Do You Have Copies Of Your Appraisals?

[Dee Dee]

Bump

 

[Gary Leduc]

When I was a trainee, not too long ago, I never, ever signed a report in the 2 1/2 years of working with my mentor.
Now I am on my own and sign every report.

 

[Otis Key]

Dee Dee, good job keeping this going and up at the top. I'm not a trainee so I didn't vote, but I do have a trainee. I'll say up front that the "significant contributory assistance" disclosure is included in each report that it's appropriate. I'll also say that the work that my apprentice does is on the new form, to keep the training ahead of the learning curve and that is printed out for the trainee's files. I suppose I should print them out for my files as well, but I burn them to CD's. My work on the appraisal, which is completed and sent out so much faster than the apprentice can keep up with at this early stage, is completed on the old format.

Once the apprentice has completed the report, it is emailed to me and we then spend hours going over, quizzing, explainations, etc., about the report, the verbiage and the whys & whatfors. I'm starting to see a good turning point now and I STRONGLY suggest that all trainees/apprentices obtain a copy of the data, work products and final reports to comply with the requirements for licensure.

 

[Gary Leduc]

I wish Otis was my mentor!

 

[Otis Key]

Originally posted by Gary Leduc@Jul 27 2005, 01:20 PM
I wish Otis was my mentor!

It's the way I think an apprentice should get the proper training, education, instruction and broken into this field. We don't have an easy job when you get down to the real meat of the profession.

PS - no you don't - no pay to apprentice. All free work and help.

 

[Dee Dee]

Originally posted by Gary Leduc@Jul 25 2005, 06:44 PM
When I was a trainee, not too long ago, I never, ever signed a report in the 2 1/2 years of working with my mentor.
Now I am on my own and sign every report.

Gary,
I take that to mean that you have copies of all the reports (exactly as they were sent to the client) in your posession, and that your supervisor DID inspect all of the properties and gave proper acknowledgement of your contributions in the addendum. Right?

 

[Dee Dee]

Bump

 

[Dee Dee]

I noticed that there are lots of new forumite members since the last bump, so I want to get this back to the top of the Newbies section.

 

[david kowalski]

Hi
I am a trrainee in florida and I was wondering because most of our clients add in the order if this appraisal has significant work preformed by a trainee then this will be reevaluated at a lower cost. so my supervisor does not add the trainee name to the report. how do you log hours for this situation, and is have a copy of the report unsigned complete enough for logging hours. I guess Im confused on excatly what i need to get credit for the report that i have given a significant contribution too.

david

 

[Francois K. Gregoire]

Originally posted by david kowalski@Nov 22 2005, 06:48 AM
Hi
I am a trrainee in florida and I was wondering because most of our clients add in the order if this appraisal has significant work preformed by a trainee then this will be reevaluated at a lower cost. so my supervisor does not add the trainee name to the report. how do you log hours for this situation, and is have a copy of the report unsigned complete enough for logging hours. I guess Im confused on excatly what i need to get credit for the report that i have given a significant contribution too.

david

David,

As you most likely are aware, Florida Staute 475, Part II has a provision which states:

475.624 Discipline--The board may deny an application for registration, licensure, or certification; may investigate the actions of any appraiser registered, licensed, or certified under this part; may reprimand or impose an administrative fine not to exceed $5,000 for each count or separate offense against any such appraiser; and may revoke or suspend, for a period not to exceed 10 years, the registration, license, or certification of any such appraiser, or place any such appraiser on probation, if it finds that the registered trainee, licensee, or certificateholder: .....

(14) Has violated any standard for the development or communication of a real estate appraisal or other provision of the Uniform Standards of Professional Appraisal Practice.

Applicable in the determination of possible violations of this section of the staute would be:

SR 2-2 (a), (b) or ©(vii) along with SR 2-3. The pertinent language being:

— no one provided significant real property appraisal assistance to the person signing this certification. (If there are exceptions, the name of each individual providing significant real property appraisal assistance must be stated.)

For additional guidance, you might want to take a look at ADVISORY OPINION 5 (AO-5)

Hopefully, this will assist you and your Supervisory Appraiser in making the correct decision and proper disclosures.