1. Supervisors, Trainees, and Standards Rules
Chapter 4
Supervisors, Trainees, and Standards Rules
Supervising the Trainee Appraiser: National Regulations and Responsibilities (091014) See Page(s) xx-xx 1

2. Chapter 4: Supervisors, Trainees, and Standards Rules
Chapter Objectives
Describe certain Standards Rules of USPAP and how they relate to supervisory appraisers and trainee appraisers.
Define Advisory Opinion 31 and how it relates to supervisory appraisers and trainee appraisers.
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3. Overview of STANDARD 1 Contains six Standards Rules (1-1 through 1-6)
Chapter 4: Supervisors, Trainees, and Standards Rules
Overview of STANDARD 1
Contains six Standards Rules (1-1 through 1-6)
Standards Rule 1-1 elaborates on requirements found in the COMPETENCY RULE
Standards Rule 1-1(a): Methods and Techniques
Addresses the obligation to keep current with methods and techniques
Standards Rule 1-1(b): Errors of Omission or Commission
Describes the obligation to not commit errors
Standards Rule 1-1(c): Carelessness and Negligence
Describes the obligation to not be careless or negligent
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4. Chapter 4: Supervisors, Trainees, and Standards Rules
Overview of STANDARD 2
STANDARD 2 addresses the obligations of an appraiser for reporting a real property appraisal and correlates with Step 6 in the appraisal process.
Standards Rule 2-1: General Obligations
Contains general obligations for all written and oral real property appraisal reports
Standards Rule 2-3: Signed Certification and Non-Real Property Assets and Work Done by Others
Instructs all written real property appraisal reports (for both reporting options) must contain a signed certification containing language similar to the example provided
The next portion of the Comment applies when the assignment additionally includes opinions or conclusions related to non-real property assets.
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5. USPAP FAQs USPAP FAQ 252 USPAP FAQ 255 USPAP FAQ 248 USPAP FAQ 253
Chapter 4: Supervisors, Trainees, and Standards Rules
USPAP FAQs
USPAP FAQ 252
USPAP FAQ 255
USPAP FAQ 248
USPAP FAQ 253
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6. Chapter 4: Supervisors, Trainees, and Standards Rules
Presents the certification requirements for an Appraisal Review Report, which is similar to the certification requirements found in STANDARD 2
The Comment to Standards Rule 3-6 is very similar to that found in Standards Rule 2-3, with the exception that the Comment to Standards Rule 3-6 specifically warns that appraisal review is a completely different activity than cosigning a report, such as when a supervisory appraiser cosigns with a trainee.
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7. Advisory Opinion 31: More than One Appraiser
Chapter 4: Supervisors, Trainees, and Standards Rules
Advisory Opinion 31: More than One Appraiser
Provides further insight into circumstances when there is more than one appraiser involved in an assignment.
Applies to real property, personal property, and intangible property.
AO-31 addresses the issue with clarification and guidance in the form of:
Relevant USPAP References
Record Keeping Requirements
Certifications/Signatures
Illustrations
Illustration 1
Illustration 4
Illustration 2
Illustration 5
Illustration 3
Illustration 6
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8. Key Terms Report Chapter 4: Supervisors, Trainees, and Standards Rules
Report Written or oral communication that is transmitted to the client by an appraiser upon completion of an assignment.
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9. Chapter 4: Supervisors, Trainees, and Standards Rules
Summary
STANDARD 1 establishes a benchmark of criteria for measuring ethics and competency in the development process and contains six Standards Rules (1-1 through 1-6) that identify applicable requirements and guidance for developing an appraisal of real property.
STANDARD 2 addresses the obligations of an appraiser for reporting a real property appraisal.
The names of individuals providing significant real property appraisal assistance who do not sign a certification must be stated in the certification. It is not required that the description of their assistance be contained in the certification, but disclosure of their assistance is required in accordance with Standards Rule 2-2 (a)(vii) or (b)(vii), as applicable.
The Comment to Standards Rule 3-6 is very similar to that found in Standards Rule 2-3, with the exception that the Comment to Standards Rule 3-6 specifically warns that appraisal review is a completely different activity than cosigning a report, such as when a supervisory appraiser cosigns with a trainee.
AO-31 addresses the issue with clarification and guidance in the form of relevant USPAP references, record keeping requirements, certifications/signatures, illustrations.
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10. Chapter 4: Supervisors, Trainees, and Standards Rules
Chapter 4 Quiz
1. STANDARD 1 of USPAP establishes a benchmark of criteria for measuring __________ and __________ in the appraisal development process.
compliance; certification
depth; detail
ethics; competency
methods; techniques
The answer is C. STANDARD 1 establishes a benchmark of criteria for measuring ethics and competency in the development process and contains six Standards Rules (1-1 through 1-6) that identify applicable requirements and guidance for developing an appraisal of real property.
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11. Chapter 4: Supervisors, Trainees, and Standards Rules
Chapter 4 Quiz
2. An important point from STANDARD 1 of USPAP for Trainee Appraisers to remember is that an appraiser cannot simply maintain the skills and the knowledge they initially possessed; they must
accept assignments beyond their market area.
always have a mentor for whom to rely upon.
continuously improve their skills to remain proficient.
meet with their scheduled training group to log joint discussion hours.
The answer is C. The Comment to Standards Rule 1-1(a) reminds appraisers that it is not sufficient for appraisers to simply maintain the skills and the knowledge they initially possessed. Each appraiser must continuously improve their skills to remain proficient in real property appraisal.
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12. Chapter 4: Supervisors, Trainees, and Standards Rules
Chapter 4 Quiz
3. According to the Comment accompanying the Introduction of STANDARD 2, the form, format, and style of a report are specific to the
development steps undertaken in the assignment.
needs of intended users and appraisers.
scope of work determined necessary in an assignment.
type of property that is the subject of the appraisal.
The answer is B. According to the Comment accompanying the Introduction of STANDARD 2, the form, format, and style of a report are specific to the needs of intended users and appraisers.
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13. Chapter 4: Supervisors, Trainees, and Standards Rules
Chapter 4 Quiz
4. Standards Rule 2-1 contains general obligations for all written and oral real property appraisal reports, including a specific obligation that all ___________ used in the assignment must be clearly and accurately disclosed.
assumptions, extraordinary assumptions, hypothetical conditions, and limiting conditions
confidential elements and the sources of confidential information
data and verification sources
non-appraiser personnel and administrative assistance
The answer is A. Standards Rule 2-1 contains general obligations for all written and oral real property appraisal reports, including the obligation that all assumptions, extraordinary assumptions, hypothetical conditions, and limiting conditions used in the assignment.
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14. Chapter 4: Supervisors, Trainees, and Standards Rules
Chapter 4 Quiz
5. The Comment for Standards Rule 2-2(a)(vii), for the Appraisal Report option, advises that when any portion of the work involves significant real property appraisal assistance, the appraiser must _________ the extent of that assistance.
detail
discuss
state
summarize
The answer is D. The Comment for Standards Rule 2-2(a)(vii), for the Appraisal Report option, advises that when any portion of the work involves significant real property appraisal assistance, the appraiser must summarize the extent of that assistance.
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15. Chapter 4: Supervisors, Trainees, and Standards Rules
Chapter 4 Quiz
6. STANDARD 2 contains specific content requirements for a real property appraisal report. As an overall obligation, Standards Rule 2-1 requires that appraisal reports contain ________ to enable intended users to understand the report properly.
definitions of appraisal terms
exhibits and photographs
simple and common language
sufficient information
The answer is D. Standards Rule 2-1 requires that appraisal reports contain sufficient information to enable intended users to understand the report properly.
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16. Chapter 4: Supervisors, Trainees, and Standards Rules
Chapter 4 Quiz
7. The Comment to Standards Rule 3-6 is very similar to that found in Standards Rule 2-3. The one exception is the Comment to Standards Rule 3-6, specifically warning that
appraisal review is a completely different activity than cosigning a report.
no significant assistance may be disclosed in an appraisal review report.
supervisors and trainees must take responsibility for the elements of the work being reviewed.
trainees must always sign an appraisal review report.
The answer is A. The Comment to Standards Rule 3-6 differs from Standards Rule 2-3, because it specifically warns that appraisal review is a completely different activity than cosigning a report, such as when a supervisory appraiser cosigns with a trainee.
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17. Chapter 4: Supervisors, Trainees, and Standards Rules
Chapter 4 Quiz
8. Advice issued by the ASB indicates that if a trainee appraiser is asked by his or her supervisory appraiser to make changes to assignment results that were developed by the trainee for which the trainee does not agree, the trainee must
disassociate himself or herself from the supervisory appraiser.
include a statement to that effect in the report.
not sign the certification or the report.
notify the Appraisal Practices Board.
The answer is C. If the report does not represent the opinions and conclusions of the trainee, then the trainee must not sign the report or the certification. An appraiser required to make changes that he or she does not agree with would not be reporting his or her own personal analyses, opinions, or conclusions.
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18. Chapter 4: Supervisors, Trainees, and Standards Rules
Chapter 4 Quiz
9. For a Restricted Appraisal Report, in addition to naming those providing significant assistance in the certification, the extent of that assistance must be ______ in the report.
detailed
discussed
stated
summarized
The answer is C. The Comment for Standards Rule 2-2(b)(vii), for the Restricted Appraisal Report option, advises that when any portion of the work involves significant real property appraisal assistance, the appraiser must state the extent of that assistance.
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19. Chapter 4: Supervisors, Trainees, and Standards Rules
Chapter 4 Quiz
10. Standards Rule 3-6 states that each ______________ must contain its own signed certification.
Appraisal Review Report
Letter of Transmittal
Narrative Summary Report
Scope of Work Designation
The answer is A. Correct! Standards Rule 3-6 states that each written Appraisal Review Report must contain a signed certification.
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