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.
Standards and Enforcement Services (TALCB)
What is the National Registry of AMCs?
The National Registry of AMCs (AMC Registry) is the national database of appraisal management companies (AMCs) maintained by the Appraisal Subcommittee (ASC). Any AMC that meets the federal definition of an AMC, or is a federally regulated AMC, must be included on the AMC Registry. State regulatory bodies are tasked with collecting the data and fees required for inclusion on the AMC Registry.
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
Clients and intended users of appraisal services are paying greater attention to whether appraisers employ and document the use of recognized methods and techniques (sometimes referred to as generally accepted appraisal methods). While this has long been a requirement of the Uniform Standards of Professional Appraisal Practice (USPAP), clients and other users of appraisal services have increasingly looked to the appraiser to support the analyses used when developing an opinion of value.
You may have heard that in 2018 the Board authorized supervisory appraisers to supervise more than three trainees at the same time, so long as certain requirements are met. Here are some helpful reminders about these requirements.
The Board Amends Rule 159.155 Regarding Periodic Review of Appraisals by AMCs
The Texas Appraiser Licensing and Certification Board (TALCB or Board) recently amended Rule 159.155(a)(2) to reduce from 5% to 2% the number of appraisal reports that need to be randomly reviewed each year by an AMC licensed to operate in Texas.
Last month, TALCB Appraiser/Investigator Marjorie Caldwell briefly described the experience audit process that all trainees must satisfactorily complete in order to become a licensed or certified appraiser in the State of Texas. Appraisers who want to upgrade from Licensed Residential Appraiser to Certified (Residential or General) Appraiser must also satisfactorily complete the audit process. The Appraiser Qualifications Board (AQB), state law (Texas Occupations Code 1103 (the Act) and the Texas Appraiser Licensing