Qualifications For State Licensed Appraiser

(1) An applicant for a state licensed real estate appraiser license who has satisfied the prerequisites for certification provided in rule 1255-01-.07 or rule 1255-01-.08 will also satisfy the requirements of this rule. All other applicants for a state licensed real estate appraiser license shall first register as a registered trainee with the Commission and complete the training requirements established in rule 1255-01-.12. An applicant shall then satisfy all of the following education, experience, and examination requirements: GENERAL PROVISIONS CHAPTER 1255-01 (a) General Education. An applicant shall satisfy the Appraiser Qualifications Board (“AQB”) general education requirements as a prerequisite for licensure as a state licensed real estate appraiser. (b) Appraisal Education. An applicant shall satisfy the following appraisal education requirements as a prerequisite to sit for the state licensed appraiser examination: 1. One hundred fifty (150) 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 by 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 and in good standing. (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; and (vii) Successful completion of a fifteen (15) hour course in Residential Report Writing and Case Studies. 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 the individual successfully completes an examination pertinent to that educational offering. 5. An applicant may obtain credit for the qualifying education requirement from any of the following educational providers: (i) Colleges or universities; (ii) Community or junior colleges; GENERAL PROVISIONS CHAPTER 1255-01 (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. 6. An applicant may refer to Chapter 1255-02 Evaluation of Appraiser Education for further delineation of qualifying educational requirements. 7. In the event of a denial, an applicant for a license 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 license. (c) Experience. 1. An applicant shall satisfy the AQB experience requirements as a prerequisite for licensure as a state licensed 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 six (6) 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 established 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 the six (6)-month period that 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; GENERAL PROVISIONS CHAPTER 1255-01 (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. (d) Examination. An applicant shall successfully complete the Appraiser Qualifications Board endorsed Uniform State Licensed Real Property Appraiser Examination. An applicant must obtain licensure or certification designation within twenty-four (24) months from the date of obtaining a passing score on the exam. (e) Once the applicant has completed all of the required qualifying education and experience, then the applicant may submit his or her application for licensure. 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.