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Tennessee Real Estate Appraisers Commission

Real Estate Appraiser License Information

 

General Info | Education Requirements | Experience | Testing Procedures
Already Registered Trainee | Reciprocal Applicant | Non-Reciprocal Applicant
Temporary Practice Permit | FAQs

 

 

General Information:

 

The following is a brief summary regarding the different levels of appraiser licenses, along with education and experience requirements.

 

There are three real estate appraiser classifications: State Licensed Appraiser, State Certified Residential Appraiser and State Certified General Appraiser.

  • A State Licensed Real Estate Appraiser can appraise noncomplex one to four family residential units having a transaction value less than one million dollars and complex one to four family residential units having a transaction value less than two hundred fifty thousand dollars.  A State Licensed Appraiser can also appraise other types of real property having a transaction value less than two hundred fifty thousand dollars. Agricultural properties, including agricultural properties with up to two (2) dwelling units, with a value up to, but not including, one million dollars ($1,000,000). (TN Code Ann. 62-39-302)
  • A State Certified Residential Appraiser can appraise all types of non-complex one-to-four family residential property without regard to transaction value and other types of real property having a transaction value less than two hundred fifty thousand dollars. Agricultural properties, including agricultural properties with up to two (2) dwelling units, with a value up to, but not including, one million dollars ($1,000,000). (TN Code Ann. 62-39-302)
  • A State Certified General Appraiser can appraise all types of real property. (TN Code Ann. 62-39-302)

 

Background Checks: Begining January 1, 2015, All candidates for a real property appraiser credential must undergo background check.


 

Education Requirements:

 

The following is a summary of education and experience requirements for obtaining licensure/certification as a real estate appraiser.

  • All education "course providers" and courses must be approved by the Tennessee Real Estate Appraiser Commission, except those applicants who are licensed or certified in a Reciprocal State.
  • Please view the "Approve Course Listing" on this website prior to taking any courses for qualifying or continuing education.
  • Please submit only photo copies of education with applications. All applicants/licensees must maintain a record of their education.
  • A listing, by county, of real estate appraisers may be requested County Listing of Licensees here or on the Appraisal Subcommittee website at www.asc.gov and clicking on the link for "Find an Appraiser".
  • Please visit the Appraisal Foundation website at: www.appraisalfoundation.org to learn more about the 2008 changes.

Go to the following website to download the current list of approved qualifying and continuing education courses:  /regboards/treac/forms.shtml (Click on "Approved Course Listing").

 

Registered Trainee - A person desiring to become an appraiser must register with the Commission and work under the direct supervision of one or more certified appraisers who have been certified with the Commission for a minimum of 24 months.  Experience gained prior to registration will be not accepted.  Prior to registering with the Commission, a registered trainee applicant must complete 75 hours of qualifying education, within five (5) years preceding the date of application, in the following categories and successfully pass the applicable final examinations:

  1. 15-hour Appraisal Foundation's National USPAP course, or its equivalent; -and-
  2. Successful completion of a thirty (30) hour course in Appraisal Principles; -and-
  3. Successful completion of a thirty (30) hour course in Appraisal Practice or Procedures.

The five-year requirement does not apply to licensed appraisers or certified appraisers applying to upgrade their license or certificate.

D. Beginning January 1, 2015, both the Trainee Appraiser and Supervisory Appraiser shall be required to complete a course that, at a minimum, complies with the specifications for course content established by the AQB.

 

State Licensed Appraiser - An applicant must have 150 hours of approved qualifying appraisal education courses completed with successful passage of course final exams in the following categories and credit hours:

  • Course(s) on Basic Appraisal Principles (30 hours in not less than 15 hour increments);
  • Course(s) on Basic Appraisal Procedures (30 hours in not less than 15 hour increments);
  • Course(s) on Residential Market Analysis and Highest and Best Use (15 hours);
  • Course(s) on Residential Appraiser Site Valuation and Cost Approach (15 hours);
  • Course(s) on Residential Sales Comparison and Income Approaches (30 hours in no less than 15 hour increments);
  • Course(s) on Residential Report Writing and Case Studies (15 hours)
  • The Appraisal Foundation's National USPAP Course or its equivalent (15 hours).

Beginning January 1, 2015, applicants to become a State Licensed Appraiser must also complete 30 semester credit hours of college-level education from an accredited college, junior college, community
college, or university OR an Associate’s degree or higher (in any field).

 

State Certified Residential Appraiser - Applicant must have an Associate degree or higher from an accredited college or university.  In lieu of the Associate degree, an applicant for State Certified Residential Appraiser shall successfully complete the following collegiate level subject matter courses from an accredited college, junior college, community college or university, totaling a minimum of 21 semester credit hours, 31.5 quarter hours, or 315 classroom hours:

  • English Composition; Principles of Economics (Micro or Macro); Finance; Algebra, Geometry, or higher mathematics; Statistics; Introduction to Computers-Word Processing/Spreadsheets; and Business or Real Estate Law.

Beginning January 1, 2015, a Bachelor’s degree or higher (in any field) from an accredited college or
university will be required; the in lieu of degree" option will end.

In addition to the Associate degree, 200 hours of qualifying education courses in the following categories and credit hours must be completed, with the successful passage of the course final exams, as specified in these rules:

  • Course(s) on Basic Appraisal Principles (30 hours in not less than 15 hour increments);
  • Course(s) on Basic Appraisal Procedures (30 hours in not less than 15 hour increments);
  • Course(s) on Residential Market Analysis and Highest and Best Use (15 hours);
  • Course(s) on Residential Appraiser Site Valuation and Cost Approach (15 hours);
  • Course(s) on Residential Sales Comparison and Income Approaches (30 hours in no less than 15 hour increments);
  • Course(s) on Residential Report Writing and Case Studies (15 hours);
  • Course(s) on Statistics, Modeling and Finance (15 hours);
  • Course(s) on Advanced Residential Applications and Case Studies (15 hours);
  • Electives (20 hours);
  • The Appraisal Foundation's National USPAP Course or its equivalent (15 hours).

State Certified General Appraiser - Applicant must have a Bachelors degree or higher from an accredited college or university.  In lieu of the Bachelors degree, an applicant for State Certified General Appraiser shall successfully complete the following collegiate level subject matter courses from an accredited college, junior college, community college or university, totaling a minimum of 30 semester credit hours, 45 quarter hours, or 450 classroom hours:

  • English Composition; Micro Economics; Macro Economics; Finance; Algebra, Geometry, or higher mathematics; Statistics; Introduction to Computers-Word Processing/Spreadsheets; Business or Real Estate Law; and Two Elective courses in accounting, geography, agricultural economics, business management, or real estate.

Beginning January 1, 2015, a Bachelor’s degree or higher (in any field) from an accredited college or
university will be required; the in lieu of degree" option will end.

In addition to the Bachelors degree, 300 hours of qualifying education courses in the following categories and credit hours must be completed, with the successful passage of course final exams, as specified in these rules:

  • Course(s) on Basic Appraisal Principles (30 hours in not less than 15 hour increments);
  • Course(s) on Basic Appraisal Procedures (30 hours in not less than 15 hour increments);
  • Course(s) on General Appraiser Market Analysis and Highest and Best Use (30 hours in not less than 15 hour increments);
  • Course(s) on Statistics, Modeling and Finance (15 hours);
  • Course(s) on General Appraiser Sales Comparison Approach (30 hours in not less than 15 hour increments);
  • Course(s) on General Appraiser Site Valuation and Cost Approach (30 hours in not less than 15 hour increments);
  • Course(s) on General Appraiser Income Approach (60 hours in not less than 15 hour increments);
  • Course(s) on General Appraiser Report Writing and Case Studies (30 hours in not less than 15 hour increments);
  • Electives (30 hours in not less than 15 hour increments);
  • The Appraisal Foundation's National USPAP Course or its equivalent (15 hours).

 


 

Experience Requirements:

 

Registered Trainee - No previous experience is required to register as a Registered Trainee.  However, in order to gain experience credit for licensure/certification, an appraiser assistant must have a supervising appraiser and register with the Commission.  Experience gained prior to registration will not be accepted.   When measuring the beginning and ending of the experience period under AQB criteria (currently 24 months for licensed and certified residential and 30 months and for certified general), TREAC will review each appraiser’s experience log and note the dates of the first and last acceptable appraisal activities performed by the applicant. Then, TREAC will calculate the time period spanned between those appraisal activities. The supervisor and trainee have shared responsibility to ensure the appraisal experience log for the Trainee Appraiser is accurate, current, and complies with the requirements of the Laws and Rules of Tennessee.

 

State Licensed Appraiser - 2,000 hours over a minimum period of twenty-four months.  Experience must be in conformance with the Uniform Standards of Professional Appraisal Practice.

 

State Certified Residential Appraiser - 2,500 hours over a minimum period of twenty-four months.  Experience must be in conformance with the Uniform Standards of Professional Appraisal Practice.

 

State Certified General Appraiser - 3,000 hours (including at least 1,500 hours of non-residential appraisal experience) over a minimum period of thirty months. Experience must be in conformance with the Uniform Standards of Professional Appraisal Practice.

 

See Rules of the Tennessee Real Estate Appraiser Commission Chapter 1255-3 (Evaluation of Appraiser Experience) for acceptable appraisal experience.

 

Experience Log

 

An experience log documenting acceptable appraisal experience is required for all license applications. The work product claimed for experience credit must conform with Uniform Standards of Professional Appraisal Practice and be verifiable.

 

See Rules of the Tennessee Real Estate Appraiser Commission Chapter 1255-3 (Evaluation of Appraiser Experience) for guidelines for appraisal experience.

 


 

Testing Procedures

 

The tests will be administered by an approved provider under contract with the Tennessee Real Estate Appraiser Commission.  An electronic examination provides test/fail reports to candidates immediately upon completion of the examinations. The examinations are given at established test center locations.  An applicant will be allowed four opportunities to pass the examination.  The applicant must successfully pass the examination within twelve (12) months of their exam approval date.  Any applicant who has taken and failed four examinations shall be required to submit a new application.

 

Rescheduling and Excused Absences

 

An applicant must reschedule examinations and request excused absences directly from the testing agent.

 

Licensing/Certification Procedures

 

Upon successful completion of the examination, applicants must send the Commission an original test score sheet from the testing center regarding successful completion of the examination and required fees for licensure/certification. Applicants should keep a photo copy of the test sheet for their records.

 


 

Already a Registered Trainee

  • A registered trainee must obtain the required education and experience to apply for licensure or certification.
  • All of the requirements must be fully accomplished prior to submitting a license/certification application.
  • The application must be completed, accompanied by education certificates, experience log, and $125 fee.
  • Once the completed application is received, properties will be chosen from the experience log, and the applicant submits three (3) copies of each of the requested appraisals or an e-mail of the pdf files.
  • The appraisals should be submitted no later than twenty (20) days prior to the next meeting in order to ensure placement on the agenda.
  • An interview will be scheduled with the Commission to discuss those appraisal reports.
  • When an applicant is approved, he/she will receive information from the Commission in order to schedule the examination.
  • The examinations for Licensed Appraiser and Certified Residential Appraiser may be taken prior to fulfilling the experience requirement until December 31, 2014. On and after January 1, 2015, both the education and the experience must be completed prior to approval to take the examination.  All of the education requirements must be completed prior to applying to take the LI or CR exam early.
  • If a registered trainee applies to take the examination prior to application for licensure and completion of the experience interview they shall remit a nonrefundable fee of fifty dollars ($50.00) with his or her application to take the examination for a state licensed real estate appraiser or a state certified residential real estate appraiser.
  • A registered trainee must obtain licensure or certification within twenty-four (24) months of the examination date or they will lose credit for the examination.
  • A license or residential certificate will be issued to a registered trainee or applicant for registration as a registered trainee who passes the examination, only upon the registered trainee or applicant for registration as a registered trainee completing all requirements for licensure or residential certification.
  • If all other requirements are not met prior to the expiration of a trainee's registration and the registered trainee fails to renew, then he or she loses credit for passing the examination.

 


 

Reciprocal State Applicant

  • An applicant from a reciprocal state may complete the reciprocal application, completing the entire application which includes a "Consent to Jurisdiction" form.
  • The Commission may audit the experience, education or examination documents for any applicant for licensure or certification.
  • Applicants must be AQB compliant in the Jurisdiction of Residency and be in "Good Standing" in that Jurisdiction. A letter of Good Standing is required, contact your resident Jurisdiction for instructions.
  • If an applicant has a pending complaint in another Jurisdiction, the reciprocal application will not be processed until the complaint is resolved.
  • The experience log is not automatically required; however, the education must be listed (certificates of completion not automatically required).
  • The fee for the application is $125, and the licensure/certification fee is $430, making a total of $555.
  • After receipt of the complete application and after the fees have been processed, the application takes approximately five (5) business days to process.
  • A license/certificate will be mailed to the mailing address listed on the application.

 

Non-Reciprocal State Applicant

  • Applications received from a non-reciprocal state are processed just as a trainee applying for an in-state license or certificate. 
  • The Commission may audit the experience, education or examination documents for any applicant for licensure or certification.
  • Applicants must be AQB compliant and be in "Good Standing" in that Jurisdiction. A letter of Good Standing is required, contact your resident Jurisdiction for instructions.
  • If an applicant has a pending complaint in another Jurisdiction, the application will not be processed until the complaint is resolved.
  • The education must be listed. Certificates of completion may not be required if the applicant has been licensed or certified in another Jurisdiction for at least 24 months, is in good standing in that Jurisdiction, and has no prior discipline or convictions in any Jurisdiction.
  • The fee for the application is $125, and the licensure/certification fee is $430, making a total of $555. After receipt of the complete application and after the fees have been processed, the application takes approximately five (5) business days to process.
  • A license/certificate will be mailed to the mailing address.

 


 

Temporary Practice Permit

  • An individual who is performing an appraisal on one assignment, for one client, in Tennessee may apply for a temporary practice permit.
  • The fee is $150 per assignment.
  • Multiple properties can be considered as one assignment if the assignment is for the same client and reports are for the same intended use and same time period.
  • After receipt of the fee and the complete application, the application will take a maximum of five (5) business days to process by the Real Estate Appraiser Commission.
  • A certificate will be mailed to the business address.
  • There is a maximum of six (6) permits issued each calendar year.

 



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