22 Tex. Admin. Code § 159.157 - Compensation of Appraisers

(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.

Notes

22 Tex. Admin. Code § 159.157

The provisions of this §159.157 adopted to be effective March 5, 2012, 37 TexReg 483; amended by Texas Register, Volume 39, Number 50, December 12, 2014, TexReg 9668, eff. 12/14/2014