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Exam (elaborations)

FL Trainee Appraiser Subject Matter Electives with Complete Solutions

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FL Trainee Appraiser Subject Matter Electives with Complete Solutions

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FL Trainee Appraiser Subject Matter
Electives with Complete Solutions
A Certified Residential Appraiser wants to act as a Supervisory Appraiser. The
appraiser had his certificate suspended by the state two years ago, but has had no
disciplinary issues since that time. Is the appraiser qualified to be a Supervisory
Appraiser? - ANSWER-No, because the appraiser must have been "in good standing"
for a period of at least three years

A current Registered Trainee Appraiser is preparing to take post-licensure education
courses. This person needs to complete ____ hours of post-licensure education over
one renewal period. - ANSWER-45

A Florida Certified Residential Appraiser has been certified for 9 years, and was subject
to a disciplinary proceeding 6 years ago in which his certification was suspended for 3
months. Is this appraiser currently eligible to be a Supervisory Appraiser? - ANSWER-
Yes; because the disciplinary action occurred over 5 years ago

A prospective Supervisory Appraiser was disciplined by FREAB twice in the last four
years. Both violations were minor and did not result in suspensions or limitations on the
appraiser's ability to practice. Is this appraiser currently eligible to act as a Supervisory
Appraiser to a Registered Trainee Appraiser? - ANSWER-No; because the appraiser
has been disciplined twice within the prior 5 years

A Registered Trainee Appraiser begins work today. When is he permitted to sign a
certification in an appraisal report for an assignment in which he provided significant
assistance? - ANSWER-After 12 months as a Registered Trainee Appraiser

A Registered Trainee Appraiser has been registered for 9 months. She inspects a
subject property unaccompanied by her Supervisory Appraiser. The Supervisory
Appraiser inspects the subject property later in the same day. Is this a permitted
practice in Florida? - ANSWER-No; they must both be at the subject property at the
same time

A Registered Trainee Appraiser in Florida is contacted by an AMC working as an agent
of a lender who wants to order an appraisal. Is the Trainee permitted to accept this
assignment from the AMC? - ANSWER-No; a Trainee Appraiser may only accept
assignments from his or her supervisor

A Registered Trainee Appraiser in Florida is permitted to receive compensation for
appraisal assignments from: - ANSWER-His or her Supervisory Appraiser only

A state appraisal regulatory agency issues ________, while a professional appraiser
organization awards ________. - ANSWER-Credentials, designations

, A Supervisory Appraiser engages several appraisal trainees and has them turning out a
high volume of appraisal reports with minimal training and supervision. This type of
operation is known as: - ANSWER-An appraisal mill

A Supervisory Appraiser has his certification suspended by a state appraisal regulatory
agency. When must the Supervisory Appraiser notify his Trainee Appraiser of this
disciplinary sanction? - ANSWER-Immediately

A Supervisory Appraiser is bringing a Trainee Appraiser along too fast, and has
assigned tasks that the Trainee Appraiser is not capable of completing. What should the
Trainee Appraiser do? - ANSWER-Tell the Supervisory Appraiser

A Supervisory Appraiser may affix a Trainee Appraiser's signature to an appraisal
report: - ANSWER-If authorization is given in a specific assignment

A Supervisory Appraiser may affix a Trainee Appraiser's signature to an appraisal
report: - ANSWER-If authorization is given in a specific assignment

A Supervisory Appraiser should be expected to instruct the Trainee Appraiser in: -
ANSWER-Appraisal ethics and appraisal methods and techniques

A Trainee Appraiser assists a Supervisory Appraiser in an appraisal review, but does
not sign the review report. Where must the Trainee Appraiser's name appear in the
appraisal review report? - ANSWER-In the certification

A Trainee Appraiser assists a Supervisory Appraiser in the performance of a real
property appraisal. The Trainee Appraiser inspects the property, but the Supervisory
Appraiser does not. Both appraisers sign the certification. Which of these statements in
the certification would be appropriate? - ANSWER-The Trainee Appraiser has made a
personal inspection of the subject property. The Supervisory Appraiser has not made an
inspection of the subject property.

A Trainee Appraiser assists a Supervisory Appraiser in the performance of an appraisal.
The Trainee Appraiser's only contribution to the assignment is assisting in the property
inspection and preliminary MLS research into comparable sales. Should the Trainee
Appraiser sign the certification in this appraisal report? - ANSWER-No, because the
trainee's contribution to the assignment was limited

A Trainee Appraiser has experience primarily in the appraisal of tract homes in
subdivisions, and regularly inspects these properties unsupervised. Should the
Supervisory Appraiser allow this Trainee Appraiser to inspect a 9,000 square foot luxury
estate with 20 acres and large outbuildings without supervision?No, because this
property is complex and is likely beyond the scope of the Trainee Appraiser's
experience - ANSWER-No, because this property is complex and is likely beyond the
scope of the Trainee Appraiser's experience

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