Section Rab 305.02 - Responsibilities of Supervising Appraiser(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; andd. 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.N.H. Admin. Code § Rab 305.02
#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
Amended by Volume XXXV Number 27, Filed July 9, 2015, Proposed by #10856, Effective 6/23/2015, Expires6/23/2025.