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.
The Texas Appraiser Licensing and Certification Board met last month and appointed Board Member Mark McAnally as secretary with Martha Gayle Reid Lynch re-appointed as vice chair.
The Board approved a new process for appointing new TALCB Mentors yearly. TALCB Mentors work one on one with appraisers required to complete remedial education.
Governor Greg Abbott has appointed Raheela Ahsan of Dallas to the Texas Appraiser Licensing and Certification Board's (TALCB) Appraisal Management Companies Advisory Committee. The Committee advises TALCB and makes recommendations on matters relating to the regulation of appraisal management companies.
The Texas Appraiser Certification and Licensing Board Meeting was held Friday, February 3, at 9 a.m. in Austin. Download the meeting agenda and materials. A recording and recap of the meeting will be available at talcb.texas.gov.
Texas Appraiser Licensing and Certification Board Mentors are an essential component in ensuring appraiser competency. Mentors are licensed appraisers who have 10 or more years of experience, no disciplinary history, and are certified Uniform Standards of Professional Appraisal Practice (USPAP) instructors or approved instructors for other recognizable appraiser designations.
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.
The Texas Appraiser Licensing and Certification Board met December 2 and heard updates from staff, discussed the new partnership with the Texas Workforce Commission Civil Rights Division to each review consumer complaints that allege appraisal bias, and adopted and proposed changes to rules.
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.)
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