61J1-4.010: Supervision and Training of Registered Trainee Appraisers
PURPOSE AND EFFECT: The Board proposes the rule amendment in order to provide the qualifications of a supervisory appraiser; to list the required form for registration of an appraiser trainee; and to update requirements for contents of an appraisal.
SUMMARY: Qualifications of a supervisory appraiser will be provided; the form for registration of an appraiser trainee will be incorporated into the rule. The requirements for the contents of an appraisal will be updated.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: A Statement of Estimated Regulatory Cost was prepared. A copy can be obtained from Thomas W. O’Bryant, Jr., Deputy Director at the address listed below.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
SPECIFIC AUTHORITY: 475.614 FS.
LAW IMPLEMENTED: 475.611, 475.6221, 475.6222 FS.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN FAW.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Thomas W. O’Bryant, Jr., Deputy Director, Division of Real Estate, 400 West Robinson Street, Hurston Building, North Tower, Suite N801, Orlando, Florida 32801
THE FULL TEXT OF THE PROPOSED RULE IS:
61J1-4.010 Supervision and Training of Registered Trainee Appraisers.
(1) All registered trainee appraisers shall be subject to direct supervision by a supervisory supervising appraiser who shall be state licensed or certified in good stannding. In order to qualify as a supervisory appraiser and be responsible for the direct supervision of registered trainee appraisers, not to exceed three (3), the following conditions must be met:
(a) A supervisory appraiser must be fully responsible for appraisal and appraisal reports prepared by registered trainee appraisers;
(b) A supervisory appraiser must be a current licensed appraiser, certified general or certified residential appraiser in good standing with the Board;
(c) Effective December 10, 2010, a supervisory appraiser must have been licensed as an appraiser or certified as a residential or general appraiser for at least 48 months;
(d) A supervisory appraiser must not have had a registration, certification, or license suspended by the Board or have been disciplined by the Board in two (2) or more disciplinary cases in the past five (5) years; and
(e) A supervisory appraiser’s registration, certification, or license must not be currently subjected to discipline or practice restrictions by the Board. A superviosry appraiser who is currently subjected to discipline may not act as a supervisory appraiser until he or she successfuly completes all disciplinary terms and conditions.
(2) The supervisory supervising appraiser shall be responsible for the training and direct supervision of the appraiser trainee by:
(a) Accepting responsibility for the appraisal report by signing and certifying the report is in compliance with the Uniform Standards of Professional Appraisal Practice, as defined in Section 475.611(1)(o), F.S.;
(b) Reviewing the appraiser trainee appraisal reports; and
(c) Personally inspecting each appraised property with the appraiser trainee until the trainee is competent in accordance with the Competency Rule of the Uniform Standards of Professional Appraisal Practice, as defined in Section 475.611(1)(o), F.S.; and
(d) Registering the appraiser trainee with Department through use of DBPRform RE-2060, effective November 2007, hereby incorporated by refererence and available at http://www.myflorida.com/dbpr/re/documents/RE-2060Reqfor ChngofStatusRTA1107.pdf
(3) A registered trainee appraiser is permitted to have more than one supervisory supervising appraiser as specified in Section 475.6221, F.S.
(4) Any supervisory appraiser, whether acting as primary or secondary supervisor, may not supervise more than three (3) registered trainee appraisers at one time.
(5) When supervising any aspect of the appraisal process, a supervisory supervising appraiser shall train or supervise registered trainee appraisers located in:
(a) The county where the supervisory appraiser’s primary business address is located and registered with the Department; and
(b) Any county contiguous to the county where the supervisory appraiser’s primary business address is located and registered with the Department.
(6) Separate appraisal logs shall be maintained by both the registered trainee appraiser and the supervisory appraiser in a format determined by the Department and shall, at a minimum, include the following for each appraisal:
(a) Report Date and Transmittal Date; Type of perperty
(b) Form Type; Date of report
(c) Property Address City, State, Zip; Address of appraised property
(d) Property Type (SFR, condo, or 2-4 Units) Commercial; Description of work performed; and
(e) Description of Registered Trainee’s work performed; Number of work hours
(f) Scope of Supervisory Appraiser’s Review;
(g) Level of Supervisory Appraiser’s Supervision;
(h) Number of Actual Hours Worked By Registered Trainee;
(i) Supervisory Appraiser Signature, Designation and License Number; and
(j) Registered Trainee Signature, Designation and License Number.
(7) Separate appraisal logs shall be maintained for each supervising appraiser and signed by each supervising appraiser.
(7)(8) A supervisory appraiser may not be employed by a trainee or by a corporation, partnership, firm, or group in which the trainee has a controlling interest.
(8)(9) A registered trainee appraiser may accept appraisal assignments only from his or her primary or secondary supervisory appraiser.
(9)(10) A registered trainee appraiser may only receive compensation for appraisal services from his or her authorized certified or licensed appraiser.
Rulemaking Specific Authority 475.614 FS. Law Implemented 475.611, 475.6221, 475.6222 FS. History–New 2-16-04, Amended 3-1-06, 12-4-06, 8-12-07, 11-25-07,________.