Texas Administrative Code
Title 22 - EXAMINING BOARDS
Part 8 - TEXAS APPRAISER LICENSING AND CERTIFICATION BOARD
Chapter 159 - RULES RELATING TO THE PROVISIONS OF THE TEXAS APPRAISAL MANAGEMENT COMPANY REGISTRATION AND REGULATION ACT
Section 159.157 - Compensation of Appraisers

Universal Citation: 22 TX Admin Code ยง 159.157

Current through Reg. 49, No. 38; September 20, 2024

(a) A license holder must compensate the appraisers on the panel based on a compensation policy, established by the license holder, that provides for customary and reasonable fees by taking into consideration the requirements of and any presumptions available under federal law.

(b) A license holder must reassess its compensation policy at least annually and shall retain, for a period of five years, records of all compensation information that formed the basis for the policy.

(c) A license holder must make any fee schedule adopted under its compensation policy available to each appraiser on its panel.

(d) A license holder may not require an appraiser to sign a certification that a fee for an assignment is customary and reasonable.

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