Final answer:
The North Carolina Appraisal Board may take disciplinary action against Certified Residential Appraisers, Certified General Appraisers, and Trainee Appraisers for violations such as ethical misconduct or negligence.
Step-by-step explanation:
The North Carolina Appraisal Board (NCAB) may take disciplinary action against various types of appraisers. These include Certified Residential Appraisers (CRAs), Certified General Appraisers (CGAs), and Trainee Appraisers. CRAs are licensed to appraise residential properties, while CGAs have the authority to appraise both residential and commercial properties. Trainee Appraisers are individuals who are in the process of gaining experience and education to become certified appraisers.
Disciplinary actions by the NCAB can involve issues such as violations of the Uniform Standards of Professional Appraisal Practice (USPAP), failure to maintain ethical standards, negligence, incompetence, or engaging in fraudulent activities.
It is important for appraisers to adhere to the guidelines and standards set by the NCAB to maintain their professional reputation and avoid disciplinary actions that may lead to suspension, revocation of license, fines, or other penalties.