(a) As a prerequisite to making application for licensure as a state-licensed real estate appraiser, a state-certified residential real estate appraiser or a state-certified general appraiser, an applicant must register as a real estate appraiser trainee, in addition to all other lawful requirements, then demonstrate two (2) years of service under a state-certified residential real estate appraiser or a state-certified general real estate appraiser as a real estate appraiser trainee or equivalent experience as determined by the commission and in compliance with the Uniform Standards of Professional Appraisal Practice promulgated by the appraisal standards board of the appraisal foundation.
Terms Used In Tennessee Code 62-39-304
Appraisal: A determination of property value.
Appraisal: means the act or process of developing an opinion of value of identified real estate. See Tennessee Code 62-39-102
Appraisal foundation: means the appraisal foundation incorporated as an Illinois not for profit corporation on November 30, 1987. See Tennessee Code 62-39-102
Real estate: means an identified parcel or tract of land, including improvements, if any. See Tennessee Code 62-39-102
Real estate appraiser: means a person who engages in real estate appraisal activity for a fee or other valuable consideration. See Tennessee Code 62-39-102
(b) Eligibility for registration as a real estate appraiser trainee shall be determined by the Tennessee real estate appraisal commission.(c) An application for registration as a real estate appraiser trainee shall be accompanied by a nonrefundable application fee.(d) A certificate of registration as a real estate appraiser trainee will expire two (2) years following the date of issuance, unless renewed prior to expiration.(e) This section shall not apply to persons serving as a trainee under the supervision of a state-certified residential real estate appraiser or a state-certified general real estate appraiser as of June 30, 1997.
