(a) “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, partnership, corporation or group or in such manner that it might be interpreted as referring to a firm, partnership, corporation, group or anyone other than an individual holder of the license or certificate.

Terms Used In Tennessee Code 62-39-324

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • 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
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(b) No license or certificate shall be issued under this chapter to a firm, partnership, corporation or group. This shall not be construed to prevent a state licensed or certified real estate appraiser from signing an appraisal report on behalf of a firm, partnership, corporation or group practice.
  Previous section
Next section  
 Part 3 Contents