Tex. Occ. Code § 1103.405 · Subchapter I. PRACTICE BY CERTIFIED OR LICENSED APPRAISER
PROFESSIONAL STANDARDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Subsection (b), a person who holds a certificate, license, or registration issued under this chapter shall comply with:
(1) the most current edition of the Uniform Standards of Professional Appraisal Practice adopted by the Appraisal Standards Board of the Appraisal Foundation; or
(2) other standards provided by board rule that are at least as stringent as the Uniform Standards of Professional Appraisal Practice.
(b) A certified or licensed appraiser is not required to comply with the standards described by Subsection (a) to provide:
(1) an evaluation of real property described by Section 1103.004(4); or
(2) an analysis, assessment, opinion, conclusion, notation, or compilation of data concerning the value of an interest in real property described by Section 1103.004(5) for use by a non-bank financial institution.
(c) A document provided under Section 1103.004(4) or (5) must contain on the first page of the document the following notice: "This is not an appraisal performed in accordance with the Uniform Standards of Professional Appraisal Practice."
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 703 (S.B. 381), Sec. 20, eff. September 1, 2005.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 950 (S.B. 1007), Sec. 45, eff. January 1, 2016.
Acts 2021, 87th Leg., R.S., Ch. 700 (H.B. 2533), Sec. 3, eff. June 15, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.1103.htm
- Text hash
- sha256 a207ebf9992e2382382c57c1093a3ef5f1fce50889152b05d62766d321a5dbba
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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