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Bank Requirements?

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jtmilby

Thread Starter
Freshman Member
Joined
Jan 15, 2002
Is it possible or common for a bank to deny a trainee to do appraisals for that institution even though he/she has a Certified person to help, review, and sign the report.

The reason I am asking is that I have a particular individual who is a Certified Appraiser that was supposed to be my supervisor when I finished my eduacation. After I finished I was doing all of his leg work, like the inspection, measurements, pictures and comps. Then I would turn the in and he would print the report. Since he would not be my supervisor I had no trainee license and did not receive any credit for almost 600 hours of work.

After about 4 months of waiting I found another appraiser in the next county to be my supervisor. Now the problem is that the original appraiser has went to all of the banks and stated that he could not do their work if I was allowed to get some appraisal work.

Is there any thing I can do about this situation? Or should I just throw in the towl and try to find a job in a different field?
 

wyecoyote

Senior Member
Joined
Jan 15, 2002
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
Washington
Sounds like your original supervisior is trying to keep you from taking his clients. Did you receive your trainiee license? Is a trainiee license required in your state? Where these clients your original supervisor clients or did you get them yourself? It is fround upon to go back and try to "steal" your original supervisor's clients. :evil: The bank can order an appraisal through whatever appraisal company that they want to. Whether the bank/clients that your talking about will order through your new supervisor is up to them. There is no requirement for them to send work to your new supervisor.

Ryan
 

xmrdfghap

Senior Member
Joined
Jan 15, 2002
Professional Status
General Public
State
Florida
Could be a restraint of trade issue if anything. I would consult an attorney.

Also, if you have done that much work for the original appraiser, and he never did the inspections.....just signed the report, there appears to be a USPAP violation. Again, get in touch with an attorney or a least an experienced appraiser in your area....every area is different.
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
I have only one lender that has the requirement of NO trainees. But for the most part, I have not had any problems in the past. That is, as long a supervisor appraiser went with the trainee to do the site inspection.
Getting clients is a different story. Being an appraiser is like any other business, marketing is half of the job. But boy, if I told my area lenders that I could not do appraisals for them if they used so and so, I probably would not have ANY work. Small town, everyone is related in some way. :roll:
Mell N.GA.
 

Carnivore

Elite Member
Supporting Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
I am going to take a little different tact on this.

The way I see it YOU and this supervisor have engaged in a practive to deceive and mislead the clients listed on these reports. You may be able to defend yourself by claiming NO KNOWLEDGE of what the supervisor did.
Good Luck. If you were in North Carolina you would be at serious risk. This state requres a log be maintained by the supervisor on your Experience. This log is subject to inspection by the state board. These appraisals you claim to have done will be audited by randomn sampling the state board prior to ALLOWING you to proceed with a licensing exam.
God help you if your lie to the state board. You might as well go flip burgers.

I believe the term is accomplice! You might one to look it up.
 

Paul Ness MAI

Member
Joined
Jan 14, 2002
Professional Status
Certified General Appraiser
State
Pennsylvania
Banks are required by law to engage only certified appraisers. Further, a bank has the right to require the certified appraiser with whom they engage to physically inspect the subject property. As long as the engaged appraiser signs the report, he/she is on the hook with the bank, and it doesn't really matter who else signs the report.
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
We receive appraisal assignments all the time that say, "no trainees". You should get with the appraiser and work it out.

You are not permitted to work on your own at your license level, if you did, then the reports are in violation of USPAP and probably your state licensing laws.

This type of mis-understand comes from not having a clear "written" agreement at the time of employment. I would have definate heartburn with a trainee going to my clients as soliciting work.
 

Bruce Aseltine

Freshman Member
Joined
Feb 21, 2002
If the Supervising Appraiser never inspected the properties directly and just signed off on the reports, and he/she is till being a pain taking away your future clients, I would probably consider filing a complaint with the OREA for violating USPAP. He/she may get their license revoked.
 
Joined
Feb 3, 2004
Professional Status
Certified Residential Appraiser
State
Kansas
My opinion is to ignore your hostile former supervisor. One thing I know about bankers around here is you do not make demands. They'll drop you like an old hat, doesn't matter if you're the best or not, attitude counts.
 

Chris Colston

Elite Member
Joined
Jul 24, 2003
Professional Status
Certified Residential Appraiser
State
Florida
Originally posted by jtmilby@Jan 15 2002, 06:03 PM
The reason I am asking is that I have a particular individual who is a Certified Appraiser that was supposed to be my supervisor when I finished my education. After I finished I was doing all of his leg work, like the inspection, measurements, pictures and comps. Then I would turn the in and he would print the report. Since he would not be my supervisor I had no trainee license and did not receive any credit for almost 600 hours of work.

You don't indicate what State (besides the sate of confusion) you are in. If you are in Florida you and that "supervisor" could be in BIG trouble! You were doing all of the work WITHOUT a trainee license??? :shocked:

I'm confused :confused: by your post. At first it sounds like the old supervisor might be trying to restrict where and for whom you can work. On the other hand, you might wind up be greatful that neither of you get turned into your state Board. :eek:nfire:

Are you a trainee with license or are you not? Were you when you did the work and how much actual supervision did you receive?? Sounds like NONE. :twisted:
 
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