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§ 16-5A-03. Powers and duties of supervising appraisers

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 5a. Real Estate Appraiser Trainees (Refs & Annos)
MD Code, Business Occupations & Professions, § 16-5A-03
§ 16-5A-03. Powers and duties of supervising appraisers
Appraisal reports
(a) A supervising appraiser shall:
(1) review, sign, and certify that the real estate trainee's appraisal report complies with the uniform standards of professional appraisal practice;
(2) physically inspect each appraised property with the real estate appraiser trainee until the supervising appraiser determines that the real estate appraiser trainee is competent in accordance with paragraph (3) of this subsection;
(3) determine that the real estate appraiser trainee meets the competency requirements of the uniform standards of professional appraisal practice;
(4) at least once a month, sign and affix the supervising appraiser's license or certification number to the real estate appraiser trainee's experience log;
(5) ensure that the tasks assigned a real estate appraiser trainee will, over time, provide the full range of experience required by the Commission;
(6) provide the real estate appraiser trainee with a copy of all appraisal reports prepared by the real estate appraiser trainee that the Commission requests for review; and
(7) keep copies of appraisal reports prepared by the real estate appraiser trainee for the later of:
(i) 5 years; or
(ii) 5 years after final disposition of any judicial proceeding in which testimony was given.
Experience logs
(b) A real estate appraiser trainee shall:
(1) keep separate experience logs for each supervising appraiser;
(2) sign appraisal reports that the real estate appraiser trainee prepares; and
(3) upon request, provide experience logs to the Commission.
Multiple supervising appraisers
(c) A real estate appraiser trainee may have more than one supervising appraiser.
Copies of appraisal reports
(d) A real estate appraiser trainee may obtain copies of appraisal reports which were prepared by that trainee from the supervising appraiser.
Uniform standards of professional appraisal practice
(e) An appraiser trainee is subject to the uniform standards of professional appraisal practice.

Credits

Added by Acts 2000, c. 571, § 1, eff. Oct. 1, 2000. Amended by Acts 2001, c. 282, § 1, eff. Oct. 1, 2001.
MD Code, Business Occupations & Professions, § 16-5A-03, MD BUS OCCUP & PROF § 16-5A-03
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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