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§ 16-506. Certificate examination

West's Annotated Code of MarylandBusiness Occupations and Professions

West's Annotated Code of Maryland
Business Occupations and Professions
Title 16. Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors (Refs & Annos)
Subtitle 5. Certification of Real Estate Appraisers (Refs & Annos)
MD Code, Business Occupations & Professions, § 16-506
§ 16-506. Certificate examination
Currentness
Right to examination
(a) Except as otherwise provided in § 16-506.1 of this subtitle, an applicant who otherwise qualifies for a certificate is entitled to be examined as provided in this section.
Time and place of examinations
(b) The Commission periodically shall give examinations to qualified applicants at the times and places that the Commission determines.
Notice of examination
(c) The Commission shall give each qualified applicant notice of the time and place of examination.
Examination fee
(d) To take an examination, an applicant shall pay an examination fee to the Commission or the Commission's designee in an amount not to exceed the cost of the examination as established by the Commission.
Scope, passing score, and form of examination
(e)(1) Except as otherwise provided in this subsection, the Commission shall determine the scope and the passing score for examinations given under this subtitle.
(2) The form of an examination shall be written.
(3) An examination shall test knowledge of:
(i) technical terms commonly used in real estate appraising and economic concepts applicable to real estate;
(ii) real estate appraisal theory and practice and real estate appraisal process;
(iii) standards for the development and communication of real estate appraisals;
(iv) standards of conduct that the Commission adopts under § 16-208 of this title;
(v) theories of depreciation, cost estimating, methods of capitalization, the mathematics of real estate appraisal, and other principles that are appropriate for the certificate for which the applicant applies;
(vi) basic real estate law; and
(vii) misconduct for which disciplinary proceedings may be started against a certified real estate appraiser for residential real estate or a certified real estate appraiser for general real estate.

Credits

Added by Acts 1990, c. 594. Amended by Acts 1991, c. 568. Renumbered from Business Occupations and Professions § 15.5-506 by Acts 1994, c. 3, § 13, eff. Feb. 28, 1994. Amended by Acts 1998, c. 49, § 1, eff. Oct. 1, 1998.
MD Code, Business Occupations & Professions, § 16-506, MD BUS OCCUP & PROF § 16-506
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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