APPRAISER TRAINEE: 75 classroom approved qualifying appraisal modules which includes: 15-Hour National USPAP, 30-hour Basic Appraisal Principles and 30-hour Basic Appraisal Procedures (in no particular order). Both Supervisory Appraiser and Appraiser Trainee must complete the required Supervisory Appraiser one day class.
LICENSED APPRAISER: 150 hours of approved qualifying appraisal education modules plus 2-year associate degree or higher degree in any field, or 30 hours college semester hours "in lieu" of a degree, which is specific curriculum. Requires 1,000 experience hours with Supervisory Appraiser.
CERTIFIED RESIDENTIAL APPRAISER: 200 hours of approved qualifying appraisal education modules. Plus, a Bachelor degree or higher degree in any field OR
Associates Degree in a field of study related to Business Administration, Accounting, Finance, economics or Real Estate OR
Successful completion of a total of 30 semester houses of college-level courses in each of the following areas: English Composition (3 hours), Microeconomics (3 hours). Macroeconomics (3 hours), Finance (3 hours), Algebra, Geometry or higher math (3 hours), Statistics (3 hours), Business Law or Real Estate Law (3 hours), Computer Science (3 hours), Two elective courses in any of the previously mentioned topics or in Geography, Agricultural Economics, Business Management or Real Estate (3 hours each). Or successful completion of at least 30 hours of College Level Examination Program (CLEP) examinations that cover each of the topic areas above. Equivalency Table:
OR
Any Combination of the previously mentioned paths that includes all topics identified.
OR
No college-level education required if an appraiser who has previously held a Licensed Residential credential for 5 years AND has no record of any adverse, final and non-appealable action affecting the Licensed Residential appraiser’s legal eligibility to engage in appraisal practice within the five (5) years
Requires 1500 experience hours with Supervisory Appraiser.
CERTIFIED GENERAL: 300 hours of approved qualifying appraisal education modules. Plus, Bachelor degree or higher degree, in any field. Requires 3000 experience hours, which 1500 of those hours must be in appraising something other than residential property with Supervisory Appraiser.
CONTINUING EDUCATION: The State of Tennessee requires 28 classroom hours every 2-year renewal cycle. IMPORTANT: 7-hour USPAP Update is required every 2 years as part of the 28 classroom CE hours. Certified or Licensed Appraisers cannot take the 15-hour National USPAP in place of the 7-hour National USPAP Update.
LICENSE RENEWAL: Proof of completion of the 28 hours of continuing education, prior to expiration date. 14 hours of the required 28 hours must be completed in the classroom courses.
TREES courses approved for real estate appraiser continuing education credit:
Basic Appraisal Principles
Basic Appraisal Procedures
Residential Sales Comp & Income Approach
Residential Site Valuation & Cost Approach
HP 12-C
15-hour National USPAP
7-hour National USPAP
** New AQB changes effective January 1, 2015 **