Regarding the requirements for Trainee and Supervisory Appraisers, what must the Supervisory Appraiser understand?

The correct answer emphasizes that a Supervisory Appraiser must have a comprehensive understanding of both the AQB (Appraisal Qualifications Board) requirements and the specific requirements set by the jurisdiction in which they operate.

Having knowledge of the AQB requirements is crucial because these guidelines establish the minimum qualifications for appraisers, including education, experience, and examination criteria. This foundation ensures that Supervisory Appraisers are aware of the national standards that must be met for the development of competent appraisers.

Furthermore, understanding the jurisdiction's requirements is equally important, as these can vary by state or local region and may include additional regulations, licensing prerequisites, or specific procedural rules that are not covered by AQB standards. This local knowledge ensures compliance with all applicable regulations, providing a framework within which Trainee Appraisers can successfully learn and grow.

Together, this comprehensive knowledge empowers Supervisory Appraisers to effectively mentor their trainees, ensuring that they not only meet the minimum standards set at a national level but also adhere to any additional requirements in their specific location. This dual awareness is essential for both the integrity of the appraisal profession and the success of the Trainee Appraiser.