- (a) A registrant shall compensate the appraisers on the panel based on a compensation policy, established by the registrant, that provides for customary and reasonable fees by taking into consideration the requirements of and any presumptions available under federal law.
- (b) A registrant shall reassess its compensation policy at least annually and shall retain, for a period of five years, records of all compensation information that formed the basis for the policy.
- (c) A registrant shall make available to each appraiser on its panel any fee schedule adopted under its compensation policy.
- (d) A registrant shall not require an appraiser to sign a certification that a fee is customary and reasonable.
Source Note:The provisions of this §159.157 adopted to be effective March 5, 2012, 37 TexReg 483.