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Tennessee Real Estate Appraisers Commission

Commission Policies

 

TREAC Policies

  1. The Tennessee Real Estate Appraiser Commission strictly construes Rule 1255-2-.2 and 1255-2-.12 to mean that a course “taken more than once” shall mean a course of the same name and subject matter taken more than once, and a “repeated course” shall mean a course including substantially similar subject matter, whether or not the course has the same name.
  2. Prior to approval of appraisal experience, all applicants for initial or upgraded licensure or certification shall unless the Commission determines otherwise attend an informal experience review with a member of the Commission to ensure compliance with the Uniform Standards of Professional Appraisal Practice and obtain any other necessary information not apparent from the application. Any trainee, after completing 500 hours of experience, may request an additional preliminary interview to discuss his or her experience.
  3. The Commission may consider anonymous complaints provided that they are accompanied by information which the Commission may rely upon as a factual basis of the complaint. Such information may include a copy of the subject appraisal report and/or comments indicating the alleged violations.
  4. In cases where an applicant may be required to appear before the Commission because they have answered “yes” to question number three (3) on the character information page of their application, and the offense is five (5) years old or older, and the offense does not fall under T.C.A. 62-39-326(3) or (4), the Executive Director of the Tennessee Real Estate Appraiser Commission is authorized to approve any appraiser application in house without presentation to the Commission. The Executive Director in his/her discretion may present applications and/or applicants to the Commission for approval.
  5. When measuring the beginning and ending of the experience period under AQB criteria (currently 24 months for licensed and certified residential and 30 months and for certified general), TREAC will review each appraiser’s experience log and note the dates of the first and last acceptable appraisal activities performed by the applicant. Then, TREAC will calculate the time period spanned between those appraisal activities.
  6. Applicants, which are current credential holders in good standing within another jurisdiction, may obtain reciprocal credentials, temporary practice permits, renewals of existing credentials, and an equivalent credential in Tennessee. Evidence of AQB compliance must be verified either through the National Registry, maintained by the Appraisal Subcommittee of Congress, or by a “Letter of Good Standing” from the credentialing jurisdiction.
  7. Licensees that gained licensure or certification by reciprocity, but have subsequently moved to Tennessee and establish residency shall meet all Tennessee required education, experience and examination requirements if they apply for upgrade of licensure/certification.
  8. In cases where an AMC applicant answered “yes” to a question on the character information page of their application, and the offense is five (5) years old or older, and the offense does not fall under T.C.A. 62-39-409 (2) (a) or Rule 1255-08-.01 (1) (f), the Executive Director of the Tennessee Real Estate Appraiser Commission may approve the AMC application without presentation to the Commission. The Executive Director in his/her discretion may present any application to the Commission for approval.
  9. The education member of the Commission may review and approve courses, individual course approval requests, and instructor approvals. Staff will maintain an education report for presentation to the Commission at public meetings.
  10. An applicant may be granted an exam approval for the national AQB examinations for licensure/certification once it has been determined by the administrative office of the Real Estate Appraiser Commission that all education and experience requirements as well as application requirements are fully documented.

NOTE: Policy Statements are adopted to enhance or clarify laws and rules. Any changes to laws or rules contradictory to the above supersede policies.