It was a room full of professionals with loads of knowledge that eager attendees were ready to pull from. This “How to Become a Real Estate Appraiser Workshop” was hosted in Houston by the Appraiser Diversity Initiative (ADI) on August 24. The series of speakers included Texas Appraiser Licensing & Certification (TALCB) Director Melissa Tran (left, pictured at podium).
There is more demand than supply. Hands-on experience is a requirement to become a real property appraiser, however the Texas Appraiser Licensing & Certification Board (TALCB) has fielded numerous calls from appraiser trainees expressing frustration over there not being enough resources for them to fulfill experience requirements.
The Texas Appraiser Licensing & Certification Board (TALCB) understands that becoming a licensed appraiser can be difficult. Minimum federal requirements consist of hundreds of hours of education, thousands of hours of experience, and an exam; also, each state has a right to impose its own requirements. TALCB does not want to make it any harder on aspiring appraisers to get licensed, especially when the industry is facing an appraiser shortage and a lack of diversity.
The Texas Appraiser Licensing & Certification Board met on Friday May 19 at headquarters in Austin. TALCB Chair, Sarah Oates, opened the meeting by welcoming new Board Member John H. Eichelberger, III. Chair Oates also thanked outgoing Board Member Clayton Black for his service and acknowledged the reappointment of Board Member Rolando Castro.
“Texas is ahead of this issue especially with our partnership with the Texas Workforce Commission,” said TALCB Commissioner Chelsea Buchholtz as she presented to the Board highlights of agency operations.
The Texas Appraiser Licensing & Certification Board (TALCB) is receiving state tips from Fannie Mae on discriminatory language in appraisals. Both organizations are working to make appraisers aware of the issue.
Appraisers should exercise care to avoid comments in a report that may be perceived as biased or illegally discriminatory.
The Texas Appraiser Licensing & Certification Board (TALCB) is pleased to welcome John H. Eichelberger, III as a new member, and the reappointment of Rolando Castro. Both were confirmed by the Texas Senate on April 26, 2023. Texas Governor Greg Abbott appointed them with terms set to expire on January 31, 2029.
of Cypress, Texas is a director at Cushman & Wakefield, a real estate company. He is also an MAI-designated member of the Appraisal Institute.
Appraisal Management Companies registered with TALCB must complete AMC National Registry mandatory reporting and pay the registration fee by March 31, 2023. AMCs that do not timely comply will not be added to the national registry, resulting in ineligibility to perform services on federally related transactions. In addition, failure to timely comply will result in a late fee of $500 and may result in disciplinary action.
Fannie Mae and Freddie Mac have long allowed and encouraged the participation of trainees in the appraisal process, and lenders and secondary market participants are increasingly becoming more comfortable with appraisals performed by trainees, as research shows little difference in appraisal quality between real estate appraisers and trainees. (See Fannie Mae’s December 2021 Appraiser Update newsletter.)
The Texas Appraiser Licensing and Certification Board Meeting is Friday, December 2 at 9 a.m. CT in Austin. If you can't make it to the in-person meeting, you can watch the livestream. Download the meeting agenda and materials from the Meeting Details page.
A new partnership between the Texas Appraiser Licensing and Certification Board (TALCB) and the Texas Workforce Commission Civil Rights Division (TWC) benefits Texas consumers who may experience discrimination or bias in their home appraisal.