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.
Standards and Enforcement Services (TALCB)
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
The law requires TALCB to audit the work product of all applicants for an appraiser license in Texas. TALCB must verify that the experience claimed generally complies with the Uniform Standards of Professional Appraisal Practice (USPAP), the Rules (“Rules”) of the Texas Appraiser Licensing and Certification Board (TALCB), and the Texas Appraiser Licensing and Certification Act (“Act”) as of the date of the appraisal report.
The Texas Appraiser Licensing and Certification Board (TALCB) is pleased to announce an important victory for consumers in Texas. On November 5, 2018, former real estate appraiser trainee, James P. Edwards, Jr. pled guilty in Tarrant County District Court to felony charges of false statements to obtain property or credit.
The Appraisal Qualifications Board (AQB) adopted changes to the education and experience criteria for real property appraisers with an effective date of May 1, 2018, and the Texas Appraiser Licensing and Certification Board adopted rules to implement these changes in Texas to coincide with the AQB effective date. Under the new criteria, no college-level education is required to obtain a Licensed Residential appraiser credential.
At its meeting on February 9, the Board approved for adoption an amendment to rule 153.21 that, once implemented, will allow an experienced Supervisory Appraiser to supervise up to five Appraiser Trainees at one time under certain conditions. Current rules allow a qualified Supervisory Appraiser to supervise up to three Appraiser Trainees at one time.
TALCB Is Offering a 2-Hour Enforcement Update Course
Want to get the latest information right from the source? TALCB is now offering a 2-hour ACE course. Topics covered are:
- Who Are We And What Do We Do?
- Enforcement 101: Basic Processes For Complaints, Audits, and Backgrounds
- Case Statistics and Enforcement Related Data
- Recent Enforcement Issues and Trends
- Enforcement Staff Available to Answer All Your Questions
The most recent available numbers of licenses and complaints. These numbers will be updated each month, so check back for the most recent totals.