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.
News and Articles
From the Chair of the Board
2018-19 USPAP Revisions: What has Changed? Part One
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.
Fee Survey Announced for Appraisers and AMCs
TALCB has commissioned a survey of appraisers and AMCs in Texas to document fees paid for appraisal reports in 2016.
Fingerprints Now Required for Appraisers
Applicants must submit fingerprints to apply for or renew a license.
When Talking About "Value", Choose Your Words Carefully
“What do you think this property is worth?” All of us who are in the real estate profession have been asked this question hundreds of times. You try to answer it for a customer or client each time you do a Comparative Market Analysis (CMA) or a Broker Price Opinion (BPO). As a license holder, you are allowed to perform this task in the name of the broker as a distinct service and for a separate fee.
Want to Avoid 12 Common USPAP Violations? Read this!
The Uniform Standards of Professional Appraisal Practice (USPAP) are the quality control standards applicable for real property and business valuation appraisals. What you may not know are the most common USPAP violations. This list below includes the most frequently encountered violations by TALCB's staff appraiser-investigations when investigating complaints filed with the Board.