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Appraisal Management Company (AMC) Law Updated

Governor Abbott Has Signed SB 1516

SB 1516 amends Chapter 1104 to address some recent changes in federal law regarding the regulation of AMCs, to provide consistency in terminology, and to repeal some outdated provisions. The bill also makes some conforming changes to align Chapter 1104 with the amendments made last session to Chapter 1103, the appraiser licensing act administered by the Board.

Appraisal Management Company Survey

The Texas Appraiser Licensing & Certification Board has engaged the Hobby School of Public Affairs at the University of Houston and the Real Estate Center at Texas A&M University to conduct a survey to learn more about the practices of appraisers and appraisal management companies (AMCs) that operate in the state of Texas, including on the topic of fees charged and paid for common appraisal reports.  We invite you to participate.