The Chapter Welcomes You!

The Appraisal Institute is a global professional association of real estate appraisers, with nearly 20,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide.

Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS, and AI-RRS designations.

The TN Real Estate Appraiser Commission (TREAC) met on April 20th, 2020 and approved all continuing education (CE) to be taken either online or synchronously until further notice.  Please note: All qualifying education (QE) is still required to be taken in a classroom. 

You can read more about this rule change on the TN Real Estate Commission website here:

Due to concerns related to the ongoing COVID-19 pandemic, we made the difficult decision to cancel the following classes in 2020:

  • Quantitative Analysis |  March 30 – April 3rd, 2020 in Nashville
  • General Appraiser Market Analysis and Highest & Best Use – April 20-23, 2020 in Nashville 
  • General Report Writing & Case Studies, May 4-7th, 2020 in Nashville
  • Residential Market Analysis and Highest & Best Use on August 10-11, 2020 in Nashville
  • Residential Site Valuation & Cost Approach on August 12-13, 2020, in Nashville
  • General Appraiser Site Valuation & Cost Approach August 24-27, 2020 in Nashville
  • Artificial Intelligence, AVMs and Blockchains: Implications for Valuation on September 10, 2020 in Chattanooga 
  • Examining Property Rights & its Implications on Valuation on September 11, 2020 in Chattanooga
  • How Tenants Create and Destroy Value on October 15, 2020 in Knoxville 
  • Residential Sales Comparison and Income Approaches  September 14-17th, 2020 in Nashville 
  • General Appraiser Sales Comparison Approach September 21-24, 2020 in Nashville (30 hrs)
  •  Advanced Income Capitalization October 5-9, 2020 in Nashville 

We understand how important it is for you, as appraisers, to have access to these and other education opportunities. 

It is our hope that by taking these preventative steps now, it will help to mitigate the impact and spread of the Coronavirus in Tennessee and throughout our country.  We ask for your patience and understanding as we respond to the rapidly changing circumstances associated with this virus.

We will be issuing a full refund to each student for his/her registration for these and any future offerings that must be cancelled due to COVID-19.

Our main priority is the health and safety of our members and our community.  

2020

The classes below are scheduled to be held as listed:

September 1st – Business Practices & Ethics | Virtual Offering (6 hrs)

September 10th Q3 Chapter Meeting | Virtual Meeting (0 hrs)

October 23rd – Examining Property Rights and its Implications on Valuation | Virtual Offering (7 hrs)

November 5th – Desktop Appraisals (Bifurcated, Hybrid) & Evaluation | Virtual (7 hrs)

November 9-12th – General Appraiser Income Approach/Part 1 | Nashville (30 hrs)

December 11th – Ignorance Isn’t Bliss: Understanding an Investigation by a State Appraiser Regulatory Board or Agency | Knoxville (4hrs)

December 11th – Litigation Assignments for Residential Appraisers: Doing Expert Work on Atypical Cases | Knoxville (4hrs)

 

 

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Online Education
: Learn at your own pace anytime, anywhere.

Top-notch Appraisal Institute courses and seminars come straight to your desktop with online education! Learn from any computer anywhere, whenever you have time. It’s easy, convenient and a great way to get the education you want. Check out the current course listing now!

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Click here to see an outline of the Reopening of Nashville in regards to the COVID-19 pandemic.

 

Important Info from Fannie Mae Regarding Inspections, Forms, Scope of Work, Certifications, etc

Fannie Mae has issued temporary guidance on appraisal requirements, including allowing desktop and exterior-only appraisals on many mortgage transactions, in Lender Letter LL-2020-04, Impact of COVID-19 on Appraisals, which will be updated as needed.
Page 4 of LL-2020-04 includes links to modified certifications and instructions for both Desktop Appraisals and Appraisals with Exterior-only Inspections.
Please review these documents and note instructions for appraisers to copy the text indicated in its entirety and paste into their reports. You can access the Lender Letter and other resources on the Appraisers Page.

New Guidance for VA Appraisals Effective as of 03/27/2020

The two documents linked below were published by the VA today and provide updates on valuation practices to be followed during COVID-19.

These include guidance on inspections, appraisal forms to be used, extraordinary assumptions, certifications, scope of work, etc.

These guidelines are effective immediately as of 03/27/2020.

TN Governor Lee Executive Order No. 22 – Appraisers Listed as an Essential Service

On March 30, 2020, Governor Bill Lee issued Executive Order No. 22,  which is an order directing Tennesseans to to stay home unless engaging in essential activities to limit their exposure to and spread of COVID-19.

Please note that appraisers are specifically listed as an essential service on Page 9 of this order under Item No. 12 – Financial Institutions and Insurance Entities.

Executive Order No. 22 is linked here for reference.