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(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; and (2)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 February 26, 2001
TRD-200101160 Renil C. Linér
Commissioner
Texas Appraiser
Licensing and Certification Board
Effective date: April 1, 2001
Proposal publication date: December 22, 2000
For further information, please call: (512) 465-3950
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