H.B. No. 3250 aims to enhance the regulation of real estate appraisers and appraisal management companies in Texas by introducing a stipend program for appraiser trainees and certified appraisers who serve as supervisors. The new Section 1103.164 allows the board to establish this program to promote professional needs, increase the number of qualified appraisers, and improve the business environment in the state. The stipends will be funded through gifts, grants, and donations, and the board is tasked with considering financial need when awarding these stipends.

Additionally, the bill amends several existing sections of the Occupations Code to update requirements for appraisers and appraisal management companies. Notable changes include the requirement for appraisers to notify the board of any changes to their contact information, stricter employment restrictions for appraisal management companies regarding individuals with revoked licenses, and the remittance of administrative penalties to the general revenue fund instead of a restricted fund. The bill also clarifies the roles of the board and the executive director in investigating complaints and delegating authority. The act is set to take effect on September 1, 2025, unless it receives a two-thirds vote for immediate effect.

Statutes affected:
Introduced: Occupations Code 1103.203, Occupations Code 1104.104, Occupations Code 1104.151, Occupations Code 1104.202, Occupations Code 1104.205, Occupations Code 1104.208, Occupations Code 1104.2081 (Occupations Code 1104, Occupations Code 1103)
House Committee Report: Occupations Code 1103.203, Occupations Code 1104.104, Occupations Code 1104.151, Occupations Code 1104.202, Occupations Code 1104.205, Occupations Code 1104.208, Occupations Code 1104.2081 (Occupations Code 1104, Occupations Code 1103)
Engrossed: Occupations Code 1103.203, Occupations Code 1104.104, Occupations Code 1104.151, Occupations Code 1104.202, Occupations Code 1104.205, Occupations Code 1104.208, Occupations Code 1104.2081 (Occupations Code 1104, Occupations Code 1103)
Senate Committee Report: Occupations Code 1103.403, Occupations Code 1104.104, Occupations Code 1104.151, Occupations Code 1104.202, Occupations Code 1104.205, Occupations Code 1104.208, Occupations Code 1104.2081 (Occupations Code 1104, Occupations Code 1103)
Enrolled: Occupations Code 1103.403, Occupations Code 1104.104, Occupations Code 1104.151, Occupations Code 1104.202, Occupations Code 1104.205, Occupations Code 1104.208, Occupations Code 1104.2081 (Occupations Code 1104, Occupations Code 1103)