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 development, increase the number of qualified appraisers, and support economic growth in the state. The stipends will be awarded based on financial need and funded through gifts, grants, and donations. Additionally, the bill amends various sections of the Occupations Code to update requirements for appraisers and appraisal management companies, including changes to notification procedures for address updates and the qualifications for controlling persons within appraisal management companies.

The bill also modifies existing regulations regarding employment restrictions for appraisal management companies, ensuring that they do not employ individuals with a history of license revocation or suspension. It mandates that administrative penalties collected by the board be remitted to the general revenue fund rather than a restricted fund for educational programs. Other amendments include updates to the roles of the board and the executive director in handling complaints and investigations. 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 1103, Occupations Code 1104)
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 1103, Occupations Code 1104)
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 1103, Occupations Code 1104)
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 1103, Occupations Code 1104)
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 1103, Occupations Code 1104)