Sec. 1104.158. STATEMENT OF FEES. (a) In reporting to a client, an appraisal management company shall separately state the fees:
(1) paid to an appraiser for the completion of an appraisal; and
(2) charged by the company for appraisal management services.
(b) An appraisal management company may not:
(1) prohibit an appraiser from recording in the body of the report that is submitted by the appraiser to the company the fee that the appraiser was paid by the company for completing the appraisal; or
(2) include any fees for appraisal management services performed by the company in the amount the company reports as charges for the actual completion of an appraisal by an appraiser.
Added by Acts 2011, 82nd Leg., R.S., Ch. 256 (H.B. 1146), Sec. 2, eff. September 1, 2011.
Structure Texas Statutes
Title 7 - Practices and Professions Related to Real Property and Housing
Subtitle A - Professions Related to Real Estate
Chapter 1104 - Appraisal Management Companies
Subchapter D. Practice by Appraisal Management Company
Section 1104.151. Employment of Certain Persons Prohibited
Section 1104.152. Verification of Licensure or Certification
Section 1104.153. Appraisal Review
Section 1104.154. Competency of Appraisers
Section 1104.155. Professional Standards
Section 1104.156. Business Records
Section 1104.157. Compensation of Appraisers
Section 1104.158. Statement of Fees
Section 1104.159. Disclosure of Registration Number
Section 1104.160. Mandatory Reporting