October has just concluded and November is here. This is always an exciting time with the World Series (How about those Astros!?), Halloween and Dia de Los Muertos, and the beginning of deer hunting season in Texas. October 31 also closes our State Employee Charitable Campaign month, with new highs reached each year for generosity by our team members.
The appraiser faces many new challenges appraising after a natural disaster. To avoid problems there are several steps an appraiser can take. Keep in close contact with your clients about any outstanding assignments. Notify them of any delays you are experiencing. Make your client aware of the new challenges facing your appraisal practice. Questions to ask your client: Will you need additional services such as a re-inspection or revising the effective date? Are you aware that typical sources of data may no longer be available? Don’t assume everyone is aware of the problems you now face.
You may have heard through the grapevine or read somewhere online about the TALCB SES staff offering to resolve a complaint case through a contingent dismissal or "CD". Hopefully, this article will give you a better understanding what that means.
Governor Abbott Has Signed SB 526
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changes in federal law regarding the regulation of AMCs, to provide consistency in terminology, and to repeal some outdated provisions.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.
Texas Appraisers Licensure exams are now conveniently available at over 200 Pearson VUE test centers as well as on military installations across the globe for service members, spouses, dependents, and contractors with authorized base access.
Members of the military community who want to gain Texas Appraisers Licensure from their assigned base either stateside or overseas may now have the option to take their exams without having to return to Texas to test. This is a benefit to those who are frequently relocated or are transitioning to civilian careers.
TALCB is pleased to announce the results of the 2017 Appraiser and AMC Fee Survey. TALCB 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. A total of 1,038 appraisers and 59 appraisal management companies doing business in the state of Texas participated in the survey.
The Board met for its regular quarterly meeting on Thursday, February 9th to elect officers, appoint committees and mentors, propose and adopt rules, and consider disciplinary cases. It was a full agenda as usual and staff did a great job of preparing for the many business items we needed to attend to.
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.
TALCB has commissioned a survey of appraisers and AMCs in Texas to document fees paid for appraisal reports in 2016.