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Senate Bill 381 |
Senate Author: Staples |
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Effective: 9-1-05 |
House Sponsor: Geren |
Senate Bill 381 amends provisions of the Occupations Code relating to the regulation of real estate appraisers. The bill includes appraiser trainees in provisions relating to the certification, licensing, and continuing education requirements for an appraiser and allows an authorized supervisor to oversee an appraisal conducted by an appraiser trainee. It removes a requirement that rules of the Texas Appraiser Licensing and Certification Board be no more stringent than applicable federal law and changes federal entities referenced in provisions that cite federal standards or guidelines applicable to appraisers. Requirements for specific numbers and types of hours of education and experience to obtain a license are replaced with requirements to comply with the numbers and types of hours specified in guidelines of the federal Appraisal Qualifications Board, and a holder of an appraiser license, certificate, or approval is required to comply with the most current edition of the Uniform Standards of Professional Appraisal Practice adopted by the Appraisal Standards Board or with standards set by the Texas Appraiser Licensing and Certification Board that are at least as stringent.
Senate Bill 381 requires an applicant for an appraiser license to pass the licensing examination within one year of application, after which a new application and fee must be submitted. The bill requires the application form and fee for a reciprocal certificate or license to be comparable to those for a Texas resident who applies for a similar certificate or license and increases from 60 days to six months the maximum amount of time an out-of-state appraiser may have an appraisal business in this state. The bill also prohibits the termination of a complaint alleging a violation by a holder of a certificate, license, or approval solely on the basis that the holder failed to renew the certificate, license, or approval.
The changes relating to requirements for issuing a license or certificate apply to applications filed with the state board on or after March 1, 2006.