(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 [Provision ] 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 [that is utilized for one-to-four family purposes or] for which the highest and best use is for one-to-four family purposes; (3)may not appraise subdivisions [for which a development analysis/appraisal is necessary]; [(4)may appraise other properties as permitted by the Federal Financial Institutions Regulatory Agencies; and] (4)may associate with a general certified real estate appraiser, who shall sign the appraisal report, to appraise non-residential properties; and (5)are bound by the Competency Rule [Provision ] 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 [that is utilized for one-to-four family purposes or] for which the highest and best use is for one to four family purposes; (3)may not appraise subdivisions [for which a development analysis/appraisal is necessary]; [(4)may appraise other properties as permitted by the Federal Financial Institutions Regulatory Agencies; and] (4)may associate with a general certified real estate appraiser, who shall sign the appraisal report, to appraise non-residential properties; and (5)are bound by the Competency Rule [Provision ] 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 [Provision ] 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; and (2)shall be subject to the USPAP in effect at the time of the appraisal. [(f)The scope of practice identified in subsections (a)-(e) of this section represents the consensus of the Appraiser Qualifications Board of the Appraisal Foundation. The Federal Financial Institutions Regulatory Agencies, as well as other agencies and regulatory bodies may permit licensed and certified appraisers to appraise properties other than those identified. Individuals should refer to federal agency regulations to determine the type of property that may be appraised.]
This agency hereby certifies that the proposal has been
reviewed by legal counsel and found to
be within the agency's legal authority
to adopt.
Filed with the Office of
the Secretary of State, on December 11, 2000
TRD-200008616 Renil C. Linér
Commissioner
Texas Appraiser Licensing and Certification Board
Earliest possible date of adoption: January 21, 2001
For further information, please call: (512) 465-3950
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