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Terms Used In Texas Occupations Code 1104.153

  • Appraisal: A determination of property value.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Rule: includes regulation. See Texas Government Code 311.005

A person who performs an appraisal review for an appraisal management company as required by § 1104.155 must be:
(1) licensed as an appraiser under Chapter 1103, unless exempt by board rule; and
(2) qualified to perform the appraisal being reviewed.