Longtime Appraiser Investigator, Jim Jacobs, died on Saturday, July 4 after a fierce battle with cancer, He worked for TALCB since 2012 as an appraiser investigator. He was an appraiser for over 40 years and a familiar face at TALCB meetings and events for more than 20 years. TALCB Enforcement Director, Troy Beaulieu said, “his quirky sense of humor and commitment to our team’s mission will be missed.” TALCB Board and staff thank Jim for all he has contributed professionally and personally to the Board.
Standards and Enforcement Services (TALCB)
As part of the Board’s ongoing effort to reduce burdens on applicants, TALCB changed the experience audit process. TALCB will no longer automatically request a copy of work files at the start of the audit process. Appraisal reports will now be reviewed for general USPAP compliance and competency when they are submitted. If necessary, TALCB may request a copy of work files after the initial review to complete the audit.
Due to the Presidential Disaster Declaration issued on March 13, 2020, certain governmental entities (GSE’s) have issued guidance to assist financial institutions in providing necessary services to the public. On April 14, 2020, the GSE’s adopted an interim final rule to amend the agencies’ regulations regarding appraisals of real estate for certain transactions. The interim rule outlines existing flexibilities and temporary changes to industry appraisal standards and regulations.
What is the AMC National Registry?
The AMC National Registry (AMC Registry) is a national online database of appraisal management companies (AMCs) maintained by the Appraisal Subcommittee (ASC). Any AMC that meets the definition of an AMC under federal law is eligible for inclusion on the AMC Registry. The AMC Registry is also open to the public and may be used by clients and consumers to view certain information about an AMC.
This past year has brought many exciting, new changes and challenges to the Board’s Standards and Enforcement Services Division (TALCB SES). Below is a summary of what we have been working on.
What is the AMC National Registry?
The National Registry of AMCs (AMC Registry) is a national online database of appraisal management companies (AMCs) maintained by the Appraisal Subcommittee (ASC). Any AMC that meets the definition of an AMC under federal law is eligible for inclusion on the AMC Registry. The AMC Registry is also open to the public and may be used by clients and consumers to view certain information about an AMC.
TALCB has adopted new rules to create an ACE program including measures to ensure compliance. These rules are located in §153.40 and §153.41 of Board rules, which became effective on September 1, 2019.
How does this affect appraiser license holders?
License holders can ensure the courses they take for ACE credit are approved by referencing the list of approved ACE Courses available on the TALCB website.
The Survey Research Institute at the Hobby School of Public Affairs is conducting a study on behalf of the Texas Appraiser Licensing & Certification Board to learn more about the experiences of appraisers in the state of Texas.
Appraisers have been invited to take part in the survey by email on May 29. This survey asks questions about experiences in the field, the types of appraisals conducted, fees paid, and the factors that affect these fees.
In this article, we continue our discussion from Using Recognized Methods and Techniques - Part I published previously, as we explore the use of recognized methods and techniques to develop adjustments when using the sales comparison approach for a residential appraisal, answer a frequently asked question, and identify resources available to assist an appraiser.
The Texas Appraiser Licensing and Certification Board is soliciting applications for the Board’s mentor program. Presently, there is a particular need for mentors in the greater Houston metro area. The mentor program provides remedial, one-on-one training to appraisers on appraisal skills and USPAP obligations in conjunction with a complaint or experience audit. Information about this program, minimum criteria, and the application process may be reviewed on our website. If you are interested in ap