Texas Occupations Code 1103.002 – Purpose
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Terms Used In Texas Occupations Code 1103.002
- Appraisal: A determination of property value.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
The purpose of this chapter is to:
(1) conform state law relating to the regulation of real estate appraisers to the requirements adopted under Title XI, Financial Institutions Reform, Recovery, and Enforcement Act of 1989; and
(2) enforce standards for the appraisal of real property.