SECTION 159.157. Compensation of Appraisers

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(a) A license holder must compensate the appraisers on the panel based on a compensation policy, established by the license holder, that provides for customary and reasonable fees by taking into consideration the requirements of and any presumptions available under federal law.
(b) A license holder must reassess its compensation policy at least annually and shall retain, for a period of five years, records of all compensation information that formed the basis for the policy.
(c) A license holder must make any fee schedule adopted under its compensation policy available to each appraiser on its panel.
(d) A license holder may not require an appraiser to sign a certification that a fee for an assignment is customary and reasonable.

Source Note: The provisions of this §159.157 adopted to be effective March 5, 2012, 37 TexReg 483; amended to be effective December 14, 2014, 39 TexReg 9668

                    
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