsible for the training, guidance and direct supervision of the trainee real property appraiser, including:
A. Accepting
responsibility for any appraisal reports drafted by the trainee real property
appraiser, by signing and certifying that any such report is in compliance with
the Uniform Standards of Professional Appraisal Practice;
B. Reviewing with the trainee real property
appraisal report(s) and supporting workfile documents, when necessary;
and
C. Personally inspecting each
appraised property with the trainee real property appraiser until the
supervisory appraiser determines the trainee is competent in accordance with
the Competency Rule of the Uniform Standards of Professional Appraisal Practice
for the property type. The supervisory appraiser shall make this determination
of competency in writing on a form provided by the board and shall submit the
determination to the board no later than ten (10) days thereafter.
2. Records and Reporting
A. The supervisory appraiser shall maintain
accurate, up-to-date records of all the trainee real property appraiser's
activities, including a schedule of hours of work completed. For any appraisal
listed on a trainee appraiser's experience log, a supervisory appraiser must
provide a copy of, or access to, any appraisal report and associated workfile
documents in their custody and control to the board upon request.
B. No later than the fifteenth (15th) day of
each month, a supervisory appraiser shall complete, sign and submit an
appraisal experience log to the board with respect to each trainee under their
supervision. The monthly log shall be made on a form prescribed by the Board
and must contain all information required by Section
2(2)(F) of this
Chapter. The board retains discretion to reject an experience log if it is
incomplete or untimely submitted.
C. Trainee real property appraisers will not
receive experience credit for appraisal reports that are not signed by the
supervisory appraiser.
D. Trainee
real property appraisers must be identified in the appraisal certification and
scope of work for reports the trainee did not sign to be eligible for
experience credit.
E. Separate
appraisal logs shall be maintained by the supervisory appraiser for each
trainee real property appraiser under their supervision, if
applicable.
F. Experience logs
shall, at a minimum, include the following information for the preceding
calendar month:
(1) Type of property
appraised;
(2) Whether the
supervisory appraiser personally inspected the property with the
trainee;
(3) Client name and
address;
(4) Address of appraised
property;
(5) Description of work
performed by the trainee real property appraiser and the scope of the review
and supervision of the supervisory appraiser;
(6) Number of work hours;
(7) Date of appraisal report; and
(8) The signature and board license number of
the supervisory appraiser.
G. If the trainee real property appraiser
trainee performed no reportable work, the monthly experience log shall so
indicate.
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