(1) Beginning October 1, 2003, a mentor for a licensed real estate appraisal trainee shall:

(a) be a certified residential or certified general appraiser. A licensed appraiser mentoring a trainee prior to October 1, 2003, may continue to mentor the licensed trainee for not more than 18 months;

(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 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;

(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 experience log of their trainee, certifying its accuracy;

(h) inspect the first 100 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 geographic 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.