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09.19.01 - Board for Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors - Pending Regulations

 

PROPOSED ACTION ON REGULATIONS
MARYLAND REGISTER, VOLUME 41, ISSUE 14,
FRIDAY, JULY 11, 2014

Title 09 DEPARTMENT OF LABOR, LICENSING, AND REGULATION

Subtitle 19 COMMISSION OF REAL ESTATE APPRAISERS, APPRAISAL MANAGEMENT COMPANIES, AND HOME INSPECTORS - REAL ESTATE APPRAISERS

09.19.01 Appraiser Classifications

Authority: Business Occupations and Professions Article, §§16-101(q) and (r), 16-216, 16-220, 16-509 and 16-5A-03, Annotated Code of Maryland

Notice of Proposed Action
[14-205-P]

The Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors proposes to amend Regulation .01 under COMAR 09.19.01 Appraiser Classifications. This action was considered at a public meeting of the Commission held on April 8, 2014, notice of which was given in 41:6 Md. R 407 (March 21, 2014) pursuant to State Government Article, §10-506(c), Annotated Code of Maryland.

Statement of Purpose

The purpose of this action is to remove a provision that permits a real estate appraiser trainee to be supervised by a licensed real estate appraiser. The existing language is inconsistent with the definition of a supervising appraiser under Business Occupations and Professions Article, §16-101(r), Annotated Code of Maryland, which defines a supervising appraiser as “a certified residential real estate appraiser or a certified general real estate appraiser....” The statutory definition of a supervising appraiser was amended in 2008 to prohibit a licensed real estate appraiser from supervising a trainee appraiser.

Comparison to Federal Standards

There is a corresponding federal standard to this proposed action, but the proposed action is not more restrictive or stringent.

Estimate of Economic Impact

The proposed action has no economic impact.

Economic Impact on Small Businesses

The proposed action has minimal or no economic impact on small businesses.

Impact on Individuals with Disabilities

The proposed action has no impact on individuals with disabilities.

Opportunity for Public Comment

Comments may be sent to Patricia Schott, Executive Director, Commission of Real Estate Appraisers, Appraisal Management Companies and Home Inspectors, 500 N. Calvert Street #302, Baltimore, MD 21202, or call 410-230-6165, or email to patricia.schott@maryland.gov, or fax to 410-333-6314. Comments will be accepted through August 11, 2014. A public hearing has not been scheduled.

Open Meeting

Final action on the proposal will be considered by Commission of Real Estate Appraiser, Appraisal Management Companies and Home Inspectors during a public meeting to be held on August 12, 2014, at 500 N. Calvert Street, Baltimore, MD 21202.

.01 Appraiser Classifications.
  A.—D. (text unchanged)
  E. An individual who is a real estate appraiser trainee may provide real estate appraisal services in accordance with Business Occupations and Professions Article, §16-101, Annotated Code of Maryland, and as stated in §§A—D of this regulation, while:
    (1) Under the supervision of a certified residential or [licensed] certified general real estate appraiser; and
    (2) (text unchanged)

GEORGE FAIR
Chairman
Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors