Property Valuation
In Texas, a TREC-licensed real estate appraiser would be licensed under which body?
ATREC directly
BTALCB (Texas Appraiser Licensing and Certification Board), which is administratively attached to TREC✓ Correct
CThe Texas Association of REALTORS
DThe Appraisal Foundation
Explanation
Real estate appraisers in Texas are licensed and certified by the Texas Appraiser Licensing and Certification Board (TALCB), which is a separate board administratively attached to TREC. TALCB issues trainee, licensed, certified residential, and certified general appraiser licenses/certifications.
Related Texas Property Valuation Questions
- In Texas ad valorem property taxation, 'ad valorem' means:
- In real estate, the principle of 'conformity' states that property value is maximized when:
- In the cost approach to value, the appraiser estimates the value of the land separately because:
- Under USPAP (Uniform Standards of Professional Appraisal Practice), an appraiser's 'scope of work' must be:
- Functional obsolescence in a property refers to:
- When a property's value is affected by 'assemblage,' this refers to:
- A Texas appraiser completes a desk review of an appraisal report. A desk review involves:
- In Texas ad valorem taxation, a property owner may receive a 'homestead exemption' that reduces their taxable value. For school district taxes, the standard homestead exemption is:
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