§ 62-39-332. Records Retention
A state licensed or certified real estate appraiser shall retain the following records for five (5) years or for at least two (2) years after the disposition of any civil, criminal or administrative proceeding in which testimony was given about an appraisal assignment or appraisal report, whichever period expires last: Originals and true copies of […]
§ 62-39-333. Commission — Authority to Promulgate Rules and Regulations
The commission shall have the authority to promulgate rules and regulations pursuant to the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, as may be necessary to ensure compliance with the Financial Institutions Reform, Recovery and Enforcement Act of 1989, and other federal law that may be applicable. It is the intent of […]
§ 62-39-334. Court Testimony — Receipt of Fee
This chapter shall not act or be construed to prohibit a real estate broker licensed under chapter 13 of this title from testifying as to the value of property in court cases as an expert witness and receiving a fee for the testimony subject to review by the court.
§ 62-39-335. Minimum Requirements
It is the legislative intent that this chapter shall not require an applicant to have more than the minimum hourly requirements of education and experience in order to qualify for full licensure or certification. The minimum requirements are those requirements set forth by the appraisal foundation. The Tennessee real estate appraisal commission has the authority […]
§ 62-39-336. Temporary Practice Permits — Administrative Action — Consent to Suit
The commission may issue a temporary practice permit to a nonresident of this state who is properly licensed or certified in another state. The holder of a valid temporary practice permit shall be authorized to perform appraisals in this state subject to the requirements of this chapter and the rules promulgated by the commission. The […]
§ 62-39-331. Certain Contingent Fees Prohibited — Exception
A state licensed or certified real estate appraiser may not accept a fee for an appraisal assignment that is contingent upon the appraiser reporting a predetermined estimate, analysis or opinion or is contingent upon the opinion, conclusion or valuation reached or upon the consequences resulting from the appraisal assignment. A state licensed or certified real […]
§ 62-39-322. Nonresident Licensees and Certificate Holders — Reciprocity — Fees
If, in the determination of the commission, a state is deemed to have meaningful requirements for licensure and certification, then the commission shall grant reciprocal rights to licensees and certificate holders who are in good standing in that state. The commission shall set reasonable fees for the practice of appraisal in this state by licensees […]
§ 62-39-323. License or Certificate Number to Appear on Appraisal Reports — Authorized Use of Initials
A license or certificate issued under authority of this chapter shall bear the license or certificate number assigned by the commission. Each state licensed real estate appraiser shall place the real estate appraiser’s license number adjacent to or immediately below the title “State Licensed Real Estate Appraiser” when used in an appraisal report or in […]
§ 62-39-324. Use of Certain Titles Restricted to Individual Holders of License or Certificate — Issuance of License or Certificate to Certain Entities Prohibited
“State certified real estate appraiser,” “state certified residential real estate appraiser,” “state certified general real estate appraiser” or “state licensed real estate appraiser” may only be used to refer to individuals who hold the license or certificate and may not be used following or immediately in connection with the name or signature of a firm, […]
§ 62-39-325. Renewal of License or Certificate — Rules — Legislative Intent
In accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, the commission shall promulgate rules to ensure that each individual renewing the individual’s license or certificate has a working knowledge of current real estate appraisal theories, practices and techniques sufficient to enable the individual to provide competent real estate appraisal services […]