Property Valuation
Texas real estate appraisers are licensed by:
ATREC
BThe Texas Appraiser Licensing and Certification Board (TALCB), which operates under TREC's oversight✓ Correct
CThe Texas Department of Savings and Mortgage Lending
DNAR's appraisal division
Explanation
The Texas Appraiser Licensing and Certification Board (TALCB) licenses and certifies real estate appraisers in Texas. TALCB operates in conjunction with TREC but is a separate licensing board focused exclusively on the appraisal profession.
Related Texas Property Valuation Questions
- An appraiser valuing a Texas property uses three approaches and reconciles to a final value. The cost approach gives $310,000, the sales comparison approach gives $295,000, and the income approach gives $285,000 (it's a home that is sometimes rented). The appraiser should give the MOST weight to:
- In Texas, homestead exemptions reduce the taxable value of a primary residence. The standard homestead exemption for school district taxes (mandatory state minimum) is:
- An appraiser in Austin, Texas values a recently renovated historic bungalow in a gentrifying neighborhood. The key challenge is:
- In the Texas real estate market, a seller's market is characterized by:
- If a commercial property has a net operating income (NOI) of $90,000 and comparable properties are selling at a 6% capitalization rate, the estimated value is:
- In Texas, the income approach formula is:
- Paired sales analysis is an appraisal technique used to:
- An appraiser using the sales comparison approach must make adjustments for differences between the subject and comparable properties. The most reliable adjustment amount comes from:
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