SECTION 159.1. Definitions

(a) AMC--Appraisal management company.

(b) AMC Act--Chapter 1104, Texas Occupations Code, Texas Appraisal Management Company Registration and Regulation Act.

(c) Administrative law judge--A judge employed by the State Office of Administrative Hearings (SOAH).

(d) Advertising--A written or oral statement or communication by or on behalf of an AMC that induces or attempts to induce a member of the public to use the services of the AMC, including but not limited to all publications, radio or television broadcasts, all electronic media including email, text messages, social networking websites, and the Internet, business stationery, business cards, signs and billboards.

(e) Applicant--A person seeking to become registered or renew a registration under the AMC Act.

(f) Appraisal firm--An entity that employs appraisers on an exclusive basis and receives compensation for performing appraisals and issuing appraisal reports in its own name.

(g) Appraiser contact--A person designated by an AMC pursuant to §1104.103(b)(6) of the AMC Act to respond to and communicate with appraisers on the AMC's appraisal panel regarding appraisal assignments.

(h) Board--The Texas Appraiser Licensing and Certification Board.

(i) Executive Director--The Executive Director of the Board.

(j) Day--A calendar day unless clearly indicated otherwise.

(k) Federally Regulated Appraisal Management Company--An appraisal management company as defined in §1104.003(b) of the AMC Act.

(l) License--The whole or a part of any Board permit, certificate, approval, registration or similar form of permission required by Chapter 1103 or 1104, Texas Occupations Code.

(m) License holder--A person licensed or registered by the Board under the AMC Act.

(n) Party--The Board and each person named or admitted as a party.

(o) Person--Any individual, partnership, corporation, or legal entity.

(p) Primary contact--A person who meets the definition of "controlling person" in §1104.003 of the AMC Act and is designated by an AMC pursuant to §1104.104 of the AMC Act as the primary contact for all communication between the Board and the AMC.

(q) Respondent--Any person subject to the jurisdiction of the Board, registered or unregistered, against whom any complaint has been made.

(r) SOAH--State Office of Administrative Hearings.

(s) USPAP--Uniform Standards of Professional Appraisal Practice.

Source Note: The provisions of this §159.1 adopted to be effective November 3, 2011, 36 TexReg 7320; amended to be effective December 14, 2014, 39 TexReg 9668; amended to be effective December 10, 2017, 42 TexReg 6925; amended to be effective December 25, 2022, 47 TexReg 8272; amended to be effective December 3, 2023, 48 TexReg 6905