You may have heard commentary recently about the Texas Appraiser Licensing & Certification Board (TALCB)’s Standards and Enforcement Services (“SES”) Division, which may have raised some questions. First, we hosted a Facebook Live Event with our Director of Enforcement where we answered your questions:
In February 2017, the Appraisal Standards Board (ASB) of the Appraisal Foundation adopted revisions to the Uniform Standards of Professional Appraisal Practice (USPAP) for the 2018-19 edition. This process began with the issuance of a Discussion Draft in January 2016 and was followed by three exposure drafts of proposed revisions to USPAP. The changes adopted by the ASB at its meeting on February 3, 2017, will be incorporated in the 2018-19 edition of USPAP and associated guidance materials. These changes will become effective on January 01, 2018.