Question

The law that created licensing and certification for appraisers in Texas is commonly referred to as _______.

1) Proposition 11
2) Dodd-Frank Wall Street Reform and Consumer Financial Protection Act
3) Texas Appraiser Licensing and Certification Act
4) Fair Housing Act of 1988

Answer 1

The law that created licensing and certification for appraisers in Texas is commonly referred to as the Texas Appraiser Licensing and Certification Act . The correct answer is 3) Texas Appraiser Licensing and Certification Act.

Step-by-step explanation:

The legislation commonly known as the Texas Appraiser Licensing and Certification Act (Option 3) is the foundational law in Texas that instituted licensing and certification procedures for appraisers.

This act delineates the criteria and benchmarks that individuals must meet to practice as appraisers within the state.

By setting forth comprehensive standards, the Texas Appraiser Licensing and Certification Act aims to ensure that appraisers in Texas adhere to established qualifications and practices, thereby maintaining a level of professionalism and competence in the field of real estate appraisal within the state.

Therefore, the correct answer is 3) Texas Appraiser Licensing and Certification Act.