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24.207.518    MENTOR REQUIREMENTS

(1) A mentor for a licensed trainee must:

(a) be a certified residential or certified general appraiser for a minimum of two years;

(b) be approved by the board prior to beginning mentoring duties;

(i) a mentor shall make application on forms approved by the board and submit two appraisal reports prepared by the mentor in accordance with Uniform Standards of Professional Appraisal Practice (USPAP) standards;

(ii) failure to prepare appraisal reports in compliance with USPAP can result in denial of mentor status.

(c) have a minimum of two years appraisal experience as a certified appraiser;

(d) be in good standing with the board and not currently hold a probationary license with the board;

(e) certify the mentor's agreement to provide on-going supervision of the licensed trainee;

(f) be responsible for and must provide direct supervision of all appraisal work performed by the trainee in accordance with USPAP standards;

(g) review and sign the activity experience log prescribed by the board of their trainee, certifying its accuracy;

(h) inspect the first 50 properties with each trainee under the mentor's supervision;

(i) be limited to mentoring a total of three trainees at any particular time; and

(j) be limited to mentoring trainees in areas where the mentor is competent to perform appraisals.

(2) A mentor must notify the board within ten days when mentoring of a trainee has terminated.

(3) Any and all disciplinary actions against your license must be disclosed for board review.

History: 37-1-131, 37-54-105, MCA; IMP, 37-1-131, 37-54-105, 37-54-201, 37-54-202, 37-54-301, 37-54-403, 37-54-411, MCA; NEW, 2004 MAR p. 79, Eff. 1/16/04; AMD, 2005 MAR p. 1400, Eff. 7/29/05; AMD, 2007 MAR p. 203, Eff. 2/9/07; AMD, 2008 MAR p. 2272, Eff. 10/24/08.

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