Tennessee Code 62-39-415 – Biennial certification of system and process of verification of licensure of individual to whom appraisal management company is making assignments
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Terms Used In Tennessee Code 62-39-415
- 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 62-39-402
- Appraiser: means an individual who holds a license under part 1 of this chapter. See Tennessee Code 62-39-402
- Commission: means the real estate appraiser commission created by §. See Tennessee Code 62-39-402
Each appraisal management company seeking to be registered shall certify to the commission on a biennial basis on a form prescribed by the commission that the appraisal management company has a system in place to verify that an individual to whom the appraisal management company is making assignments for the completion of appraisals has not had a license or certification as an appraiser refused, denied, cancelled, revoked, or surrendered in lieu of a pending revocation on a regular basis.