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.
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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
AUSTIN, TX – The Texas Appraiser Licensing and Certification Board (TALCB) is accepting applications to become an approved Mentor for TALCB. Volunteering to become a Mentor is a way for an experienced appraiser to serve the public interest and contribute to the appraisal profession by working one-on-one with appraisers required to complete remedial training and education. Mentors agree to serve for a two-year period and are a key component of the agency's process to ensure appraiser competence.
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.
Many of you know that the Texas Real Estate Commission (TREC) and the Texas Appraiser Licensing and Certification Board (TALCB) is currently undergoing a review by the staff of the Sunset Advisory Commission. But what is a Sunset review and why is it necessary?
In the mid-1970s, many states, including Texas, established Sunset laws as a method to introduce an additional level of accountability for state agencies. Here’s a breakdown of how the process works in Texas:
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.
The Texas Appraiser Licensing and Certification Board takes pride in providing high quality education and licensing services, and effective consumer protection across Texas. In recent months, there have been significant issues with the quality of customer service we are providing to consumers and to our license holders. I take personal responsibility for addressing these issues. I want you to know that I – along with the entire Texas Licencing and Certification Board staff – recognize your frustrations, and we are committed to solving these issues.
Have you submitted documents for review? Every Monday we will post the received date of the documents that we are currently processing.