aqb proposed supervisory appraiser and trainee appraiser course objectives and content outline

TO: AllInterestedPartiesFROM: RickBaumgardner,Chair AppraiserQualificationsBoardRE: Proposed Supervisory Appraiser and Trainee Appraiser Course

ObjectivesandContentOutlineDATE: August2,2012Thegoalof theRealPropertyAppraiserQualificationCriteria (Criteria) is topromoteandmaintain a high level of public trust in appraisal practice by establishing minimumeducation,experience,andexaminationrequirementsforrealpropertyappraisers.OnDecember9, 2011, theAppraiserQualificationsBoard (AQB) adopted changes to theCriteria that will become effective January 1, 2015. These changes representminimumnationalrequirementsthateachstatemustimplementnolaterthanJanuary1,2015.One of the changes adopted by the AQB requires that both Supervisory Appraisers andTraineeAppraiserscompleteacoursethat,ataminimum,complieswiththespecificationsforcoursecontentestablishedbytheAQB.ThecoursemustbecompletedbytheTraineeAppraiser prior to obtaining a Trainee Appraiser credential, and completed by aSupervisoryAppraiserpriortosupervisingaTraineeAppraiser.The attached SupervisoryAppraiser andTraineeAppraiser CourseObjectives and ContentOutlinedetailstheminimumspecificationsofcourseobjectivesandcontentestablishedbytheAQBtobeusedbyeducationdevelopersandproviders. Thecourseshalladdresstherequirements, responsibilities and expectations of Supervisory Appraisers and TraineeAppraisersintheirrespectiveroles.The AQB is currently seeking comments regarding the attached course objectives andcontent.NOTE:Asstatedpreviously,the2015Criteriahavealreadybeenadopted.Therefore,pleaselimitallcommentsexclusivelytotheproposedcoursecontentandobjectives.TheCriteriarequirementsforTraineeAppraisersandSupervisoryAppraisershavealreadybeenadoptedby theAQB;allcommentsrelated to theCriteriareceived inresponsetothisdocumentwillbedismissed.

All interestedpartiesareencouraged tocomment inwriting to theAQBbefore thedeadlineofSeptember10,2012. RespondentsshouldbeassuredthateachmemberoftheAQBwillthoroughlyreadandconsiderallcomments.CommentsarealsoinvitedattheAQBpublicmeetingonSeptember14,2012,inDallas,Texas.Written comments on the SupervisoryAppraiser andTraineeAppraiserCourseObjectivesandContentOutlinecanbesubmittedbymail,emailandfacsimile.Mail: AppraiserQualificationsBoard TheAppraisalFoundation 115515thStreet,NW,Suite1111 Washington,DC20005Email: [email protected]: (202)347‐7727

IMPORTANTNOTE:Allwrittencommentswillbeposted forpublicviewing,exactlyassubmitted,onthewebsiteofTheAppraisalFoundation. Namesmayberedacteduponrequest.The Appraisal Foundation reserves the right not to post written comments thatcontainoffensiveorinappropriatestatements.If you have any questions regarding the attached Supervisory Appraiser and TraineeAppraiser Course Objectives and Content Outline, please contact Magdalene Vasquez,Qualifications Administrator at The Appraisal Foundation, via e‐mail [email protected](202)624‐3074.

SupervisoryAppraiser/TraineeAppraiserCourseOutline Page1

SUPERVISORY APPRAISER/ TRAINEE APPRAISER COURSE CONTENT OUTLINE

On December 9, 2011, the Appraiser Qualifications Board (AQB) of The AppraisalFoundationadoptedchangestotheRealPropertyAppraiserQualificationCriteria(Criteria)thatwill become effective January 1, 2015. These changes representminimumnationalrequirementseachstatemustimplementnolaterthanJanuary1,2015.

The changes to the Criteria include revised requirements for the Trainee Appraiserclassification. In addition, there are new requirements for SupervisoryAppraisers. OnesuchrequirementisthatboththeTraineeAppraiserandtheSupervisoryAppraisershallberequiredtocompleteacoursedesignedtohelpbothTraineeandSupervisoryAppraisersunderstandtheirexpectationsundertheCriteria.Thatcourse,ataminimum,mustcomplywiththespecificationsforcoursecontentestablishedbytheAQB.

ThiscoursewillbeorientedtowardtherequirementsandresponsibilitiesofSupervisoryAppraisers,aswellasexpectationsforTraineeAppraisers.Thecoursemustbecompletedby theTraineeAppraiserprior to obtaining aTraineeAppraiser credential, andmustbecompletedbytheSupervisoryAppraiserpriortosupervisingaTraineeAppraiser.

TheAQBprovidesthefollowingoutlinetoensureconsistentminimumcontentforcoursedevelopers and providers. It is the responsibility of the course developers and/orproviders to verify with each credentialing jurisdiction in which the developer and/orproviderintendstoprovidethecourse,todetermineifthereareadditionalcoursecontentand/orrequirementsthatmayexceedAQBminimumCriteria.

CourseObjectives In developing the course, providers must include the following course objectivesaddressingboththeSupervisoryAppraiserandTraineeAppraiser.


SupervisoryAppraiserObjectives The course must provide adequate information to ensure the Supervisory Appraiserunderstandsthequalificationsandresponsibilitiesofthatrole.Specifically,theobjectiveofthecourseshallbethatthestudentunderstands:

AQBminimumqualificationsforbecomingandremainingaSupervisoryAppraiser; Jurisdictional credentialing requirements for both Supervisory Appraisers and

TraineeAppraisersthatmayexceedthoseoftheCriteria; ExpectationsandresponsibilitiesofbeingaSupervisoryAppraiser; Responsibilities and requirements of a Supervisory Appraiser inmaintaining and

signingallappropriateTraineeAppraiserexperiencelogs;and ExpectationsandresponsibilitiesoftheTraineeAppraiser.

AppraiserTraineeObjectives The course must provide adequate information to ensure the Trainee Appraiserunderstandsthequalificationsandresponsibilitiesofthatrole.Specifically,theobjectiveofthecourseshallbethatthestudentunderstands:

AQBminimumqualificationsforbecomingaTraineeAppraiser; Jurisdictional credentialing requirements for Trainee Appraisers thatmay exceed

thoseoftheCriteria; AQBminimumqualificationsforbecomingandremainingaSupervisoryAppraiser,

aswell as jurisdictional credentialing requirements thatmay exceed those of theCriteria;

Processes and roles of the entities involved in establishing qualifications forcredentialedappraisers;

ExpectationsandresponsibilitiesoftheTraineeAppraiser; Qualificationstobecomeacredentialedappraiser; BasicsoftheUniformStandardsofProfessionalAppraisalPractice(USPAP);and ResponsibilitiesandrequirementsofaTraineeAppraiser’sroleinmaintainingand

signingallappropriateTraineeAppraiserexperiencelogs.


CourseContentOutline In developing a course, developers must include the topics contained in the followingoutlinewhencreatingcoursecontent:


I. TableofContents

II. CourseIntroductionandOverview

III. QualificationandCredentialingEntities

A. TheAppraisalFoundation

1. OverviewofthecreationandroleofTheAppraisalFoundation

B. TheAppraiserQualificationsBoard(AQB)

1. OverviewoftheroleoftheAQBinestablishingqualificationsforrealpropertyappraisers

C. IndividualStateorTerritoryCredentialingAuthorities

1. Overviewofajurisdiction’sroleinissuingappraisercredentialsanddiscipliningappraisers.

2. Specific information regarding the regulatory structure of theindividualjurisdiction(Optional)

D. ProfessionalAppraiserOrganizations

1. Overviewoftheroleofprofessionalappraiserorganizations

2. Explaindifferencebetween required regulatory stateappraisercredentialsand “voluntary”professionalappraiserorganizationdesignations


IV. QualificationsforAppraiserCredentials

A. Qualifications

1. OverviewoftheAQBqualificationsforrealpropertyappraisers,including the education, experience and examinationrequirementsforthefollowingcategories:

a) TraineeAppraiser

b) LicensedResidential

c) CertifiedResidential

d) CertifiedGeneral

Comment: Course developers shall include a summary matrixoutlining the minimum education, experience and examinationrequirementsnecessaryforeachofthedifferentcredentials.

2. OverviewofSupervisoryAppraiserqualifications

a) AQBminimumqualifications

b) Qualifications that may exceed AQB minimumqualifications in the jurisdiction in which the course isprovided

B. IndividualJurisdictionQualifications

1. OverviewexplaininghowAQBsetsminimumqualifications,butstatesmayhavequalificationsthatexceedAQBCriteria

2. Outlineandexplainthespecificsteps/requirementstobecominglicensedorcertifiedintheparticularjurisdiction


V. OverviewofUSPAP

A. Providebriefoverviewof sectionsofUSPAP relevant toTraineeAppraisersincludingoverviewsof:

1. ETHICSRULE

2. COMPETENCYRULE

3. SCOPEOFWORKRULE

4. RECORDKEEPINGRULE

5. STANDARD 1 (Development) and STANDARD 2 (Reporting)

Comment: This section is not intended to be a substitute for the 15‐HourNationalUSPAPCourse.

VI. Overview of Supervisory Appraiser Expectations andResponsibilities

A. The Course material must include a presentation of therequirements, expectations and responsibilities of SupervisoryAppraiser.Ataminimum,theCoursematerialsmustincludeanddiscussthefollowingtopics:

1. The expectations and responsibilities of the SupervisoryAppraiser to provide the Trainee Appraiser with a basicunderstandingofUSPAPrequirements

2. The expectations and responsibilities of the SupervisoryAppraisertounderstandtheAQBminimumrequirementsofboththeSupervisoryAppraiserandTraineeAppraiser,aswellastherequirements of the credentialing jurisdiction thatmay exceedthoseoftheCriteria


3. The expectations and responsibilities of the SupervisoryAppraiser toprovideproperguidance to theTraineeAppraiserwhenheorsheselectsaspecificcredentialingpath(i.e.,LicensedResidential,CertifiedResidentialorCertifiedGeneral)

4. The expectations and responsibilities of the SupervisoryAppraiser to monitor the Trainee Appraiser’s progress insatisfying both the education and experience requirementsnecessarytoachievehisorherselectedcredentialingpath

5. The expectations and responsibilities of the SupervisoryAppraiser toverify that theSupervisoryAppraiserandTraineeAppraiserareproperlydocumentingallappropriateexperiencelogs

6. The expectations and responsibilities of the SupervisoryAppraisertoaccompanytheTraineeAppraiseronallinspectionsuntiltheTraineeAppraiser iscompetenttoconduct inspectionsindependently,andhasmetallspecificrequirementspertainingto property inspection established by the credentialingjurisdiction

7. The expectations and responsibilities of the SupervisoryAppraiser to provide assignments and duties that ensure theTrainee Appraiser is developing an understanding andprogression of knowledge and experience of all applicablevaluationmethodologiesandapproachestovalue

8. The expectations and responsibilities of the SupervisoryAppraiser tomonitor the Trainee Appraiser over the trainingperiodtoensureaprogressionofknowledgeandexperience

9. The expectations and responsibilities of the SupervisoryAppraiser to verify that the Trainee Appraiser is properlyidentified and acknowledged in the appraisal report incompliancewithUSPAPrequirements


10. The expectations and responsibilities of the SupervisoryAppraiser to immediately notify the Trainee Appraiser if theSupervisoryAppraiserisnolongerqualifiedtosuperviseand/orsigntheTraineeAppraiser’sexperiencelog

VII. OverviewofTraineeAppraiserExpectationsandResponsibilities

A. The Course material must include a presentation of therequirements, expectations and responsibilities of the TraineeAppraiser.Ataminimum,theCoursematerialsmustincludeanddiscussthefollowingtopics:

1. TheexpectationsandresponsibilitiesoftheTraineeAppraisertohaveabasicunderstandingof theAQBminimum requirementstobecome aTraineeAppraiser, aswell as the requirementsofthe credentialing jurisdiction that may exceed those of theCriteria

2. TheexpectationsandresponsibilitiesoftheTraineeAppraisertohave an understanding about the importance of selecting anappropriate Supervisory Appraiser. Points covered shallinclude:

a) The Supervisory Appraiser‐Trainee Appraiserrelationshipisalong‐termcommitmentbybothparties

b) The Trainee Appraiser is inherently connected to the“goodstanding”oftheSupervisoryAppraiser

c) TheimportanceofselectingaSupervisoryAppraiserwiththe experience and competency that best matches theTraineeAppraiser’sselectedcredentialingpath

d) Options for the Trainee Appraiser if a SupervisoryAppraiser isnolongerqualifiedtoserveasaSupervisoryAppraiser


3. TheexpectationsandresponsibilitiesoftheTraineeAppraisertohave an understanding of how to determine if an appraiser isqualifiedandingoodstandingtobeaSupervisoryAppraiserbysearching the Appraisal Subcommittee (ASC) National Registryand/orjurisdictionalwebsites

4. TheexpectationsandresponsibilitiesoftheTraineeAppraisertounderstand it is the Supervisory Appraiser’s responsibility tomonitor the progression of the Trainee Appraiser’s educationand experience necessary to achieve the Trainee Appraiser’sselectedcredentialingpath

5. TheexpectationsandresponsibilitiesoftheTraineeAppraisertounderstand it is the Supervisory Appraiser’s responsibility toprovide assignments and duties that ensure the TraineeAppraiser is developing an understanding and progression ofknowledge and experience of all applicable valuationmethodologiesandapproachestovalue

6. TheexpectationsandresponsibilitiesoftheTraineeAppraisertounderstand the responsibilities of both the Trainee Appraiserand the Supervisory Appraiser in properly documenting allappropriateTraineeAppraiser’sexperiencelogs

7. TheexpectationsandresponsibilitiesoftheTraineeAppraisertounderstand the Supervisory Appraiser must accompany theTraineeAppraiseronallinspectionsuntilheorsheiscompetentto conduct inspections independently, and has met allrequirements pertaining to property inspection established bythecredentialingjurisdiction

VIII. Overview of Jurisdictional Requirements for SupervisoryAppraiserandTraineeAppraiserRequirements


A. ProvideSummaryofjurisdictionalrequirementsthatmayexceedthoseoftheAQBCriteria

B. Course Developers may elect to present jurisdictionalrequirements as a separate add‐on module, or incorporatedifferences between AQB minimum and jurisdictionalrequirementsineachappropriatesectionoftheoutline

IX. Summary/Quiz(Optional)

X. Definitions

A. Provideglossaryofdefinitionsutilizedthroughoutthecourse

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