H.B. No. 3250 introduces new regulations for real estate appraisers and appraisal management companies in Texas, specifically by establishing a stipend program aimed at supporting appraiser trainees and certified appraisers who serve as supervisors. The bill allows the board to provide stipends to individuals completing certification requirements or seeking licensure, with the goal of promoting professional development, increasing the number of qualified appraisers, and enhancing the state's economic environment. The stipends will be funded through gifts, grants, and donations, and the board is tasked with creating rules to implement this program.

Additionally, the bill amends several sections of the Occupations Code to update requirements for appraisers and appraisal management companies. Key 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 handling complaints and investigations. The new provisions will take effect on September 1, 2025, unless the bill 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)