New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 40A - STATE BOARD OF REAL ESTATE APPRAISERS
Subchapter 4 - TRAINEE PERMITS
Section 13:40A-4.6 - Responsibilities of supervising appraiser
Universal Citation: NJ Admin Code 13:40A-4.6
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Any individual designated as a "supervising appraiser" by the holder of a trainee permit shall acknowledge in writing to the Board that he or she agrees to perform all responsibilities set forth in (f) below.
(b) Supervising appraisers shall be in good standing with the Board and shall not have been subject to any disciplinary action that affects their legal eligibility to engage in appraisal practice, including revocation or suspension, within any jurisdiction within the last three years.
(c) No appraiser shall serve as a supervising appraiser until he or she has held a certification from the Board for at least three years.
(d) Only those individuals who are certified by the Board as either a State-certified general real estate appraiser or a State-certified residential real estate appraiser shall be a supervising appraiser.
(e) A supervising appraiser shall have the following duties and responsibilities:
1. The supervising appraiser
shall at all times be responsible for and provide direct supervision of the work performed by the trainee.
For purposes of this section, "direct supervision" means:
i. To personally
review the work product of the trainee;
ii. To approve, sign, and
accept responsibility for each appraisal report including work product prepared by the trainee or in which
the trainee 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 the Uniform Standards of
Professional Appraisal Practice, these rules and applicable statutory standards; and
iii. To indicate, within the certification section of the appraisal report,
the name of the trainee providing significant real property appraisal assistance. For purposes of this
subparagraph, "significant" means the exercise of appraisal knowledge and training and does not mean clerical
or fact gathering tasks.
2. The supervising appraiser
shall, at least once a month, sign the log required to be kept by the trainee pursuant to
13:40A-4.7 and shall set forth thereon his or her certification
number. A "supervising appraiser" and any trainee that he or she is supervising shall have the shared
responsibility to make sure that the log is accurate and current and meets the requirements set forth in
13:40A-4.7.
3. The
supervising appraiser shall provide the trainee with a copy of any final appraisal report in which the
trainee's work product has been utilized or in which the trainee made a professional contribution.
4. The supervising appraiser shall immediately notify the Board and his or
her trainee(s), in writing, in the event that he or she ceases to perform or is unable to perform the
responsibilities set forth in this section.
5. A supervising
appraiser shall not supervise more than three trainees at one time.
6. The supervising appraiser shall personally inspect, with the trainee,
the interior and exterior of each appraised property until the supervising appraiser determines that the
trainee is competent in accordance with the Competency Rule of the Uniform Standards of Professional
Appraisal Practice. Upon making the determination of competency, the supervising appraiser shall request a
competency certification form from the Board. The supervising appraiser shall submit, to the Board, within 30
days of receipt of the competency certification form, the certification that the trainee is competent to
perform property inspections independently. Examples of competency include, but are not limited to, properly
identifying the problem to be addressed, being familiar with a specific type of property, market, geographic
area, or analytical method.
7. The supervising appraiser shall
prepare and furnish a signed statement describing the nature and extent of the assistance rendered to each
trainee who provided services on an appraisal assignment. This statement shall be placed in the workfile of
the appraisal assignment.
8. Upon the termination of the
supervising appraiser and the trainee relationship, the supervising appraiser shall request an evaluation
certification form from the Board. The supervising appraiser shall submit, to the Board, within 30 days of
receipt of the evaluation certification form, the certification evaluating the activities performed by his or
her trainee.
9. Prior to supervising trainee appraisers, a
supervising appraiser shall complete a course that, at a minimum, is oriented to the requirements and
responsibilities of supervising appraisers and complies with the specifications for the course content
established by the AQB.
10. Failure to comply with this section
may be deemed professional misconduct.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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