(a) A person licensed or certified as an appraiser by another
state, commonwealth, or territory may register with the board so as to qualify
to appraise real property in this state without holding a license or certification
issued under the Act if:
(1) the state, commonwealth or territory licensing and certification
program under which the person holds a license or certification has not been
disapproved by the Appraisal Subcommittee; and
(2) the appraiser's business in this state is of a temporary
nature not to exceed 60 days.
(b) A person wishing to be registered under this subsection
must submit a completed application form prescribed by the board.
(c) A person registered under this subsection must submit an
irrevocable consent to service of process in this state on a form prescribed
by the board.
(d) An appraiser registered under this subsection may apply
for a 150 day extension to the original expiration date of the temporary non-resident
registration, provided the appraiser:
(1) is performing an appraisal in a federally related transaction;
(2) is continuing the same appraisal assignment listed on the
original Temporary Non-Resident Appraiser Registration application; and
(3) requests an extension on a form prescribed by the board,
received by the board, or postmarked prior to the expiration of the current
temporary non-resident registration; and
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Source Note: The provisions of this §153.25 adopted to be effective November 10, 1993, 18 TexReg 7542; amended to be effective September 1, 1995, 20 TexReg 6202; amended to be effective March 1, 1997, 22 TexReg 1717; amended to be effective January 1, 1998, 22 TexReg 12051; amended to be effective November 17, 1999, 24 TexReg 10090; amended to be effective April 1, 2001, 26 TexReg 2163 |