Is it legal for an apprentice appraiser to prepare an appraisal report?
No. The law does not prevent an “appraiser trainee” from preparing an appraisal report. However, it will require a review and signature of a certified real estate appraiser as the supervisory appraiser. Appraisers are reminded that Standard Rule 2-3 USPAP requires the name of each individual providing significant professional assistance be stated in the certification of the report.
Related Questions
- Can an appraiser deliver an appraisal report to more than one lender assuming the appraisal has been ordered by one of the lenders?
- Can an appraiser’s information be omitted from the appraisal report prior to sending it to the borrower?
- Can the appraiser communicate with the borrower about the appraisal report?
