Qualifications For General Certification

(1) An applicant applying for a state certified general real estate appraiser license shall first register as a real estate appraiser trainee, or be a licensed or certified residential real estate appraiser, and complete the experience requirements established in rule 1255-01-.12 and shall then satisfy the following education, experience, and examination requirements as a prerequisite for certification: (a) General Education. An applicant shall satisfy the following general education requirements as a prerequisite for certification as a state certified general real estate appraiser: 1. Bachelor’s degree or higher. (b) Appraisal Education. An applicant shall satisfy the following appraisal education requirements as a prerequisite to sit for the state certified general real estate appraiser examination: 1. Three hundred (300) 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 through 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. (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 thirty (30) hour course in General Appraiser Market Analysis and Highest and Best Use; (v) Successful completion of a fifteen (15) hour course in Statistics, Modeling and Finance; GENERAL PROVISIONS CHAPTER 1255-01 (vi) Successful completion of a thirty (30) hour course in General Appraiser Sales Comparison Approach; (vii) Successful completion of a thirty (30) hour course in General Appraiser Site Valuation and Cost Approach; (viii) Successful completion of a sixty (60) hour course in General Appraiser Income Approach; (ix) Successful completion of a thirty (30) hour course in General Appraiser Report Writing and Case Studies; and (x) Successful completion of thirty (30) hours of appraisal subject matter electives which may include any hours over the minimum listed above in (i) through (ix). 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 an applicant credit toward the qualifying education requirement only if the length of the educational offering is at least fifteen (15) hours and the applicant successfully completes an examination pertinent to that educational offering. 5. An applicant’s qualifying education requirement may include the one hundred fifty (150) classroom hour requirement for the licensed real estate appraiser classification or the two hundred (200) hour requirement for the certified residential real estate appraiser classification. 6. An applicant may obtain credit for the qualifying education requirement from the following: (i) Colleges or universities; (ii) Community or junior colleges; (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. 7. An applicant may refer to Chapter 1255-02 Evaluation of Appraiser Education for further delineation of qualifying educational requirements. 8. In the event of a denial, an applicant for certification 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 applicant is denied after reconsideration, the denial shall not create a GENERAL PROVISIONS CHAPTER 1255-01 contest case as defined by the Uniform Administrative Procedures Act, T.C.A. § 4-5-102. The applicant may reapply for a certificate. (c) Foreign Education. An applicant seeking to satisfy the general education requirements for a state certified general appraiser credential with college-level education from a foreign institution shall have their education evaluated for equivalency by an accredited, degree-granting domestic college or university, The American Association of Collegiate Registrars and Admissions Officers (AACRAO), a foreign degree credential evaluation service company that is a member of the National Association of Credential Evaluation Services (NACES) or a foreign degree credential evaluation service company that provides equivalency evaluation reports accepted by an accredited degree-granting domestic college or university or by a state licensing board that issues credentials in another discipline. (d) Experience. 1. An applicant must satisfy the AQB experience requirements as a prerequisite for certification as a state certified general real estate appraiser. 2. An applicant may 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 eighteen (18) 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 requirements of Title 62, Chapter 39, and the rules promulgated by the Commission. 3. An applicant shall complete at least one thousand five hundred (1,500) hours of the total three thousand (3,000) hours in non-residential appraisal work. Residential means one (1) to four (4) residential units. An applicant shall ensure that his or her experience shall satisfactorily demonstrate competence in the cost, income capitalization and direct sales comparison approaches to value. 4. 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 each twelve (12)-month period during which 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; (vi) Client name and address; and GENERAL PROVISIONS CHAPTER 1255-01 (vii) Signature and State certification number of the supervising appraiser, if applicable. 5. 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. 6. There is no minimum number of hours that must have been obtained in any one (1) twelve (12)-month period. (e) Examination. An applicant shall successfully complete the Appraiser Qualifications Board endorsed Uniform State Certified General 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. (f) Once the applicant has completed all of the required qualifying education and experience, then the applicant may submit his or her application for certification. 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. (g) An applicant applying for a State Certified General Appraiser certification who holds a current State Licensed Appraiser credential may satisfy the educational requirements for the State Certified General Appraiser credential by completing the following additional educational hours: 1. Successful completion of a thirty (30) hour General Appraiser Market Analysis and Highest and Best Use course; 2. Successful completion of a thirty (30) hour General Appraiser Site Valuation and Cost Approach course; 3. Successful completion of a thirty (30) hour General Appraiser Sales Comparison Approach course; 4. Successful completion of a thirty (30) hour General Report Writing and Case Studies course; 5. Successful completion of a fifteen (15) hour Statistics, Modeling and Finance course; and 6. Successful completion of a sixty (60) hour General Appraiser Income Approach course. (h) An applicant applying for a State Certified General Appraiser certification who holds a current State Certified Residential Appraiser credential may satisfy the educational requirements for the State Certified General Appraiser credential by completing the following additional educational hours: 1. Successful completion of a thirty (30) hour General Appraiser Market Analysis and Highest and Best Use course; GENERAL PROVISIONS CHAPTER 1255-01 2. Successful completion of a thirty (30) hour General Appraiser Sales Comparison Approach course; 3. Successful completion of a thirty (30) hour Site Valuation and Cost Approach course; 4. Successful completion of a sixty (60) hour General Appraiser Income Approach course; and 5. Successful completion of a thirty (30) hour General Appraiser Report Writing and Case Studies course. (i) An applicant applying for a State Certified General Appraiser certification pursuant to subparagraphs (g) or (h) must also satisfy the college-level educational requirements as specified in 1255-01-.08(1)(a).