Trainee Signature

[JCMIRANDA1712]

Can some one help me with this. I was told that it is a violation of USPAP for a trainee appraiser to sign the appraisal report. That the correct way is for the Certified appraiser to sign the report and to disclosed the assistance of the trainee in an addendum. Now it is my understanding that USPAP does not see appraisers as trainees, license, certified or general. Regardless of the designation, USPAP sees everyone as an appraiser. I read USPAP and I can not find anywhere where it prohibits the trainee to sign the report.

Thanks

 

[Pilgrum]

It should be obvious that, as a trainee, you are not yet an appraiser. Hence. You cannot sign the report as an appraiser.

 

[Pittsburgh Pete]

Nothing wrong with a trainee signing the report in conjunction with the certified person (specific client requirements aside).

When one of my appraisers was still CR but working on commercial work, he would sign as "Assistant to the State Certified Appraiser." His contributions to the report were outlined in order to help qualify for experience towards his CG (which is what he is now).

 

[CANative]

It should be obvious that, as a trainee, you are not yet an appraiser. Hence. You cannot sign the report as an appraiser.

This is not accurate. A licensed trainee is considered an appraiser. I suppose it varies from state to state but the OP is in Florida.

From the FAQs:

What is a Registered Trainee Appraiser? (RI)
A person registered by the department as qualified to perform appraisal services only under the direct supervision of a licensed or certified appraiser. A registered trainee appraiser may accept appraisal assignments only from her or his primary or secondary supervisory appraiser, and may only take payment for appraisal services directly from the supervisor.

From the Florida statutes:

(f) “Appraiser” means any person who is a registered trainee real estate appraiser, licensed real estate appraiser, or a certified real estate appraiser. An appraiser renders a professional service and is a professional within the meaning of s. 95.11(4)(a).

Who signs the report is not a USPAP issue. Trainees are allowed to sign GSE type assignments. (but not FHA assignments)

 

[JCMIRANDA1712]

That is the way I always understood it. As a trainee a signature in the report is not a violation of USPAP. However I was told that it is by a Chief Appraiser. I did find information about this in the 2011 USPAP and I fowared such....but that did not help.

 

[CANative]

The "Chief Appraiser" is probably a lowly Licensed appraiser who couldn't make it on his own. These types always cite USPAP and are always wrong. Idiot.

*Unless there is a client assignment condition prohibiting trainees from signing on the left. In that case it probably is a USPAP violation (scope of work.)

 

[Don Clark]

It should be obvious that, as a trainee, you are not yet an appraiser. Hence. You cannot sign the report as an appraiser.

You are wrong and the OP is right. USPAP has nothing to do with licensure. I helped an SRA win a similar case before the Virginia Appraiser board.

Stop giving out false information.

There are many, many appraisers that appraise all types of things that are not state licensed or certified.

The link is to the document that was a direct result of the SRA winning his case in which I appeared for him as an expert witness:

http://www.dpor.virginia.gov/dporweb/Guidance%20Document%20re%20Signing%20Appraisal%20Rpts.pdf

 

[JCMIRANDA1712]

You are wrong and the OP is right. USPAP has nothing to do with licensure. I helped an SRA win a similar case before the Virginia Appraiser board.

Stop giving out false information.

There are many, many appraisers that appraise all types of things that are not state licensed or certified.

The link is to the document that was a direct result of the SRA winning his case in which I appeared for him as an expert witness:

http://www.dpor.virginia.gov/dporweb/Guidance Document re Signing Appraisal Rpts.pdf

Thank you for the information. Do you have any other link in regards to this information. I did find some information and I knew that I was correct. But the more information from other sources I can provide the better.

Thank you so much....

 

[CANative]

Thank you for the information. Do you have any other link in regards to this information. I did find some information and I knew that I was correct. But the more information from other sources I can provide the better.

Thank you so much....

The information is in the Florida State Statutes and on their FAQ page.

It's also in the Fannie Selling Guide.

B4-1.1-04, Use of Supervisory or Review Appraisers
(10/30/2009)
Introduction
This topic contains information on use of supervisory or review appraisers, including:
• Property Inspection Must Be Performed by the “Appraiser” Who Signs the Appraisal Report
• Supervisory Appraiser
• Review Appraisers
Property Inspection Must Be Performed by the “Appraiser” Who Signs the Appraisal
Report
Fannie Mae allows an unlicensed or uncertified appraiser who works as an employee or
subcontractor of a licensed or certified appraiser to perform a significant amount of the appraisal
(or the entire appraisal if he or she is qualified to do so), as long as the appraisal report is signed
by a licensed or certified supervisory or review appraiser and is acceptable under state law. A
supervisory appraiser or any appraiser signing on the left-hand side of the appraisal report as the
“Appraiser” must have performed the level of inspection of the subject property required by the
assignment. This does not require the supervisory appraiser to inspect the subject property in all
instances. See B4-1.1-03, Appraiser Selection, for the information about the selection and the
definition of an appraiser.
Supervisory Appraiser
If a supervisory appraiser is used, the supervisory appraiser must certify that he or she
• directly supervises the appraiser who prepared the appraisal report,
• has reviewed the appraisal report,
• agrees with the statements and conclusions of the appraiser,
• agrees to be bound by some of the same certifications that the appraiser made, and
• takes full responsibility for the appraisal report.

 

[CANative]

BTW... where is that thread where we were talking about the competency difference between what USPAP says and what Fannie says?

Lenders must use appraisers who
• are state-licensed or state-certified in accordance with the provisions of Title XI
of the Financial Institutions Reform, Recovery and Enforcement Act of 1989;
• have the requisite knowledge required to perform a professional quality appraisal
for the specific geographic location and particular property type;
• have the requisite knowledge about, and access to, the necessary and appropriate
data sources for the area in which the appraisal assignment is located.
Appraisers who are not familiar with specific real estate markets may not have
adequate information available to perform a reliable appraisal. Although the
Uniform Standards of Professional Appraisal Practice (USPAP) allows an appraiser
who does not have the appropriate knowledge and experience to accept an appraisal
assignment by providing procedures with which the appraiser can complete the
assignment, Fannie Mae requires a lender to only use an appraiser who has the
appropriate knowledge and experience, and does not allow the USPAP flexibility.
Consequently, appraisers who lack the requisite knowledge, experience, and access
to appropriate data must not be utilized.