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Notice of Effective Date for New Rules TREAC, Real Estate Appraisers 07/15/2020

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Notice of Effective Date for New Rules for
Tennessee Real Estate Appraiser Commission

Pursuant to Tenn. Code Ann. § 4-3-1306(d), you are receiving this notice because you have elected to receive notification by e-mail of certain changes or potential changes to the law applicable to your profession.

The referenced rules were adopted for a rulemaking hearing at the January 14, 2019, meeting of the Tennessee Real Estate Appraiser Commission (“the Commission”) and were approved at a rulemaking hearing on October 21, 2019 during a regularly scheduled meeting of the Commission. The rules were filed with the Secretary of State on April 23, 2020 and have an effective date of July 22, 2020.

The rules allow applicants for state licensed, certified residential, and certified general real estate appraisers to complete certain qualifying education, specifically identified by the Commission via distance education. To accomplish this change, the rules remove the word “classroom” from the current rules as this has previously been interpreted by the Commission to exclude distance education. Additionally, rules impact continuing education for licensees. The rules allow for no more than one-half (1/2) of real estate appraiser license, certificate, and registered trainee’s required continued education credits to be taken via distance education. Lastly, the rules reduce the supervisory appraiser course from seven (7) hours to four (4) hours and allow this course to be taken via distance education.

A full copy of these rules can be viewed online at: https://publications.tnsosfiles.com/rules_filings/04-28-20.pdf 

If you have any questions or concerns about these proposed rules, please contact Anna Matlock, Associate General Counsel, at (615) 741-3072 or electronically at Anna.Matlock@tn.gov.

Dept. of Commerce & Insurance | 500 James Robertson Pkwy | Nashville, TN 37243-0565
(615) 741-2241
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