Current Edition of USPAP Effective Through 2023
On August 11, The Appraisal Foundation?s Appraisal Standards Board announced the current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) will be extended and effective through Dec. 31, 2023. The extension does not affect appraiser continuing education requirements. Future editions of USPAP will have only an effective date but no scheduled end date.
A New Way for Consumers to Find a License Holder?s Disciplinary History
It is now easier to find whether a license holder has a disciplinary history with the Texas Appraiser Licensing and Certification Board. The newly launched?Disciplinary Actions?button at the top of each license holder?s page will take you to their specific?Disciplinary Actions?page if a disciplinary history exists.
Supervisory Appraisers Have More Latitude for Training
During its August meeting, the Board adopted a rule change to Section 153.21, Appraiser Trainees and Supervisory Appraisers, to update the process for progress monitoring for trainees under the supervision of an appraiser with four to five trainees. Trainees of supervisory appraisers who fall into this category are no longer required to submit their work product for voluntary appraiser experience to TALCB for review. Instead, supervisors will submit a supervision plan for progress monitoring and to make progress reports available for inspection for a set time period. This rule change is effective September 8.
Supervisors may use the use TALCB?s Supervision Plan template, which will be available on talcb.texas.gov on September 8, or submit their own supervision plan.?
AMCs Have Easier Path to Relinquish Registration
Appraisal Management Companies (AMCs) can now relinquish their registration in Texas at any point if they are no longer conducting business in Texas. Use the new Appraisal Management Company (AMC) Request for Voluntary Relinquishment form (TALCB AMCVR-0) to request relinquishment to TALCB. Previously, AMCs could only allow their license to lapse.
Updates to the Volunteer Appraisal Review Process: Now Accepting Submissions
Committing to serve as a Volunteer Appraisal Reviewer is a way for experienced appraisers to serve the public interest and contribute to the appraisal profession. Volunteer Appraisal Reviewers assist TALCB in performing appraisal reviews for experience audits, work product review requests, or complaint investigations.
The Board approved changing the program to accept applications on a rolling basis to increase resources and support the health of the program. In addition, the Board delegated the authority to approve reviewers to the Executive Committee to further streamline the approval process. These changes are effective immediately. If you are interested in applying to serve as a Volunteer Appraisal Reviewer,?follow the instructions?and?submit your application.
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