It is the intent of this chapter that real estate appraisals be performed in accordance with generally accepted appraisal standards; therefore, state licensed and/or certified real estate appraisers must comply with the Uniform Standards of Professional Appraisal Practice promulgated by the appraisal standards board of the appraisal foundation and any other duly established standards of the commission. The commission shall not establish any criteria for licensure that are more stringent than the criteria established by the federal appraiser qualification board.
Tenn. Code Ann. § 62-39-329
Appraisal standards
Known as the State Licensing and Certified Real Estate Appraisers Law
The act spans §§ 62-39-101 to 62-39-428 (74 sections).
Applied in 2 court decisions — leading case Webb Mtn, LLC v. Executive Realty Partnership, L.P. (In Re Webb Mtn, LLC) (2009)
Most recently applied in Webb Mtn, LLC v. Executive Realty Partnership, L.P. (In Re Webb Mtn, LLC) (November 2009)
Acts 1990, ch. 865, § 38; 1991, ch. 366, § 39.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.