(a) A person desiring to be an appraiser trainee under the
sponsorship of one or more state certified appraisers may apply to the board
on the application form prescribed by the board. A prospective trainee must
be a citizen of the United States or a lawfully admitted alien; be at least
18 years of age; be a legal resident of this state for at least 60 days immediately
before the filing of the application; and satisfy the board as to the prospective
trainee's honesty, trustworthiness, and integrity. Once a person is approved
as an appraiser trainee by the board, the person may perform appraisals or
appraiser services only under the active, personal and diligent direction
and supervision of a sponsoring certified appraiser unless one of the following
events occurs:
(1) the appraiser trainee approval expires due to nonpayment
of the annual renewal fee or the educational or experience requirements for
renewal have not been met;
(2) the sponsorship is terminated by either the sponsor or
the trainee, leaving the appraiser trainee without a sponsoring certified
appraiser; or
(3) the trainee's authority to act has been suspended or revoked
by the board.
(b) The sponsoring certified appraiser shall immediately notify
the board in writing of any termination of sponsorship of an appraiser trainee,
on a form prescribed by the board and pay a fee set by the board not later
than the 10th day after the date of such termination. The board will notify
the trainee that the sponsorship has been terminated.
(c) If an appraiser trainee's approval has expired or been
revoked by the board or the trainee is no longer under the sponsorship of
a certified appraiser, the appraiser trainee may not perform the duties of
an appraiser trainee until an application to sponsor the trainee has been
filed together with the appropriate fee and approved by the board.
(d) Certified appraisers who sponsor appraiser trainees or
who sign a report shall be responsible to the public and to the board for
the conduct of the appraiser trainee under the Act. After notice and hearing,
the board may reprimand a sponsoring appraiser or may suspend or revoke a
sponsoring appraiser's certification based on conduct by the appraiser trainee
constituting a violation of the Act or a rule of the board.
(e) A certified appraiser may be added as a sponsor during
the term of an appraiser trainee's authorization, by completing a form prescribed
by the board and paying a fee set by the board, and shall assume all the duties,
responsibilities, and obligations of an appraiser trainee sponsor as specified
in these rules.
(f) Both the sponsoring certified appraiser and the appraiser
trainee must reside in this state.
(g) An approved appraiser trainee must use the business address
of his or her sponsor.
(h) An approved appraiser trainee who signs an appraisal report
must include his or her TALCB approval or authorization number and the word
"Trainee."
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Source Note: The provisions of this §153.21 adopted to be effective March 2, 1992, 17 TexReg 1231; amended to be effective November 10, 1993, 18 TexReg 7542; amended to be effective July 21, 1994, 19 TexReg 5354; amended to be effective November 17, 1999, 24 TexReg 10090; amended to be effective April 1, 2001, 26 TexReg 2163 |