VA Pamphlet 26-7 Chapter 11, Topic 19: Appraiser Training a New Appraiser

Document
VA Lender's Handbook, VA Pamphlet 26-7
Version in Zeitro Strata
Where
pages 284–285 of 461

Page 284

Topic 19. Appraiser Training a New Appraiser

February 22, 2019

This Chapter has been revised in its entirety.

a. Training for New Appraisers

VA understands the importance of appraisers providing training to new appraisers and is supportive of appraisers who are dedicating their time to training others who are pursuing a career as an appraiser.

b. Visiting Properties

Trainees may accompany the VA-assigned appraiser when visiting the property.

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c. Assistance From Trainee

A trainee or another appraiser may assist in any part of the appraisal yet the analysis establishing value must be performed by the VA-assigned fee appraiser. The appraiser must select the comparable sales, perform all critical analyses contained in the appraisal report, and prepare the Market Conditions Addendum.

d. Reporting Trainee’s Name and Work Performed

If a trainee or another appraiser provided assistance or participated in the preparation of the appraisal, the appraiser must provide the name of the trainee or appraiser in the report and describe their role in developing the appraisal. Only the VA-assigned fee appraiser may sign the appraisal report.

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.