| (51) Residential property--Property that consists of
at least one but not more than four residential units.
(52) Respondent--Any person subject to the jurisdiction
of the Board, licensed or unlicensed, against whom any complaint has
been made.
(53) Supervisory Appraiser--A certified general or
residential appraiser who is designated as a supervisory appraiser,
as defined by the AQB, for an appraiser trainee. The supervisory appraiser
is responsible for providing active, personal and diligent supervision
and direction of the appraiser trainee.
(54) Trade Association--A nonprofit voluntary member
association or organization:
(A) whose membership consists primarily of persons
who are licensed as appraisers and pay membership dues to the association
or organization;
(B) that is governed by a board of directors elected
by the members; and
(C) that subscribes to a written code of professional
conduct or ethics.
(55) USPAP--Uniform Standards of Professional Appraisal
Practice adopted by the Appraisal Standards Board of the Appraisal
Foundation.
(56) Workfile--Documentation necessary to support an
appraiser's analysis, opinions, and conclusions, and in compliance
with the record keeping provisions of USPAP.
|
| Source Note: The provisions of this §153.1 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 September 1, 1995, 20 TexReg 6202; amended to be effective January 1, 1999, 23 TexReg 6443; amended to be effective November 17, 1999, 24 TexReg 10090; amended to be effective April 1, 2001, 26 TexReg 2163; amended to be effective January 1, 2003, 27 TexReg 11146; amended to be effective October 16, 2003, 28 TexReg 8942; amended to be effective January 1, 2006, 30 TexReg 8689; amended to beeffective June 6, 2006, 31 TexReg 4624; amended to be effective August 28, 2007, 32 TexReg 5368; amended to be effective September 20, 2010, 35 TexReg 8496; amended to be effective November 1, 2011, 36 TexReg 7316; amended to be effective June 8, 2014, 39 TexReg 4251; amended to be effective December 14, 2014, 39 TexReg 9667; amended to be effective September 7, 2015, 40 TexReg 5789; amended to be effective January 1, 2016, 40 TexReg 8890; amended to be effective September 15, 2018; 43 TexReg 5776; amended to be effective September 8, 2022, 47 TexReg 5336; amended to be effective December 3, 2023, 48 TexReg 6903 |
