2018 Tennessee Code
Title 62 - Professions, Businesses and Trades
Chapter 39 - State Licensing and Certified Real Estate Appraisers Law
Part 3 - Licensing, Certification and Examination
§ 62-39-302. Authorization to appraise certain types of real estate -- Licensed appraiser -- Certified residential appraiser -- Certified general appraiser.
(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.
