Code of Massachusetts Regulations
264 CMR - BOARD OF REGISTRATION OF REAL ESTATE APPRAISERS
Title 264 CMR 6.00 - Practice of Real Estate Appraisal
Section 6.01 - Scope of Practice

1. type of property;

2. date of report;

3. opinion of value

4. Type of report (as defined in USPAP);

5. client name and address;

6. address of appraised property;

7. description of work performed, including a notation as to what work was directly performed by the Appraisal trainee or Appraiser-in-training;

8. scope of supervision provided;

9. number of work hours; and

10. signature and state license number of the Supervising Appraiser.

1. non-complex one-to-four unit residential properties having a transaction value of less than $1,000,000 and complex one-to-four unit residential properties having a transaction value of less than $250,000;

2. vacant or unimproved land that is to be utilized for one-to-four unit residential properties, and where the highest and best use is for one-to-four unit residential purposes; and

3. properties as specified by federal law 12 U.S.C. 3301, et seq.

1. residential properties with one-to-four units and complex one-to-four unit residential property, both without regard to transaction value;

2. vacant or unimproved land that is to be utilized for one-to-four unit residential use and where the highest and best use is for one-to-four family unit residential purposes; and

3. properties as specified by federal law 12 U.S.C. 3301, et seq.

1. Supervising Appraisers whose license is suspended or under a period of probation or stayed suspension may not supervise lower level Licensees. No individual may serve as a Supervising Appraiser if they have been subject to any disciplinary action within the last three years that affects their legal ability to engage in appraisal practice.

2. Supervising Appraisers may not be an employee of, or independent contractor reporting to, an Appraisal Trainee, Appraiser-in-training, or corporate entity controlled by such a Licensee to whom they are supervising.

3. Supervising Appraisers may not supervise more than three Appraisal Trainees or Appraisers-in-training.

4. Supervising Appraisers must cooperate with Appraisal Trainees and Appraisers-in-training when those individuals seek to obtain a higher level license based on the supervision provided.

5. Each Supervising Appraiser supervising an Appraisal Trainee or Appraiser-in-training is responsible for that individual's physical site inspection skills. The Supervising Appraiser shall personally inspect at least five appraised properties with the Appraisal Trainee or Appraiser-in-training. The Supervising Appraiser must personally inspect additional properties until the Supervising Appraiser determines that the Appraisal Trainee or Appraiser-in-training is competent in accordance with USPAP for the property type.

6. All Supervising Appraisers and Appraisal Trainees or Appraisers-in-training must sign the Appraisal Reports prepared in part or in whole by the Appraisal Trainees or Appraisers-in-training. However, if the client requires Appraisal Trainees or Appraisers-in-training not sign the report, but does not prohibit the said individuals from participating in the work, Appraisal Trainees or Appraisers-in-training may participate in an appraisal so long as the Supervising Appraiser states both the names and license numbers of any participating Appraisal Trainees or Appraisers-in-training as well as summarizing the extent of their participation in the certification.

7. Supervising Appraisers are fully responsible for the appraisal and the contents of the Appraisal Report. Any Appraisal Trainee or Appraiser-in-training who assisted in the assignment is also responsible.

8. Prior to commencing any supervision, Supervising Appraisers must complete a Board approved course regarding the requirements and responsibilities of trainees and Supervisory Appraisers which meets the criteria of the AQB in accordance with federal law, 12 U.S.C. 3345(a).

1. Supervising Appraisers must maintain written policies and procedures that outline their process for determining the competence of Appraisal Trainees or Appraisers-in-training to ensure compliance with the competency rule of USPAP.

2. Supervising Appraisers must ensure that an appraisal log is maintained as required by 264 CMR 6.01(1)(c).

3. Supervising Appraisers must ensure that the Appraisal Trainee or Appraiser-in-training maintains an adequate work file. The Supervising Appraiser may review, alter, correct, or make other recommendations regarding the work file, but must note any corrections that have been made in writing to ensure that the corrected work can be distinguished from that done by the Appraisal Trainee or Appraiser-in-training without assistance.

4. In instances, where an Appraisal Trainee or Appraiser-in-training does not sign the appraisal report, the Supervising Appraiser must list, in writing in the report, the name, qualifications, and specific portions of the appraisal process performed by the Appraisal Trainee or Appraiser-in-training.

5. Supervising Appraisers shall obtain a signed contract prior to commencing supervision of an Appraisal Trainee or Appraiser-in-training. This contract must be retained for at least five years after the termination of the supervisory relationship. This contract must contain the following: