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Tennessee Code Title 62. Professions, Businesses and Trades § 62-39-311

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

It is the intent of this chapter that any certification examination be consistent with and equivalent to the uniform state certification examination issued or endorsed by the appraisal qualifications board of the appraisal foundation, and the commission may adopt changes in the examination to meet these criteria. An original certification as a state certified real estate appraiser shall not be issued to any person who has not demonstrated through a written examination process that the person possesses the following:

(1) Appropriate knowledge of technical terms commonly used in or related to real estate appraising, appraisal report writing and economic concepts applicable to real estate;

(2) Understanding of the principles of land economics, real estate appraisal processes and of problems likely to be encountered in gathering, interpreting and processing of data in carrying out appraisal disciplines;

(3) Understanding of the standards for the development and communication of real estate appraisals as provided in this chapter;

(4) Knowledge of theories of depreciation, cost estimating, methods of capitalization and the mathematics of real estate appraisal that are appropriate for the classification of certificate applied for;

(5) Knowledge of other principles and procedures as may be appropriate for the respective classifications;

(6) Basic understanding of real estate law; and

(7) Understanding of the types of misconduct for which disciplinary proceedings may be initiated against a state certified real estate appraiser.

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Cite this article: FindLaw.com - Tennessee Code Title 62. Professions, Businesses and Trades § 62-39-311 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-62-professions-businesses-and-trades/tn-code-sect-62-39-311/

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