Tex. Occ. Code Section 1104.157
Compensation of Appraisers

(a)

An appraisal management company shall:

(1)

except in cases of breach of contract or substandard performance of services, pay an appraiser for the completion of an appraisal or valuation assignment not later than the 60th day after the date the appraiser provides the completed appraisal or valuation assignment to the company or its assignee; and

(2)

compensate appraisers at a rate that is reasonable and customary for appraisals being performed in the market area of the property being appraised consistent with the presumptions under federal law.

(b)

An appraiser who is aggrieved under this section may file a complaint with the board against the appraisal management company if the matter remains unresolved after the appraiser completes the company’s dispute resolution process under Section 1104.162 (Dispute Resolution).
Added by Acts 2011, 82nd Leg., R.S., Ch. 256 (H.B. 1146), Sec. 2, eff. September 1, 2011.

Source: Section 1104.157 — Compensation of Appraisers, https://statutes.­capitol.­texas.­gov/Docs/OC/htm/OC.­1104.­htm#1104.­157 (accessed Jun. 5, 2024).

1104.001
Short Title 1104.002
Purpose 1104.003
Definitions 1104.004
Exemptions 1104.051
Rules 1104.052
Fees 1104.101
Registration Required 1104.102
Eligibility for Registration 1104.103
Application for Registration or Renewal 1104.104
Designation of Primary Contact 1104.105
Denial of Registration or Renewal 1104.106
Issuance and Publication of Registration Number 1104.107
Expiration of Registration 1104.151
Employment of Certain Persons Prohibited 1104.152
Verification of Licensure or Certification 1104.153
Appraisal Review 1104.154
Competency of Appraisers 1104.155
Professional Standards 1104.156
Business Records 1104.157
Compensation of Appraisers 1104.158
Statement of Fees 1104.159
Disclosure of Registration Number 1104.160
Mandatory Reporting 1104.161
Removal of Appraiser from Appraisal Panel 1104.162
Dispute Resolution 1104.201
Disciplinary Powers of Board 1104.202
Administrative Penalty 1104.203
Prohibited Practices 1104.204
Complaint 1104.205
Review and Investigation 1104.206
General Subpoena Authority 1104.207
Report of Investigation Required 1104.208
Action Based on Report 1104.209
Notice of Violation and Penalty 1104.210
Penalty to Be Paid 1104.211
Temporary Suspension 1104.212
Notice of Hearing 1104.213
Applicability of Administrative Procedure Law 1104.214
Action After Hearing 1104.215
Decision by Board 1104.216
Motion for Rehearing 1104.217
Decision on Rehearing 1104.251
Injunction 1104.252
Civil Penalty for Engaging in Activity Without Required Registration 1104.253
Criminal Penalty for Engaging in Activity Without Required Registration 1104.2051
Investigative Committee 1104.2081
Agreed Order 1104.2082
Confidentiality of Investigation Material 1104.2121
Attorney General Representation 1104.2122
Immunity of Witnesses 1104.2131
Record of Proceedings 1104.2132
Failure to Appear
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1104.157’s source at texas​.gov