| (a) License holders are bound by the USPAP edition
in effect at the time of the appraisal.
(b) Certified General Real Estate Appraisers may appraise
all types of real property without regard to transaction value or
complexity.
(c) Certified Residential Real Estate Appraisers:
(1) may appraise one-to-four residential units without
regard to transaction value or complexity;
(2) may appraise vacant or unimproved land for which
the highest and best use is for one-to-four family purposes;
(3) may not appraise subdivisions; and
(4) may associate with a state certified general real
estate appraiser, who shall sign the appraisal report, to appraise
non-residential properties.
(d) State Licensed Real Estate Appraisers:
(1) may appraise non-complex one-to-four residential
units having a transaction value less than $1 million and complex
one-to-four residential units having a transaction value less than
$400,000;
(2) may appraise vacant or unimproved land for which
the highest and best use is for one-to-four unit residential purposes;
(3) may not appraise subdivisions; and
(4) may associate with a state certified general real
estate appraiser, who shall sign the appraisal report, to appraise
non-residential properties.
(e) Appraiser Trainees may appraise those properties,
under the active, personal and diligent supervision of their sponsoring
appraiser, which the sponsoring appraiser is permitted to appraise.
(f) If an appraiser or appraiser trainee is a person
with a disability (as defined in the Americans with Disabilities Act
or regulations promulgated thereunder), an unlicensed assistant may
perform certain services normally requiring a license for or on behalf
of the appraiser or appraiser trainee, provided that:
(1) the services performed by the assistant do not
include appraisal analysis;
(2) the assistant only provides such services as would
constitute a reasonable accommodation;
(3) the assistant is under the direct control of the
appraiser or appraiser trainee;
(4) the appraiser or appraiser trainee is as close
in physical proximity as is practical to the activity;
(5) the assistant is not represented as being or having
the authority to act as an appraiser or appraiser trainee; and
(6) if the assistant provides significant assistance,
the appraisal report includes the name of the assistant.
|
| Source Note: The provisions of this §153.8 adopted to be effective January 1, 1999, 23 TexReg 6443; amended to be effective April 1, 2001, 26 TexReg 2163; amended to be effective August 28, 2007, 32 TexReg 5368; amended to be effective September 20, 2010, 35 TexReg 8496; amended to be effective September 7, 2014, 39 TexReg 6857; amended to be effective September 15, 2018; 43 TexReg 5776; amended to be effective September 12, 2021, 46 TexReg 5549; amended to be effective September 8, 2022, 47 TexReg 5336 |
