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Tennessee Code Title 62. Professions, Businesses and Trades § 62-39-302

Current as of January 02, 2024 | Updated by Findlaw Staff

(a) A state licensed appraiser may perform appraisals of the following properties:

(1) All properties with a transaction value of up to two hundred fifty thousand dollars ($250,000);

(2) Noncomplex residential properties with a transaction value up to, but not including, one million dollars ($1,000,000); and

(3) Agricultural properties, including agricultural properties with up to two (2) dwelling units, with a value up to, but not including, one million dollars ($1,000,000).

(b) A state certified residential appraiser shall be authorized to appraise all properties that a state licensed appraiser may appraise and also all residential real property consisting of one (1) to four (4) units.

(c) A state certified general appraiser shall have no transaction value limits on the appraiser's appraisal practice.

(d) Nothing contained within the language of this section shall be construed to authorize a state licensed appraiser to appraise property that federal agencies require to be appraised by a state certified appraiser.

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Cite this article: FindLaw.com - Tennessee Code Title 62. Professions, Businesses and Trades § 62-39-302 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-62-professions-businesses-and-trades/tn-code-sect-62-39-302/

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