Tennessee Appraiser Commission Adjusts Fees and Inspections for Trainee Appraisers

In a recent meeting of the Tennessee Joint Committee on Government Operations, significant changes to the rules governing trainee appraisers were discussed, aimed at enhancing flexibility and reducing fees associated with licensing. The proposed rules allow trainee appraisers to conduct property inspections independently before reaching the 500-hour experience requirement, provided they notify the board of their competency alongside their supervising appraiser.

Additionally, the committee announced the elimination of the commission's license upgrade and temporary authorization fees. The reciprocal license fee, which previously exceeded the initial application fee by $25, will now match the initial fee, streamlining the process for out-of-state applicants seeking licensure in Tennessee.

During the meeting, committee members expressed concerns about ensuring that local residents benefit from these changes. Representative McKenzie emphasized the importance of prioritizing Tennessee residents over those practicing in multiple states, suggesting a tiered fee structure to better support local appraisers.

The discussion also touched on the future of the appraisal industry in light of advancing technology. Glenn Koffchick, executive director of the Tennessee Real Estate Appraiser Commission, noted that while the market is fluctuating, there have not been any significant declines in the number of licensed appraisers, indicating a stable outlook for the profession.

The committee's decisions reflect a broader effort to adapt to the evolving landscape of real estate appraisal while considering the needs of local practitioners. As these changes move forward, the implications for both trainee appraisers and the overall market will be closely monitored.