|
(a)Certified General Real Estate Appraisers: (1)may appraise of all types of real property without regard to transaction value or complexity; and (2)are bound by the Competency Rule and all other provisions of the Uniform Standards of Professional Appraisal Practice (USPAP) in effect at the time of the appraisal. (b)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; (4)may associate with a state certified general real estate appraiser, who shall sign the appraisal report, to appraise non-residential properties; and (5)are bound by the Competency Rule and all other provisions of the USPAP in effect at the time of the appraisal. (c)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 $250,000; (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; (4)may associate with a state certified general real estate appraiser, who shall sign the appraisal report, to appraise non-residential properties; and (5)are bound by the Competency Rule and all other provisions of the USPAP in effect at the time of the appraisal. (d)Provisional Licensed Real Estate Appraisers: (1)may appraise the same types of properties as a State Licensed Real Estate Appraiser; and (2)are bound by the Competency Rule and all other provisions of the USPAP in effect at the time of the appraisal. (e)Appraiser Trainees: (1)may appraise those properties, under the active, personal and diligent supervision of their sponsoring certified appraiser, which the supervising certified appraiser sponsor is permitted to appraise; (2)may perform appraisal or appraiser services under the active, personal and diligent supervision of an authorized supervisor as detailed in §153.21 of this title (relating to Appraiser Trainees and Sponsors); and (3)shall be subject to the USPAP in effect at the time of the appraisal.
This agency hereby certifies that the adoption has
been reviewed by legal counsel and found to be a valid exercise of
the agency's legal authority.
Filed with the Office
of the
Secretary of State on August 8, 2007
TRD-200703443 Troy Beaulieu
Attorney
Texas Appraiser Licensing and Certification Board
Effective date: August 28, 2007
Proposal publication date: March 30, 2007
For further information, please call: (512) 465-3959
|
