Tenn. Comp. R. & Regs. 1255-06-.02 - TEMPORARY PRACTICE PERMITS

(1) For purposes of this rule only, "assignment" shall mean one or more real estate appraisals and written appraisal reports which are covered by a contract to provide real estate appraisal services.

(2) A nonresident of this state who shows proof of such nonresident's proper licensure or certification in another state, territory or possession of the United States, or any country, may apply to the Commission for a temporary practice permit to perform a single assignment.

(3) An applicant for a temporary practice permit must submit an application to the Commission on a form approved by the Commission.

(4) An applicant for a temporary practice permit shall submit with the application a nonrefundable fee of one hundred fifty dollars ($150.00) for each assignment in this state. The applicant shall provide with the application a list of each specific parcel of real property included in the assignment. Such permit shall expire six (6) months after its issuance.

(5) Upon appropriate written request, the Commission may grant an extension of any temporary practice permit it has issued. In no event may a temporary practice permit be valid for more than one (1) year from the date of its issuance.

(6) An individual nonresident may obtain no more than six (6) temporary practice permits in a single calendar year.

(7) If a temporary practice permit holder's out-of-state license has been revoked, suspended, denied renewal or restricted, then the Commission may revoke, suspend, refuse to renew or restrict a permit holder's temporary practice permit.

Notes

Tenn. Comp. R. & Regs. 1255-06-.02

Original rule filed December 16, 1997; effective March 1, 1998. Amendment filed December 6, 2001; effective February 19, 2002. Amendment filed December 13, 2004; effective February 26, 2005.

Authority: T.C.A. §§ 62-39-203, 62-39-204, 62-39-322, 62-39-326, 62-39-333, 62-39-338, and Chapter 81, Public Acts of 2001.