Current through Register No. 40, October 3, 2024
(a) An appraiser
who agrees to serve as a supervising appraiser to an apprentice shall
acknowledge in writing to the board that he or she agrees to perform all
responsibilities set forth in (b) below.
(b) A supervising appraiser shall have the
following duties and responsibilities in directly supervising the apprentice:
(1) The supervisor shall at all times be
responsible for and provide direct supervision of the work performed by the
apprentice by:
a. Accepting responsibility for
the appraisal report by signing and certifying that the report complies with
USPAP;
b. Reviewing and signing the
apprentice appraiser's appraisal report(s);
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
d. The supervising appraiser shall be able to
demonstrate that he or she has sufficient geographic competence to appraise the
subject property until such time that the supervising appraiser determines that
the apprentice appraiser is competent;
(2) The supervisor shall, at least once a
month, sign the log required to be kept by the apprentice pursuant to
Rab
305.03;
(3) The supervisor shall set forth on the
signed log his or her certification number;
(4) The supervisor 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) The supervisor
shall immediately notify the board, in writing, in the event that he or she
ceases to perform the responsibilities set forth in this section;
(6) The supervising appraiser shall complete
an AQB approved course specifically oriented to the responsibilities of
supervisory and apprentices commencing on and after January 1, 2015; and
(7) The supervisor shall keep
copies of all apprentice appraiser reports for the longer of:
a. A period of at least 5 years; or
b. At least 2 years after final
disposition of any judicial proceeding in which testimony was given, whichever
period expires last.
(c) "Directly supervise" for purposes of this
section, means to:
(1) Personally review the
work product of the apprentice;
(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) 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 he
or she does not sign the appraisal report.
(d) A supervising appraiser shall be a New
Hampshire certified appraiser in good standing for the preceding 3 years in any
jurisdiction in which he or she holds licensure or certification, with a
minimum of 3 years experience as a New Hampshire certified appraiser.
(e) For the purpose of (d) above, being in
good standing shall require that all of the following are true:
(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) 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) The appraiser's certificate or license is
not suspended or revoked.
(f) No supervising appraiser shall supervise more than
3 apprentices at one time.
#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
