A certified appraiser may use a trainee but stays liable for the work
What the document says“In performing an appraisal under this section, a State certified appraiser may use the assistance of a State credentialed trainee appraiser or an unlicensed trainee appraiser, except that the State certified appraiser assisted by a trainee shall be liable for appraisal and valuation work.”
The section adds a new subsection to section 1113 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 letting a State certified appraiser use the help of a State credentialed trainee or an unlicensed trainee, while leaving the certified appraiser liable for the appraisal and valuation work.
What the document actually says“In performing an appraisal under this section, a State certified appraiser may use the assistance of a State credentialed trainee appraiser or an unlicensed trainee appraiser, except that the State certified appraiser assisted by a trainee shall be liable for appraisal and valuation work.”
A certified appraiser may get help from a trainee. The trainee may hold a state credential or none. The certified appraiser still answers for the work.
This is how new appraisers learn the job. The senior person signs off. If the value is wrong, that person is on the hook.
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