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TITLE 43TRANSPORTATION
PART 10TEXAS DEPARTMENT OF MOTOR VEHICLES
CHAPTER 215MOTOR VEHICLE DISTRIBUTION
SUBCHAPTER CFRANCHISED DEALERS, MANUFACTURERS, DISTRIBUTORS, AND CONVERTERS
RULE §215.117Market Value Property Appraisal
(a) An appraiser performing a market value property appraisal in accordance with Occupations Code, §2301.482(c) must be a Texas-certified real estate appraiser.

 (b) Necessary real estate and necessary construction are each determined by the applicable property use agreement.

 (c) The market value of property in accordance with Occupations Code, §2301.482(c), is the average of the market value property appraisals of the three certified real estate appraisers.
Source Note: The provisions of this §215.117 adopted to be effective January 6, 2013, 37 TexReg 10255; amended to be effective February 13, 2017, 42 TexReg 571; amended to be effective June 1, 2024, 49 TexReg 2704

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