CHAPTER 15
SUPERVISOR RESPONSIBILITIES
193F—15.1(543D) Description. The importance of the role of the supervisory appraiser places ethical and professional standards on those who serve in this capacity. The function of the supervisory appraiser is to help adequately prepare a trainee to demonstrate professional competence and work independently upon issuance of full licensure. The supervisor is considered an integral part of the training process, and supervision should be considered a full-time, hands-on responsibility. To this end, the board has promulgated the following best practices to clarify the board’s intent for supervisory appraisers.
193F—15.2(543D) Supervisory appraiser responsibilities. Supervisory appraisers shall:
	1.	Ensure that the information presented in the appraisal report is accurate and dependable in order to provide a valid and credible report.
	2.	Adequately supervise a trainee in the data-gathering process to ensure that the trainee is correctly and properly collecting pertinent and factual data for analysis.
	3.	Ensure that the trainee is knowledgeable about the various sources from which to gather data and that the data collected is reliable. The trainee should be exposed to any sources of research that would be considered by one’s peers in the marketplace including cost manuals, multiple listing services, public records and Internet study.
	4.	Teach the trainee to reason independently and formulate reasonable conclusions based upon the analysis of the information gathered.
	5.	Teach the basic routine of the appraisal process including a consistent and regular pattern of data gathering, analysis, and report writing.
	6.	Review and critique appraisal reports for accuracy, ease of reading, understanding and purpose, and ensure that all addenda are both relevant and pertinent.
	7.	Ensure that factual data is reliable and that analysis is both supported and documented. All necessary certification and limiting conditions should be up to date and applicable to the assignment.
	8.	Expose a trainee to as many different property types, report formats and value ranges as possible with the understanding that each time a new or unique assignment is introduced, there is a responsibility to instruct and educate the trainee to ensure competency.
	9.	Inspect each appraised property with the trainee until the supervisor determines the trainee is competent, in accordance with the COMPETENCY RULE of USPAP for the property type.
	10.	Bring the trainee appraiser to a professional level that enables the trainee to demonstrate competency independently.
193F—15.3(543D) Requirements for a supervisory appraiser. Effective January 1, 2006, a supervisory appraiser shall:
	1.	Have a minimum of two years of experience as a certified appraiser and be in good standing in all states and have had no disciplinary action that affects the supervisor’s legal eligibility to engage in appraisal practice.
	2.	Have a maximum of three trainees and shall register with the board the name, office address and starting date of each trainee, as well as any termination dates (voluntary or involuntary).
	3.	Be responsible for the training and direct supervision of the associate appraiser by accepting full responsibility for the appraisal report by signing and certifying that the report is in compliance with USPAP.
	4.	Keep copies of associate appraiser reports for a period of at least five years or at least two years after final disposition of any judicial proceeding in which testimony was given, whichever period expires last.
193F—15.4(543D) Restrictions. The board may prohibit or further restrict an appraiser’s authorization to act as a supervisory appraiser while the appraiser is under an unsatisfactory disciplinary order.
These rules are intended to implement Iowa Code section 543D.5.
[Filed 4/22/05, Notice 3/16/05—published 5/11/05, effective 6/15/05]