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  1. www.trec.texas.gov › rules-and-lawsRules and Laws - TREC

    Rules and Laws. Our license holders are governed by the The Real Estate License Act, the Inspector Act, and the Timeshare Act. These Acts establish the makeup of the Commission and its advisory committees and outline procedures by which a person can become real estate license holders in Texas.

  2. In a construction progress report for loan disbursement, the appraiser overstated the degree of completion or failed to identify problems with the construction. Example language: This construction progress report is for the use and benefit of the lender to assist in making loan disbursements.

  3. For estate planning, financial planning, or sale price decisions, individuals or a trusted advisor usually orders an appraisal. When an appraisal is used to obtain an opinion of value of a property for loan purposes, federal regulation requires the lender or its agent to place an appraisal order.

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  4. www.trec.texas.gov › sites › defaultTREC Advisor

    appraisal. A real estate license holder may not perform an appraisal of, or provide an opinion of value for, real property unless the license holder is licensed or certified (as an appraiser) under the Texas Occupations Code. Rule 535.17(a). A BPO or CMA differs from an appraisal and is not intended to serve the same purpose as an appraisal. A BPO

  5. Mar 7, 2022 · The Texas Real Estate Commission (TREC) Addendum Concerning Right to Terminate Due to Lender’s Appraisal is used to modify the base TREC contract regarding contract termination rights based upon the appraised value of the purchased property.

  6. www.talcb.texas.gov › agency-information › rules-andTALCB Rules | TALCB - Texas

    Work product submitted for review must fall within one of the approved categories of experience credit described in §153.15 of this title and meet the definition of real estate appraisal experience in §153.1 of this title.

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  8. Unless one is a real estate license holder, there is no required form for a residential real estate contract in Texas. The use of TREC promulgated forms is mandatory only for brokers and agents.

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