Tennessee Code 62-39-414 – Biennial certification of system and process of verification of licensure of individual being added to appraiser panel
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Terms Used In Tennessee Code 62-39-414
- 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 62-39-402
- Appraiser: means an individual who holds a license under part 1 of this chapter. See Tennessee Code 62-39-402
- Commission: means the real estate appraiser commission created by §. See Tennessee Code 62-39-402
- 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
Each appraisal management company seeking to be registered shall certify to the commission on a biennial basis on a form prescribed by the commission that the appraisal management company has a system and process in place to verify that an individual being added to the appraiser panel for appraisal services within Tennessee of the appraisal management company holds a license in good standing in this state pursuant to this chapter.