(a)AMC--Appraisal management company.
(b)AMC Act--Chapter 1104, Texas Occupations Code,
Texas Appraisal Management Company Registration and Regulation Act.
(c)Administrative law judge--A judge employed by the
State Office of Administrative Hearings (SOAH).
(d)Advertising--A written or oral statement or communication
by or on behalf of an AMC that induces or attempts to induce a member
of the public to use the services of the AMC, including but not limited
to all publications, radio or television broadcasts, all electronic
media including email, text messages, social networking websites,
and the Internet, business stationery, business cards, signs and billboards.
(e)Applicant--A person seeking to become registered
or renew a registration under the AMC Act. [
|This term also
includes a person seeking to renew a registration under the AMC Act.]
(f)Appraisal firm--An entity that employs appraisers
on an exclusive basis and receives compensation for performing appraisals
and issuing appraisal reports in its own name.
(g)Appraiser contact--A person designated by an AMC
pursuant to §1104.103(b)(6) of the AMC Act to respond to and
communicate with appraisers on the AMC's appraisal panel regarding
(h)Board--The Texas Appraiser Licensing and Certification
(i)Commissioner--The Commissioner of the Board.
(j)Day--A calendar day unless clearly indicated otherwise.
(k)Federally Regulated Appraisal Management Company--an
appraisal management company as defined in §1104.003(b) of the
(l)License--The whole or a part of any Board permit,
certificate, approval, registration or similar form of permission
required by Chapter 1103 or 1104, Texas Occupations Code.
(m)License holder--A person licensed or registered
by the Board under the AMC Act.
(n)Party--The Board and each person named or admitted
as a party.
(o)Person--Any individual, partnership, corporation,
or legal entity.
(p)Primary contact--A person who meets the definition
of "controlling person" in §1104.003 of the AMC Act and is designated
by an AMC pursuant to §1104.104 of the AMC Act as the primary
contact for all communication between the Board and the AMC.
(q)Respondent--Any person subject to the jurisdiction
of the Board, registered or unregistered, against whom any complaint
has been made.
(r)SOAH--State Office of Administrative Hearings.
(s)USPAP--Uniform Standards of Professional Appraisal
The agency certifies that legal counsel has
reviewed the proposal and found it to be within the state agency's
legal authority to adopt.
with the Office
of the Secretary of State on August 19, 2022
Texas Appraiser Licensing and Certification Board
Earliest possible date of adoption: October 2, 2022
For further information, please call: (512) 936-3652