018-1 Wyo. Code R. § 1-17

Current through April 27, 2019
Section 1-17 - Responsibilities of a Certified Appraiser acting as a supervisory appraiser

(a) A supervising appraiser shall be responsible for and provide direct supervision of the work performed by a certified real estate appraiser trainee under his/her supervision. The supervising appraiser shall:

  • (i) Notify the Board of the name(s) and other Board required information for each certified real estate appraiser trainee under his/her supervision.
  • (ii) Sign and review the appraisal and assume full responsibility for it; and
  • (iii) Not allow the certified real estate appraiser trainee to make any representations regarding the appraisal to a third party; and
  • (iv) Disclose in the appraisal report the name of the certified real estate appraiser trainee and the scope of the certified real estate appraiser trainee's contribution to the report.
  • (v) Maintain an appraisal log jointly with the certified real estate appraiser trainee using the form available on the Board website.

(b) Upon request, the supervising appraiser shall provide the Board with a copy of any appraisal report that a certified real estate appraiser trainee signed under his/her supervision.

(c) The certified real estate appraiser trainee is entitled to copies of appraisal reports he/she prepares.

(d) The supervising appraiser shall physically inspect each property that the certified real estate appraiser trainee is appraising until such time as he/she deems the certified real estate appraiser trainee satisfies the competency provision of USPAP.

(e) Supervisory appraisers shall be state-certified and "in good standing" in all jurisdictions where certified, and certified for a period of at least three (3) years. Supervisory appraisers shall not have been subject to any disciplinary action within any jurisdiction within the last three (3) years that affects the supervisory appraiser's legal eligibility to engage in appraisal practice. A supervisory appraiser subject to a disciplinary action would be considered "in good standing" three (3) years after the successful completion/termination of the sanction imposed against the appraiser. Supervisory appraisers shall have been state-certified for a minimum of three (3) years prior to being eligible to become a Supervisory Appraiser.

(f) The certified real estate appraiser trainee shall be permitted to work under more than one (1) supervising appraiser; however, no supervising appraiser may supervise more than three (3) certified real estate appraiser trainees at any one time.

(g) The supervising appraiser shall be within reasonable geographic proximity to the certified real estate appraiser trainee.

(h) Supervisory appraisers shall be required to complete a course that, at a minimum, complies with the specifications for course content established by the AQB, which is specifically oriented to the requirements and responsibilities of supervisory appraisers and trainee appraisers. The course is to be completed by the supervisory appraiser prior to supervising a trainee appraiser.

018-1 Wyo. Code R. § 1-17

Amended, Eff. 6/8/2016.

Amended, Eff. 6/21/2018.