New Mexico Broker State Practice Exam

Under the New Mexico Real Estate Appraisers Act, trainees are permitted to appraise properties specifically under the supervision of a qualified appraiser, which aligns with the correct choice regarding what trainees can do. This structure ensures that all appraisals performed by trainees are aligned with the skill and knowledge level of their supervising appraiser, thereby maintaining professional standards and protecting consumers.

This requirement helps to create a practical learning environment in which trainees can gain hands-on experience while still being overseen by a knowledgeable and licensed appraiser. It is essential for ensuring that appraisals meet the required legal and ethical standards and that trainees receive proper guidance through the appraisal process.

Options such as appraising all types of properties or preparing bank evaluations would not be permissible for trainees without the appropriate supervision or qualifications. Conducting market research is a general activity that trainees may undertake, but it does not involve the formal appraisal of properties, which requires specific oversight as dictated by the Act. Therefore, the focus on supervision in the correct choice highlights the importance of responsible training practices in the real estate appraisal field.