Tennessee Code 62-39-330 – Employing or retaining an appraiser as disinterested third party or for specialized services
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 62-39-330
- Appraisal: A determination of property value.
- Appraisal: means the act or process of developing an opinion of value of identified real estate. See Tennessee Code 62-39-102
- Real estate: means an identified parcel or tract of land, including improvements, if any. See Tennessee Code 62-39-102
- Real estate appraiser: means a person who engages in real estate appraisal activity for a fee or other valuable consideration. See Tennessee Code 62-39-102
- Specialized services: means those appraisal services that do not fall within the definition of appraisal assignment. See Tennessee Code 62-39-102
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
A client or employer may retain or employ a state licensed or certified real estate appraiser to act as a disinterested third party in rendering an unbiased estimate of value or analysis. A client or employer may also retain or employ a state licensed or certified real estate appraiser to provide specialized services to facilitate the client’s or employer’s objectives. In either case, the appraisal and the appraisal report must be prepared in compliance with this chapter.