Michael S
Senior Member
- Joined
- Mar 18, 2009
- Professional Status
- Certified General Appraiser
- State
- New Mexico
I was perusing the rule changes a few weeks ago when I came across this new clause. Basically If I spend 50 hours on an appraisal it now only counts as 25 towards my 3,000 hours. Apparently all of my hours before 8/31/10 are grandfathered in (about 1,000) however going forward I'll need another 4,000 hours instead of 2,000 for my general certification. Here's an email I received back when I asked for clarification on this. I'll probably still have enough hours by the time I hit the 2 and a half year mark but it's still frustrating to have the rules changed in the middle of the game.
16.62.1.12 SUPERVISING APPRAISER/TRAINEE:
A. Supervision of trainees: ......
B. Trainee. All trainees shall perform all real estate appraisal and related activities under the immediate, active, and personal supervision of a certified real estate appraiser. All appraisal reports must be signed by the trainees declared supervisor. By signing the appraisal report, the certified appraiser accepts responsibility with the trainee for the content of and conclusions of the report. A trainee may assist in the performance of real estate appraisals provided the trainee:
(1) maintains a log on a form prescribed by the board that includes, but is not limited to, each appraisal performed by the trainee, the type of the property appraised, type of appraisal performed, complete street address of the subject property, the date the report was signed, the number of hours claimed, the name of the supervisor for that appraisal, the supervisor’s certificate number, and whether the supervisor accompanied the trainee on the inspection of the subject; the log must show all appraisals and related activities performed by the trainee and must be updated and signed by the supervisor at least every 30 days; a trainee can only receive credit for half of the hours claimed within the performed appraisal.
(2) must attend a supervisor/trainee education program approved by the appraisal board either before supervision begins or within 90 days after such supervision begins; if the trainee does not take the class within 90 days after supervision begins, the trainee shall not receive appraisal experience credit for appraisals performed until the class is taken;
(3) must assure that the supervisor has properly completed and sent the declaration form to the appraisal board on or before the day the trainee begins assisting the supervising appraiser;
(4) trainees shall not receive appraisal experience credit for appraisal and related activities performed in violation of Subsection B of 16.62.1.12 NMAC.
[16.62.1.12 NMAC - N, 06/13/08; A, 10/16/2009; A, 08/21/2010]
Hi Michael,
Any work done under your supervisor before 8/31/2010 will count as full credit anything after that will count as half.
Roberta Perea
Administrative Assistant
New Mexico Real Estate Appraisers Board
16.62.1.12 SUPERVISING APPRAISER/TRAINEE:
A. Supervision of trainees: ......
B. Trainee. All trainees shall perform all real estate appraisal and related activities under the immediate, active, and personal supervision of a certified real estate appraiser. All appraisal reports must be signed by the trainees declared supervisor. By signing the appraisal report, the certified appraiser accepts responsibility with the trainee for the content of and conclusions of the report. A trainee may assist in the performance of real estate appraisals provided the trainee:
(1) maintains a log on a form prescribed by the board that includes, but is not limited to, each appraisal performed by the trainee, the type of the property appraised, type of appraisal performed, complete street address of the subject property, the date the report was signed, the number of hours claimed, the name of the supervisor for that appraisal, the supervisor’s certificate number, and whether the supervisor accompanied the trainee on the inspection of the subject; the log must show all appraisals and related activities performed by the trainee and must be updated and signed by the supervisor at least every 30 days; a trainee can only receive credit for half of the hours claimed within the performed appraisal.
(2) must attend a supervisor/trainee education program approved by the appraisal board either before supervision begins or within 90 days after such supervision begins; if the trainee does not take the class within 90 days after supervision begins, the trainee shall not receive appraisal experience credit for appraisals performed until the class is taken;
(3) must assure that the supervisor has properly completed and sent the declaration form to the appraisal board on or before the day the trainee begins assisting the supervising appraiser;
(4) trainees shall not receive appraisal experience credit for appraisal and related activities performed in violation of Subsection B of 16.62.1.12 NMAC.
[16.62.1.12 NMAC - N, 06/13/08; A, 10/16/2009; A, 08/21/2010]