Rules & Regulations of the State of Tennessee
Title 1255 - Real Estate Appraiser Commission
Chapter 1255-01 - General Provisions
Section 1255-01-.07 - QUALIFICATIONS FOR STATE CERTIFIED RESIDENTIAL APPRAISER
Universal Citation: TN Comp Rules and Regs 1255-01-.07
Current through April 3, 2024
(1) An applicant applying for a state certified residential real estate appraiser certification shall first register as a real estate appraiser trainee, or be a licensed or certified general real estate appraiser. The applicant shall then satisfy all of the following education, experience, and examination requirements:
(a) General Education. An
applicant shall satisfy one (1) of the AQB general education requirements as a
prerequisite for certification as a state certified residential real estate
appraiser.
(b) Appraisal Education.
An applicant shall satisfy the following appraisal education requirements as a
prerequisite to sit for the state certified residential real estate appraiser
examination:
1. Two hundred (200) hours of
courses, in subjects related to real estate appraisal (hereinafter "qualifying
education requirement"), which shall include:
(i) Successful completion of fifteen (15)
hours of the National Uniform Standards of Professional Appraisal Practice
Course or its equivalent. Equivalency shall be determined through the Appraiser
Qualifications Board Course Approval Program or by an alternate method
established by the Appraiser Qualifications Board;
(I) The Commission shall grant an applicant
credit toward the qualifying education requirement for the National Uniform
Standards of Professional Appraisal Practice Course only when at least one of
the course instructors is an AQB Certified USPAP Instructor who is also a state
certified residential real estate appraiser or state certified general real
estate appraiser.
(ii)
Successful completion of a thirty (30) hour course in Appraisal
Principles;
(iii) Successful
completion of a thirty (30) hour course in Appraisal Practice or
Procedures;
(iv) Successful
completion of a fifteen (15) hour course in Residential Market Analysis and
Highest and Best Use;
(v)
Successful completion of a fifteen (15) hour course in Residential Appraiser
Site Valuation and Cost Approach;
(vi) Successful completion of a thirty (30)
hour course in Sales Comparison and Income Approaches;
(vii) Successful completion of a fifteen (15)
hour course in Residential Report Writing and Case Studies;
(viii) Successful completion of a fifteen
(15) hour course in Statistics, Modeling and Finance;
(ix) Successful completion of a fifteen (15)
hour course in Advanced Residential Applications and Case Studies;
and
(x) Successful completion of
twenty (20) hours of appraisal subject matter electives, which may include any
hours over the minimum listed in (i) through (ix).
2. All Courses listed in subparagraph (b) may
be taken via distance education.
3.
A course hour is defined as fifty (50) minutes of teaching out of each sixty
(60 ) minute segment.
4. The
Commission may grant credit toward the qualifying education requirement only if
the length of the educational offering is at least fifteen (15) hours and an
applicant successfully completes an examination pertinent to that educational
offering.
5. The qualifying
education requirement may include the one hundred fifty (150) hour qualifying
education requirement for the state licensed real estate appraiser
classification.
6. An applicant may
obtain credit for the qualifying education requirement from any of the
following:
(i) Colleges or
universities;
(ii) Community or
junior colleges;
(iii) Real estate
appraisal or real estate related organizations;
(iv) State or federal agencies or
commissions;
(v) Proprietary
schools;
(vi) Other providers
approved by the Commission; and
(vii) The Appraisal Foundation or its
Boards.
7. An applicant
may refer to Chapter 1255-02 Evaluation of Appraiser Education for further
delineation of qualifying education requirements.
8. In the event of a denial, an applicant for
certification may file a written request for reconsideration with the
Commission. The Commission shall consider the request for reconsideration and
reevaluate the applicant's education. In the event that the application is
denied after reconsideration, the denial shall not create a contested case as
defined by the Uniform Administrative Procedures Act, T.C.A. §
4-5-102.
The applicant may reapply for a certificate.
(c) Foreign Education. An applicant seeking
to satisfy the general education requirements for a state certified residential
appraiser credential with college level education from a foreign institution
shall have their education evaluated for equivalency by an accredited,
degree-granting domestic college or university, The American Association of
Collegiate Registrars and Admissions Officers (AACRAO), a foreign degree
credential evaluation service company that is a member of the National
Association of Credential Evaluation Services (NACES), or a foreign degree
credential evaluation service company that provides equivalency evaluation
reports accepted by an accredited degree-granting domestic college or
university or by a state licensing board that issues credentials in another
discipline.
(d) Experience.
1. An applicant shall satisfy the AQB
experience requirements as a prerequisite for certification as a state
certified residential real estate appraiser.
2. The applicant may also obtain equivalent
experience. The Commission shall determine what is considered equivalent
experience, which demonstrates the applicant's competence in the Uniform
Standards of Professional Appraisal Practice. Equivalent experience shall be
limited to the following:
(i) A minimum of
twelve (12) months of experience as a licensed or certified real estate
appraiser in another state, territory or possession of the United States, or in
any country; provided, that the applicant has otherwise met all other
requirements of Title 62, Chapter 39, and the rules promulgated by the
Commission.
3. An
applicant shall provide to the Commission a detailed listing of the types of
real estate appraisal reports or file memoranda completed by the applicant for
each twelve (12)-month period during which the applicant claims that he or she
has gained experience. Separate appraisal logs shall be maintained for each
supervisory appraiser, if applicable. The applicant shall provide verification
for experience credit claimed on forms prescribed by the Commission which shall
include the following information:
(i) Type of
property;
(ii) Date of
report;
(iii) Address of appraised
property;
(iv) Description of work
performed by the trainee/applicant and scope of the review and supervision of
the supervising appraiser;
(v)
Number of actual work hours by the trainee/applicant on the
assignment;
(vi) Client name and
address; and,
(vii) Signature and
State certification number of the supervising appraiser, if
applicable.
4. No
experience credit will be granted that was obtained prior to January 30, 1989.
An applicant shall submit sufficient recent experience to demonstrate the
ability to apply the current Uniform Standards of Professional Appraisal
Practice provisions.
(e)
Examination. An applicant shall successfully complete the Appraiser
Qualifications Board endorsed Uniform State Certified Residential Real Property
Appraiser Examination. An applicant must obtain certification designation
within twenty-four (24) months from the date of obtaining a passing score on
the exam.
(f) Once the applicant
has completed all of the required qualifying education and experience, then the
applicant may submit his or her application for certification. The Commission
office shall not process an applicant's application if the required qualifying
education and experience have not been satisfied or if the application is
incomplete. The Commission office shall keep an incomplete application active
for six (6) months, unless the applicant requests an extension in writing to
the Commission.
(g) An applicant
applying for a State Certified Residential Appraiser certification who holds a
current State Licensed Appraiser credential may satisfy the educational
requirements for the State Certified Residential Real Estate Appraiser
credential by completing the following additional educational hours:
1. Successful completion of a fifteen (15)
hour course in Statistics, Modeling and Finance;
2. Successful completion of a fifteen (15)
hour course in Advanced Residential Applications and Case Studies;
and
3. Successful completion of
twenty (20) hours of appraisal subject matter electives. These may include
hours over the minimum shown above in other modules.
(h) An applicant applying for a State
Certified Residential Appraiser certification pursuant to subparagraph (g) must
also satisfy the college-level educational requirements as specified in
1255-01-.07(1)(a).
Authority: T.C.A. §§ 62-39-203, 62-39-204, 62-39-311, 62-39-312, 62-39-313, 62-39-329, 62-39-333, and 62-39-335.
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