Governor Greg Abbott has appointed Raheela Ahsan of Dallas to the Texas Appraiser Licensing and Certification Board's (TALCB) Appraisal Management Companies Advisory Committee. The Committee advises TALCB and makes recommendations on matters relating to the regulation of appraisal management companies.
The Texas Appraiser Certification and Licensing Board Meeting was held Friday, February 3, at 9 a.m. in Austin. Download the meeting agenda and materials. A recording and recap of the meeting will be available at talcb.texas.gov.
Texas Appraiser Licensing and Certification Board Mentors are an essential component in ensuring appraiser competency. Mentors are licensed appraisers who have 10 or more years of experience, no disciplinary history, and are certified Uniform Standards of Professional Appraisal Practice (USPAP) instructors or approved instructors for other recognizable appraiser designations.
Appraisal Management Companies registered with TALCB must complete AMC National Registry mandatory reporting and pay the registration fee by March 31, 2023. AMCs that do not timely comply will not be added to the national registry, resulting in ineligibility to perform services on federally related transactions. In addition, failure to timely comply will result in a late fee of $500 and may result in disciplinary action.
The Texas Appraiser Licensing and Certification Board met December 2 and heard updates from staff, discussed the new partnership with the Texas Workforce Commission Civil Rights Division to each review consumer complaints that allege appraisal bias, and adopted and proposed changes to rules.
Fannie Mae and Freddie Mac have long allowed and encouraged the participation of trainees in the appraisal process, and lenders and secondary market participants are increasingly becoming more comfortable with appraisals performed by trainees, as research shows little difference in appraisal quality between real estate appraisers and trainees. (See Fannie Mae’s December 2021 Appraiser Update newsletter.)
A new partnership between the Texas Appraiser Licensing and Certification Board (TALCB) and the Texas Workforce Commission Civil Rights Division (TWC) benefits Texas consumers who may experience discrimination or bias in their home appraisal.
The Texas Appraiser Licensing and Certification Board met in early May and heard updates from staff, a presentation on Practical Applications of Real Estate Appraisal (PAREA), and proposed and adopted rules.
The Texas Appraiser Licensing & Certification Board met on Friday, February 25, 2022, and approved a slate of new volunteer appraisal reviewers, appointed its representative to the new Audit Committee, and discussed complaints made in bad faith.
The meeting opened with Board Member Paola Escalante-Castillo sharing why she volunteers her time and serves on the Board. Read more in her mission moment.
The Texas Appraiser Licensing and Certification Board opens each meeting with a “mission moment,” where Board members reflect on their Board service. At the February meeting, Paola Escalante-Castillo shared her motivation for joining the Board and her passion for the work.