If, in the
determination of the Commission, a state or territory of the United States is
deemed to have established meaningful requirements for the licensure and
certification of real estate appraisers and is in compliance with the Appraisal
Subcommittee, then the Commission shall grant reciprocal rights to real estate
appraiser licensees and certificate holders who are in "good standing" in that
(a) For purposes of implementing the
reciprocity policy, states with an Appraisal Subcommittee finding of "Poor" do
not satisfy the "in compliance" provision for reciprocity.
A licensee or certificate holder who
resides in another state, is currently credentialed in another state, and is
active on the National Registry in another state must show:
(a) That the licensee or certificate holder
has successfully completed one (1) seven (7) hour National USPAP Update Course,
or its Appraisal Qualification Board-approved equivalent, within the past two
(2) calendar years; and
the licensee or certificate holder has met all continuing education
requirements in the other state within the past two calendar years.
(3) A licensee or certificate
holder who became licensed or certified through reciprocity and now resides in
Tennessee must comply with the continuing education requirements of this rule
regardless of how the license or certificate was obtained.
(4) If, in the determination of the
Commission, the requirements in paragraphs (1) and (2) have been met, then upon
receipt of a nonrefundable application fee of one hundred twenty-five dollars
($125.00), a license or certificate issuance fee of three hundred fifty dollars
($350.00) and a federal registry fee of eighty dollars ($80.00), the Commission
shall grant to an applicant a reciprocal license or certificate to appraise
real estate in the State of Tennessee.
(5) If a licensee or certificate holder's
out-of-state real estate appraiser license or certificate has been revoked,
suspended, denied renewal, or restricted, then the Commission may revoke,
suspend, refuse to renew, or restrict the licensee's or certificate holder's
State of Tennessee real estate appraiser license or certificate.
An applicant for licensure or
certification meeting the requirements of T.C.A. §
be issued a reciprocal license pursuant to T.C.A. §
and Tenn. Comp. R. &
, or §
upon compliance with
all terms therein, including application and payment of all fees required for
the issuance of such reciprocal license or certification.
Notwithstanding paragraphs (1) and (2),
no license or certification shall be issued pursuant to this Rule to any
(a) Whose current license or
certification as a real estate appraiser is from a state that is not "in
compliance" with Title XI (FIRREA) as determined by the Appraisal Subcommittee
established thereunder; or
does not hold a valid license or certification in "good standing".
Tenn. Comp. R. & Regs.
filed August 1, 1991; effective September 15, 1991. Amendment filed December
16, 1997; effective March 1, 1998. Amendment filed January 19, 2001; effective
April 5, 2001. Amendment filed December 13, 2004; effective February 26, 2005.
Emergency rule filed December 20, 2014; effective through June 28, 2015. The
emergency rule expired on June 29, 2015 and reverted back to its previous
status. Amendment filed July 20, 2015; effective
Authority: T.C.A. §§
62-39-333 as amended by Public
Acts, Chapter 366.