HB4097 - Tennessee: Professions And Occupations, Property, Real Estate Agents And Brokers

Companion Bill SB4141. Property - Redefines "appraisal" and "appraisal report" under the "State Licensing and Certified Real Estate Appraisers Law." - Amends TCA Section 62-39-102. Fiscal Summary for *HB4097 / SB4141Increase State Expenditures - Not Significant Bill Summary for *HB4097 / SB4141 Under present law, it is unlawful for anyone to solicit an appraisal assignment, or prepare an appraisal or an appraisal report relating to real estate or real property in this state, without first obtaining a real estate appraiser's license or certificate. Under present law, the following is an "appraisal" and therefore requires licensure or certification: a written or oral statement independently and impartially prepared by a state-licensed or state-certified appraiser setting forth an opinion as to the market value of an adequately described [...]

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