La. Admin. Code tit. 46 § LXVII-10308

Current through Register Vol. 50, No. 12, December 20, 2024

Section LXVII-10308 - Appraiser Trainees

A. A certified residential or certified general real property appraiser may engage a licensed appraiser trainee to assist in the performance of real estate appraisals, provided the following criteria are met:

1. The certified residential or certified general real property appraiser shall supervise no more than a total of three trainees at any one time, either as employees or subcontractors, in all states.

2. The certified residential or certified general real property appraiser shall be responsible for the conduct of the licensed appraiser trainees and shall supervise their work product, in accordance the guidelines and requirements of the "2018-2019 Uniform Standards of Professional Appraisal Practice" or its successor.

3. The supervising certified residential or certified general real property appraiser shall accompany the licensed appraiser trainee on inspections of the subject property until the certified residential or certified general real property appraiser feels the appraiser trainee is competent to do so based on the type of property and assignment.

4. The supervising certified residential or certified general real property appraiser shall sign every appraisal report prepared by a licensed appraiser trainee who acts under the supervision of the certified residential or certified general real property appraiser.

5. The supervising certified residential or certified general real property appraiser shall immediately notify the board and the licensed appraiser trainee in writing when the certified residential or certified general real property appraiser terminates the supervision of the licensed appraiser trainee. The trainee must suspend practice unless he/she has more than one supervisor or must get supervision from another supervisor.

La. Admin. Code tit. 46, § LXVII-10308

Promulgated by the Office of the Governor, Real Estate Appraisers Board, LR 31:1333 (June 2005), amended LR 37:333 (January 2011), LR 41:368 (February 2015), Amended LR 42870 (6/1/2016), Promulgated by the Office of the Governor, LR 45420 (3/1/2019).

AUTHORITY NOTE: Promulgated in accordance with R.S. 37:3395.