Texas SB1735 amends the regulation of real estate appraisers and appraisal management companies, including establishing a stipend program for.

Texas SB1735 amends the Texas Occupations Code to enhance the regulation of real estate appraisers and appraisal management companies. The bill establishes a stipend program to provide financial support to appraiser trainees and certified appraisers who serve as supervisory appraisers, with stipends awarded based on financial need. It also modifies restrictions on employment and controlling persons, prohibiting appraisal management companies from knowingly employing or contracting with individuals whose appraiser licenses or certificates have been revoked or denied, unless certain conditions.

Texas SB1735 amends the regulation of real estate appraisers and appraisal management companies, including establishing a stipend program for.

Texas SB1735 amends the Texas Occupations Code to enhance the regulation of real estate appraisers and appraisal management companies. The bill establishes a stipend program to provide financial support to appraiser trainees and certified appraisers who serve as supervisory appraisers, with stipends awarded based on financial need. It also modifies restrictions on employment and controlling persons, prohibiting appraisal management companies from knowingly employing or contracting with individuals whose appraiser licenses or certificates have been revoked or denied, unless certain conditions.