Appraisal Audits When Becoming Licensed - Talcb

[juliekt]

When submitting your experience to become a licensed residential appraiser from a Trainee, will they audit reports? I know they do when becoming certified, but I wasn't sure if they did when becoming licensed.

Full disclosure - I'm not asking this to get around bad reports!

The plan was to go straight from a trainee to becoming certified. This summer (2018) I need to renew my trainee license, but with the new (proposed) changes taking effect in May, I now have enough experience to get licensed instead of renewing my trainee licensed if I wanted.

I'm leaning towards becoming licensed over renewing my trainee license for another 2 years, BUT if they're going to audit appraisals I want time to submit voluntary reports for them to review and for them to correct me on what I'm doing wrong. Since TALCB is soooooo backed up and slow lately, I'm worried I wouldn't hear back regarding my work review for a long time.

I'm worried about my workfile not being in-depth enough. Worst case scenario, I don't want to get in trouble with USPAP, so I want TALCB to give me direction on the report I send them to review.

 

[Tim The Enchanter]

I remember someone posting that they saved everything they looked at to the work file.
Do that, and be thorough in your research, I say. It's just bits and megabytes anyway. Does not take up space or cost much.

I cannot give ideas specific to Texas.

 

[juliekt]

Thanks! I’m definitely trying to be very thorough. Someone on here had good advice that I try to remember (can’t remember who it was). They said to act like someone was going to write a report with only what you give them in the workfile.

 

[jay trotta]

In days gone by, I don't think they required much; today would agree with Lee and when your researching data for a specific property I would keep all that you look at and decide is the more competitive in your file.
Bear in mind, they are looking at your work file for what they consider requirements.
Good Luck

 

[apprintx]

TALCB is VERY backed up. They are reviewing reports to a level which far exceeds what is required by USPAP. You may need to get a lawyer. I have heard numerous stories of it taking appraisers 8 mos to a year to get through the process in Texas. At some point Texas may face litigation for not living up to what they promise.

 

[JTip]

but with the new (proposed) changes taking effect in May,

This is on the NATIONAL level. Your (any) state can implement on or after that date OR keep the current standards.

Check with YOUR state board to see if/when they are changing.

 

[juliekt]

This is on the NATIONAL level. Your (any) state can implement on or after that date OR keep the current standards.

Check with YOUR state board to see if/when they are changing.

Yes, Texas is announcing tomorrow what they’re going to adopt. They’ve said in previous announcements that they anticipate following the national standard, but we’ll know for sure tomorrow.

 

[Basically Rectangular]

When submitting your experience to become a licensed residential appraiser from a Trainee, will they audit reports? I know they do when becoming certified, but I wasn't sure if they did when becoming licensed.

Full disclosure - I'm not asking this to get around bad reports!

The plan was to go straight from a trainee to becoming certified. This summer (2018) I need to renew my trainee license, but with the new (proposed) changes taking effect in May, I now have enough experience to get licensed instead of renewing my trainee licensed if I wanted.

I'm leaning towards becoming licensed over renewing my trainee license for another 2 years, BUT if they're going to audit appraisals I want time to submit voluntary reports for them to review and for them to correct me on what I'm doing wrong. Since TALCB is soooooo backed up and slow lately, I'm worried I wouldn't hear back regarding my work review for a long time.

I'm worried about my workfile not being in-depth enough. Worst case scenario, I don't want to get in trouble with USPAP, so I want TALCB to give me direction on the report I send them to review.

I'm not sure about Texas, but in VA the DPOR chooses random reports for you to submit, you don't get to cherry pick your best reports... however they don't review them in the fashion that AMC's do, quite the contrary. In fact they say that they are specifically looking for USPAP compliance. In my case it was 5 reports, they wanted them printed out and hard copy mailed. Yes that is correct hard copy. At an average of 38 pages per report that's 190 pages. I received a letter less than two weeks after mailing them that I had been approved. It took longer for the fingerprints and background check. Just make sure that your log dates and property type/value match what is in the reports.

 

[JTip]

Yes, Texas is announcing tomorrow what they’re going to adopt. They’ve said in previous announcements that they anticipate following the national standard, but we’ll know for sure tomorrow.

Please keep us updated with the results and post a link if you can. Thanks.