Termination of association between appraiser and intern: Duties of appraiser; suspension of registration card; prohibited acts of intern.
1. If an intern for any reason terminates his association with an appraiser, the appraiser shall:
(a) Immediately deliver or mail by certified mail to the Division the intern’s registration card, together with a written statement of the circumstances surrounding the termination of the association and a copy of the notice required by paragraph (b); and
(b) At the time of delivering or mailing the registration card to the Division, advise the intern that his registration card has been forwarded to the Division by mailing notice of that fact to the intern’s last known residential address.
2. The registration card must be suspended if the intern does not become associated with another certified or licensed appraiser within 30 days after the termination of his previous association.
3. The intern shall not assist in the preparation or communication, whether directly or indirectly, of an appraisal under the authority of his registration card from the date that the registration card is delivered or mailed by the appraiser with whom his association was terminated to the Division, until the date that a new registration card is issued naming another appraiser with whom the intern has become associated.
Last modified: February 27, 2006