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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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BUSINESS OCCUPATIONS AND PROFESSIONS |
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TITLE 16. REAL ESTATE APPRAISERS, APPRAISAL MANAGEMENT COMPANIES, AND HOME INSPECTORS. |
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SUBTITLE 5. CERTIFICATION OF REAL ESTATE APPRAISERS |
§ 16-503. Qualifications of applicants for residential or general real estate appraisal certificate
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(a) In general. -- To qualify for a certificate for residential or general real estate appraisal, an applicant shall be an individual who meets the requirements of this section.
(b) Qualifications. --
(1) An applicant shall:
(i) be of good character and reputation;
(ii) be at least 18 years old; and
(iii) satisfy the minimum real estate appraiser qualifications for residential certification or general certification, as appropriate, established under the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
(2) An applicant shall have completed at least 2,000 hours providing real estate appraiser services as a real estate appraiser trainee under the supervision of a licensed or certified appraiser.
(3) Classroom hours of study required under 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.
(c) Examination. -- An applicant shall pass the examination for a certificate for residential or general real estate appraisal given by the Commission or the Commission's designee under this subtitle.
(d) Nonresident applicants. --
(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 subsection shall specify that service of process on the Secretary of State shall bind the applicant in any action about the provision of certified real estate appraisal services against the applicant in any county of the State.
(e) Additional requirements generally. -- An applicant shall meet any other requirement that the Commission adopts by regulation.
(f) Additional requirements for compliance with federal acts. -- 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.