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 virtually until December 31st, 2021.  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 the COVID-19 Pandemic, we made the difficult decision to cancel many of our classes scheduled in 2020.  

Our main priority remains the health and safety of our members and our community.  That being said, we hope to have the complete schedule for 2021 online here soon.  It is our hope that you will feel safe and supported as we venture back into the classroom to offer Qualifying Education starting in January of 2021 while adhering to social distancing guidelines, as well as requiring masks. 

Please check back here soon to see a list of upcoming classes.  The remainder of our class schedule for 2020 may be found below.

We want to offer our sincere thanks for choosing the TN Chapter of the Appraisal Institute for your educational needs.  We know that you have a lot of options out there, and we truly appreciate your support.

Sincerely,

Myra W. Pitts, Executive Director

TN Chapter of the Appraisal Institute

2020

The classes below are scheduled to be held as listed:

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

December 14th – Ignorance Isn’t Bliss: Understanding an Investigation by a State Appraiser Regulatory Board or Agency | Virtual (4hrs)

December 14th – Litigation Assignments for Residential Appraisers: Doing Expert Work on Atypical Cases | Virtual (4hrs)

2021

January 25-28th – General Appraiser Income Approach/Part 1 | Nashville (30 hrs)

 


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!

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.