(a)For purposes of §1104.154 of the AMC Act and
this section, the term "assignment" means an appraisal assignment.
This term does not include an appraisal review assignment.
(b)In addition to verifying an appraiser's licensure
as required by §1104.152 of the AMC Act, an AMC must, at the
time of or before making an assignment to an appraiser, obtain a written
certification from the appraiser that the appraiser:
(1)is competent in the property type of the assignment;
(2)is competent in the geographical area of the assignment;
(3)has access to appropriate data sources for the
assignment;
(4)will immediately notify the AMC if the appraiser
later determines that he or she is not qualified under paragraph (1),
(2), or (3) of this subsection to complete the assignment; and
(5)is aware that misrepresentation of competency is
subject to the mandatory reporting requirement in §1104.160 of
the AMC Act.
(c)An AMC that has reviewed an appraiser's work must
consider the findings of the review in verifying competency for the
purpose of assigning future work.
(d)For the purposes of verifying that an appraiser
has not had a license denied in another jurisdiction, an AMC may rely
on information provided by the appraiser.
The agency certifies that legal counsel has reviewed
the adoption and found it to be a valid exercise of the agency's legal
authority.
Filed with the Office
of
the Secretary of State on November 20, 2017
TRD-201704742 Kristen Worman
General Counsel
Texas Appraiser Licensing and Certification Board
Effective date: December 10, 2017
Proposal publication date: September 1, 2017
For further information, please call: (512) 936-3652
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