The amendments allow appraisal management companies (AMCs) to designate more than one controlling person. This change is consistent with Chapter 1104, Texas Occupations Code, and would expand the pool of candidates eligible to serve as a member of the AMC Advisory Committee under Chapter 1103, Texas Occupations Code.
Rules and Laws
Texas appraisers and appraisal management companies (AMC) are governed by the Texas Appraiser Licensing and Certification Act and the Texas Appraisal Management Company Registration and Regulation Act. These Acts establish the makeup of the Board and the AMC Advisory Committee, and outline procedures by which a person can become an appraiser in Texas or an AMC can become registered in Texas. The Acts also describe TALCB’s jurisdiction over license holders and registrants. TALCB has the authority to adopt administrative rules to provide specificity to certain areas of the Acts. TALCB may also adopt rules to establish policy regarding certain practices. Both the Acts and TALCB rules are a great resource for helping consumers know what to expect from the appraisal process.
The federal Appraisal Subcommittee (ASC) provides oversight of state appraiser regulatory programs. The ASC also provides a monitoring framework for The Appraisal Foundation. The Appraisal Foundation is a nonprofit organization established in 1989 to promote professionalism and ensure public trust in the valuation profession. The Appraisal Foundation accomplishes this mission by establishing standards and appraiser qualifications and providing guidance regarding valuation methods and techniques. The Appraisal Foundation includes two independent boards that contribute to its overall mission: the Appraiser Qualifications Board (AQB) establishes the minimum education, experience, and examination requirements for real property appraisers to obtain a state license or certification, and the Appraisal Standards Board (ASB) develops, interprets, and amends the Uniform Standards of Professional Appraisal Practice (USPAP), which are the generally accepted standards of the appraisal profession.
TALCB Rules
The tables below show all of our most recent proposed and emergency adopted rules. For the complete version of our current rules go to the TALCB Rules Page or to the Secretary of State's website.
Proposed Rules
Rule Number
Rule Name
Primary Contact, Appraiser Contact, Contact Information
Date of Action
11/16/2018
Earliest Possible Date of Adoption
02/08/2019
Computation of Time; Mailbox Rule
Date of Action
11/16/2018
Earliest Possible Date of Adoption
02/08/2019
The amendments provide additional guidance to applicants, license holders, and members of the public and clarify the requirements for computing time under the TALCB Rules.
Adopted Rules
Rule Number
Rule Name
Appraisal Management Company Advisory Committee
Date of Action
08/17/2018
Earliest Possible Date of Adoption
11/16/2018
Effective Date
12/09/2018
The amendments align the rule with Texas Occupations Code §1103.159; clarify that a quorum of the AMC Advisory Committee is three members; and renew the AMC Advisory Committee through September 1, 2022, to coincide with the agency’s next quadrennial rule review.
Periodic Review of Appraisals
Date of Action
08/17/2018
Earliest Possible Date of Adoption
11/16/2018
Effective Date
12/09/2018
The amendments reduce the percentage of required periodic reviews from five to two percent of reviews performed by an AMC in a twelve-month period; conform the rule to changes to USPAP adopted by the ASB; and align the required scope of work to perform a periodic review to the requirements for performing an appraisal review in USPAP.
Renewal
Date of Action
08/17/2018
Earliest Possible Date of Adoption
11/16/2018
Effective Date
12/09/2018
The amendments align the rule with other TALCB rules and processes for license or registration renewals.
Denial of Registration or Renewal of Registration
Date of Action
08/17/2018
Earliest Possible Date of Adoption
11/16/2018
Effective Date
12/09/2018
The amendments align the rule with other TALCB rules and processes for license or registration renewals.
Fees
Date of Action
08/17/2018
Earliest Possible Date of Adoption
11/16/2018
Effective Date
12/16/2018
The amendments create fees to review and approve continuing education providers and courses.
ACE Providers: Compliance and Enforcement
Date of Action
08/17/2018
Earliest Possible Date of Adoption
11/16/2018
Effective Date
12/16/2018
This new rule outlines compliance and enforcement for approved continuing education providers beginning September 1, 2019.
Approval of Continuing Education Providers and Courses
Date of Action
08/17/2018
Earliest Possible Date of Adoption
11/16/2018
Effective Date
12/16/2018
This new rule allows TALCB to approve continuing education providers and courses beginning September 1, 2019.
Appraiser Continuing Education (ACE)
Date of Action
08/17/2018
Earliest Possible Date of Adoption
11/16/2018
Effective Date
12/16/2018
The amendments simplify education requirements for renewal and clarify that continuing education providers must ensure that students enrolled in a 7-hour USPAP Update course have access to an electronic or paper copy of the current version of USPAP.