 2017 Legislative Update from TALCB
Memorial Day was the last day of the 85th Legislative session. Several bills were filed this session relating to the agency and its license holders but not all of those bills made it through the process. Following is a summary of bills that passed both houses of the Legislature and have direct effect on license holders.
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From the Chair of the Board
The Board met on Friday May 5th for its regular quarterly meeting with 100% of members in attendance. We heard the news that the third Texas Residential Appraisal Fee Survey commissioned to be conducted by the Hobby Center at the University of Houston and reviewed by the Real Estate Research Center at Texas A&M University was completed and is posted to the Board’s website. The survey provides data that appraisers and AMCs can use to document a claim that a “customary and reasonable fee” was paid.
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Subject Matter Experts Needed For Texas ACE Course Development
TALCB will appoint a working group of subject matter experts and industry participants to participate in developing a new Appraiser Continuing Education Course focused on Texas requirements. Anyone interested in being considered should submit a letter of interest and resume to the Board’s General Counsel at general.counsel@talcb.texas.gov by June 30, 2017.
License Count Total Announced
TALCB has published the most recent available numbers of licenses and complaints. These numbers will be updated each month, so check back for the most recent totals.
Appraiser and AMC Fee Survey Results Announced
TALCB has published 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.
Voluntary Review of Appraisal Work Product for Trainees
The typical path to becoming a licensed appraiser in Texas is to first become an appraiser trainee supervised by a certified appraiser in Texas. Like an apprentice learning a skilled trade, trainees work under the direction of their supervisory appraiser while gaining experience in the appraisal profession. When those skills are mastered and the trainee is ready to apply for a license, the appraiser trainee must demonstrate competency three ways: completing required education, passing a comprehensive examination, and submitting sample appraisal reports/work files from their experience log for evaluation by TALCB staff for compliance with the Uniform Standards of Professional Appraisal Practice (“USPAP”). Until recently, the appraiser trainee had to complete all of the required experience hours and submit a license application before having their work reviewed by the TALCB.
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