Question

Under North Carolina law, who is responsible for the contents and the conclusions in an appraisal report when a Trainee and a Supervisory Appraiser work together on an appraisal assignment?

(A) The Trainee Appraiser only
(B) The Supervisory Appraiser only
(C) Both the Supervisory Appraiser and the Trainee Appraiser
(D) The North Carolina Appraisal Board

Answer 1

Under North Carolina law, both the Supervisory Appraiser and the Trainee Appraiser are responsible for the contents and conclusions in an appraisal report when they work together on an appraisal assignment.

Step-by-step explanation:

Under North Carolina law, both the Supervisory Appraiser and the Trainee Appraiser are responsible for the contents and conclusions in an appraisal report when they work together on an appraisal assignment.

According to the North Carolina Appraisal Board, the Supervisory Appraiser has the responsibility to properly train and supervise the Trainee Appraiser, while the Trainee Appraiser is expected to adhere to the standards set forth by the appraisal profession.