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§ 16-302. License qualifications

West's Annotated Code of MarylandBusiness Occupations and ProfessionsEffective: October 1, 2023

West's Annotated Code of Maryland
Business Occupations and Professions
Title 16. Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors (Refs & Annos)
Subtitle 3. Licensing of Real Estate Appraisers (Refs & Annos)
Effective: October 1, 2023
MD Code, Business Occupations & Professions, § 16-302
§ 16-302. License qualifications
In general
(a) To qualify for a real estate appraisal license, an applicant shall be an individual who meets the requirements of this section.
Character and reputation
(b) An applicant shall be of good character and reputation.
Minimum age
(c) An applicant shall be at least 18 years old.
Education and experience
(d)(1) An applicant shall satisfy the minimum real estate appraiser qualifications for licensure established under the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989.1
(2) An applicant shall have completed:
(i) at least 1,000 hours providing real estate appraiser services as a real estate appraiser trainee under the supervision of a certified appraiser; or
(ii) the Real Property Appraiser Qualification Criteria of the Practical Applications of Real Estate Appraisal program adopted by the Appraisal Foundation Appraiser Qualifications Board authorized under the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
(3) Classroom hours of study required by this section may be conducted by:
(i) an accredited university, college, or community or junior college;
(ii) an approved appraisal society, institute, or association; or
(iii) another school that the Commission approves.
(4) The Commission shall approve all courses of study required under this section.
Passing examination
(e) Except as otherwise provided in this subtitle, the applicant shall pass an examination given by the Commission or the Commission's designee under this subtitle.
Consent to service of process on Secretary
(f)(1) If an applicant is not a resident of the State, the applicant shall submit to the Commission an irrevocable consent, as provided under this subsection.
(2) The consent required under this section shall specify that service of process on the Secretary shall bind the applicant in any action about the provision of real estate appraisal services brought against the applicant in any county of the State.
Qualifications from Financial Institutions Reform, Recovery, and Enforcement Act
(g) The Commission shall adopt additional requirements under this section if necessary to comply with the minimum real estate appraiser qualifications established under the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
Monitor and review of courses
(h) The Commission may monitor and review any course of study approved under this section.

Credits

Added by Acts 1990, c. 594. Amended by Acts 1991, c. 568. Renumbered from Business Occupations and Professions § 15.5-302 by Acts 1994, c. 3, § 13, eff. Feb. 28, 1994. Amended by Acts 1998, c. 49, § 1, eff. Oct. 1, 1998; Acts 2001, c. 282, § 1, eff. Oct. 1, 2001; Acts 2017, c. 252, § 1, eff. Oct. 1, 2017; Acts 2020, c. 531, § 1, eff. Oct. 1, 2020; Acts 2023, c. 386, § 1, eff. Oct. 1, 2023; Acts 2023, c. 387, § 1, eff. Oct. 1, 2023.

Footnotes

Pub.L. 101-73, Aug. 9, 1989, 103 Stat. 183.
MD Code, Business Occupations & Professions, § 16-302, MD BUS OCCUP & PROF § 16-302
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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