| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | EXPLANATION: CAPITALS INDICATE MATTER ADDE D TO EXISTING LAW . | |
| 4 | 4 | [Brackets] indicate matter deleted from existing law. | |
| 5 | - | Underlining indicates amendments to bill. | |
| 6 | - | Strike out indicates matter stricken from the bill by amendment or deleted from the law by | |
| 7 | - | amendment. | |
| 8 | 5 | *hb1021* | |
| 9 | 6 | ||
| 10 | 7 | HOUSE BILL 1021 | |
| 11 | 8 | C3 5lr3520 | |
| 12 | 9 | ||
| 13 | 10 | By: Delegates Taylor and Holmes | |
| 14 | 11 | Introduced and read first time: February 3, 2025 | |
| 15 | 12 | Assigned to: Economic Matters | |
| 16 | - | Committee Report: Favorable with amendments | |
| 17 | - | House action: Adopted | |
| 18 | - | Read second time: March 6, 2025 | |
| 19 | 13 | ||
| 20 | - | ||
| 14 | + | A BILL ENTITLED | |
| 21 | 15 | ||
| 22 | 16 | AN ACT concerning 1 | |
| 23 | 17 | ||
| 24 | 18 | Real Estate Appraisers – Licensure and Certification – Qualifications 2 | |
| 25 | 19 | ||
| 26 | 20 | FOR the purpose of prohibiting the State Commission of Real Estate Appraisers, Appraisal 3 | |
| 27 | 21 | Management Companies, and Home Inspectors from requiring an applicant to hold 4 | |
| 28 | - | a bachelor’s degree or higher to qualify for | |
| 29 | - | ||
| 30 | - | ||
| 22 | + | a bachelor’s degree or higher to qualify for certification or licensure as a real estate 5 | |
| 23 | + | appraiser; and generally relating to certification and licensing requirements for a 6 | |
| 24 | + | real estate appraiser. 7 | |
| 31 | 25 | ||
| 32 | 26 | BY repealing and reenacting, with amendments, 8 | |
| 33 | 27 | Article – Business Occupations and Professions 9 | |
| 34 | 28 | Section 16–302 and 16–503 10 | |
| 35 | 29 | Annotated Code of Maryland 11 | |
| 36 | 30 | (2018 Replacement Volume and 2024 Supplement) 12 | |
| 37 | 31 | ||
| 38 | 32 | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 13 | |
| 39 | 33 | That the Laws of Maryland read as follows: 14 | |
| 40 | 34 | ||
| 41 | 35 | Article – Business Occupations and Professions 15 | |
| 42 | 36 | ||
| 43 | 37 | 16–302. 16 | |
| 44 | 38 | ||
| 45 | 39 | (a) To qualify for a real estate appraisal license, an applicant shall be an 17 | |
| 46 | 40 | individual who meets the requirements of this section. 18 | |
| 47 | 41 | ||
| 48 | - | (b) An applicant shall be of good character and reputation. 19 2 HOUSE BILL 1021 | |
| 42 | + | (b) An applicant shall be of good character and reputation. 19 | |
| 43 | + | ||
| 44 | + | (c) An applicant shall be at least 18 years old. 20 | |
| 45 | + | ||
| 46 | + | (d) (1) An applicant shall satisfy the minimum real estate appraiser 21 | |
| 47 | + | qualifications for licensure established under the federal Financial Institutions Reform, 22 | |
| 48 | + | Recovery, and Enforcement Act of 1989. 23 2 HOUSE BILL 1021 | |
| 49 | 49 | ||
| 50 | 50 | ||
| 51 | 51 | ||
| 52 | - | ( | |
| 52 | + | (2) An applicant shall have completed: 1 | |
| 53 | 53 | ||
| 54 | - | (d) (1) An applicant shall satisfy the minimum real estate appraiser 2 | |
| 55 | - | qualifications for licensure established under the federal Financial Institutions Reform, 3 | |
| 56 | - | Recovery, and Enforcement Act of 1989. 4 | |
| 54 | + | (i) at least 1,000 hours providing real estate appraiser services as a 2 | |
| 55 | + | real estate appraiser trainee under the supervision of a certified appraiser; or 3 | |
| 57 | 56 | ||
| 58 | - | (2) An applicant shall have completed: 5 | |
| 57 | + | (ii) the Real Property Appraiser Qualification Criteria of the 4 | |
| 58 | + | Practical Applications of Real Estate Appraisal program adopted by the Appraisal 5 | |
| 59 | + | Foundation Appraiser Qualifications Board authorized under the federal Financial 6 | |
| 60 | + | Institutions Reform, Recovery, and Enforcement Act of 1989. 7 | |
| 59 | 61 | ||
| 60 | - | (i) at least 1,000 hours providing real estate appraiser services as a 6 | |
| 61 | - | real estate appraiser trainee under the supervision of a certified appraiser; or 7 | |
| 62 | + | (3) Classroom hours of study required by this section may be conducted by: 8 | |
| 62 | 63 | ||
| 63 | - | (ii) the Real Property Appraiser Qualification Criteria of the 8 | |
| 64 | - | Practical Applications of Real Estate Appraisal program adopted by the Appraisal 9 | |
| 65 | - | Foundation Appraiser Qualifications Board authorized under the federal Financial 10 | |
| 66 | - | Institutions Reform, Recovery, and Enforcement Act of 1989. 11 | |
| 64 | + | (i) an accredited university, college, or community or junior college; 9 | |
| 67 | 65 | ||
| 68 | - | ( | |
| 66 | + | (ii) an approved appraisal society, institute, or association; or 10 | |
| 69 | 67 | ||
| 70 | - | ( | |
| 68 | + | (iii) another school that the Commission approves. 11 | |
| 71 | 69 | ||
| 72 | - | (ii) an approved appraisal society, institute, or association; or 14 | |
| 70 | + | (4) The Commission shall approve all courses of study required under this 12 | |
| 71 | + | section. 13 | |
| 73 | 72 | ||
| 74 | - | (iii) another school that the Commission approves. 15 | |
| 73 | + | (5) THE COMMISSION MAY NOT RE QUIRE AN APPLICANT T O HOLD A 14 | |
| 74 | + | BACHELOR’S DEGREE OR HIGHER T O QUALIFY FOR LICENSURE UNDER THIS 15 | |
| 75 | + | SECTION. 16 | |
| 75 | 76 | ||
| 76 | - | ( | |
| 77 | - | ||
| 77 | + | (e) Except as otherwise provided in this subtitle, the applicant shall pass an 17 | |
| 78 | + | examination given by the Commission or the Commission’s designee under this subtitle. 18 | |
| 78 | 79 | ||
| 79 | - | (5) THE COMMISSION MAY NOT REQU IRE AN APPLICANT TO HOLD A 18 | |
| 80 | - | BACHELOR’S DEGREE OR HIGHER T O QUALIFY FOR LICENS URE UNDER THIS 19 | |
| 81 | - | SECTION. 20 | |
| 80 | + | (f) (1) If an applicant is not a resident of the State, the applicant shall submit 19 | |
| 81 | + | to the Commission an irrevocable consent, as provided under this subsection. 20 | |
| 82 | 82 | ||
| 83 | - | (e) Except as otherwise provided in this subtitle, the applicant shall pass an 21 | |
| 84 | - | examination given by the Commission or the Commission’s designee under this subtitle. 22 | |
| 83 | + | (2) The consent required under this section shall specify that service of 21 | |
| 84 | + | process on the Secretary shall bind the applicant in any action about the provision of real 22 | |
| 85 | + | estate appraisal services brought against the applicant in any county of the State. 23 | |
| 85 | 86 | ||
| 86 | - | (f) (1) If an applicant is not a resident of the State, the applicant shall submit 23 | |
| 87 | - | to the Commission an irrevocable consent, as provided under this subsection. 24 | |
| 87 | + | (g) The Commission shall adopt additional requirements under this section if 24 | |
| 88 | + | necessary to comply with the minimum real estate appraiser qualifications established 25 | |
| 89 | + | under the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989. 26 | |
| 88 | 90 | ||
| 89 | - | (2) The consent required under this section shall specify that service of 25 | |
| 90 | - | process on the Secretary shall bind the applicant in any action about the provision of real 26 | |
| 91 | - | estate appraisal services brought against the applicant in any county of the State. 27 | |
| 91 | + | (h) The Commission may monitor and review any course of study approved under 27 | |
| 92 | + | this section. 28 | |
| 92 | 93 | ||
| 93 | - | (g) The Commission shall adopt additional requirements under this section if 28 | |
| 94 | - | necessary to comply with the minimum real estate appraiser qualifications established 29 | |
| 95 | - | under the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989. 30 | |
| 96 | - | HOUSE BILL 1021 3 | |
| 94 | + | 16–503. 29 | |
| 97 | 95 | ||
| 98 | - | ||
| 99 | - | (h) The Commission may monitor and review any course of study approved under 1 | |
| 100 | - | this section. 2 | |
| 101 | - | ||
| 102 | - | 16–503. 3 | |
| 103 | - | ||
| 104 | - | (a) To qualify for a certificate for residential or general real estate appraisal, an 4 | |
| 105 | - | applicant shall be an individual who meets the requirements of this section. 5 | |
| 106 | - | ||
| 107 | - | (b) (1) An applicant shall: 6 | |
| 108 | - | ||
| 109 | - | (i) be of good character and reputation; 7 | |
| 110 | - | ||
| 111 | - | (ii) be at least 18 years old; and 8 | |
| 112 | - | ||
| 113 | - | (iii) satisfy the minimum real estate appraiser qualifications for 9 | |
| 114 | - | residential certification or general certification, as appropriate, established under the 10 | |
| 115 | - | federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989. 11 | |
| 116 | - | ||
| 117 | - | (2) An applicant shall have completed: 12 | |
| 118 | - | ||
| 119 | - | (i) at least 1,500 hours providing real estate appraiser services as a 13 | |
| 120 | - | real estate appraiser trainee under the supervision of a certified appraiser; or 14 | |
| 121 | - | ||
| 122 | - | (ii) the Real Property Appraiser Qualification Criteria of the 15 | |
| 123 | - | Practical Applications of Real Estate Appraisal program adopted by the Appraisal 16 | |
| 124 | - | Foundation Appraiser Qualifications Board authorized under the federal Financial 17 | |
| 125 | - | Institutions Reform, Recovery, and Enforcement Act of 1989. 18 | |
| 126 | - | ||
| 127 | - | (3) Classroom hours of study required under this section may be conducted 19 | |
| 128 | - | by: 20 | |
| 129 | - | ||
| 130 | - | (i) an accredited university, college, or community or junior college; 21 | |
| 131 | - | ||
| 132 | - | (ii) an approved appraisal society, institute, or association; or 22 | |
| 133 | - | ||
| 134 | - | (iii) another school that the Commission approves. 23 | |
| 135 | - | ||
| 136 | - | (4) The Commission shall approve all courses of study required under this 24 | |
| 137 | - | section. 25 | |
| 138 | - | ||
| 139 | - | (5) THE COMMISSION MAY NOT RE QUIRE AN APPLICANT T O HOLD A 26 | |
| 140 | - | BACHELOR’S DEGREE OR HIGHER T O QUALIFY FOR RESIDENTIAL CERTIFICATION 27 | |
| 141 | - | UNDER THIS SECTION . 28 | |
| 142 | - | ||
| 143 | - | (c) An applicant shall pass the examination for a certificate for residential or 29 | |
| 144 | - | general real estate appraisal given by the Commission or the Commission’s designee under 30 | |
| 145 | - | this subtitle. 31 4 HOUSE BILL 1021 | |
| 96 | + | (a) To qualify for a certificate for residential or general real estate appraisal, an 30 | |
| 97 | + | applicant shall be an individual who meets the requirements of this section. 31 HOUSE BILL 1021 3 | |
| 146 | 98 | ||
| 147 | 99 | ||
| 148 | 100 | ||
| 149 | - | (d) (1) If an applicant is not a resident of the State, the applicant shall submit 1 | |
| 150 | - | to the Commission an irrevocable consent, as provided under this subsection. 2 | |
| 101 | + | (b) (1) An applicant shall: 1 | |
| 151 | 102 | ||
| 152 | - | (2) The consent required under this subsection shall specify that service of 3 | |
| 153 | - | process on the Secretary of State shall bind the applicant in any action about the provision 4 | |
| 154 | - | of certified real estate appraisal services against the applicant in any county of the State. 5 | |
| 103 | + | (i) be of good character and reputation; 2 | |
| 155 | 104 | ||
| 156 | - | (e) An applicant shall meet any other requirement that the Commission adopts 6 | |
| 157 | - | by regulation. 7 | |
| 105 | + | (ii) be at least 18 years old; and 3 | |
| 158 | 106 | ||
| 159 | - | ( | |
| 160 | - | ||
| 161 | - | ||
| 107 | + | (iii) satisfy the minimum real estate appraiser qualifications for 4 | |
| 108 | + | residential certification or general certification, as appropriate, established under the 5 | |
| 109 | + | federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989. 6 | |
| 162 | 110 | ||
| 163 | - | SECTION 2. AND BE IT FURTHER ENACT ED, That this Act shall take effect 11 | |
| 164 | - | October 1, 2025. 12 | |
| 111 | + | (2) An applicant shall have completed: 7 | |
| 112 | + | ||
| 113 | + | (i) at least 1,500 hours providing real estate appraiser services as a 8 | |
| 114 | + | real estate appraiser trainee under the supervision of a certified appraiser; or 9 | |
| 115 | + | ||
| 116 | + | (ii) the Real Property Appraiser Qualification Criteria of the 10 | |
| 117 | + | Practical Applications of Real Estate Appraisal program adopted by the Appraisal 11 | |
| 118 | + | Foundation Appraiser Qualifications Board authorized under the federal Financial 12 | |
| 119 | + | Institutions Reform, Recovery, and Enforcement Act of 1989. 13 | |
| 120 | + | ||
| 121 | + | (3) Classroom hours of study required under this section may be conducted 14 | |
| 122 | + | by: 15 | |
| 123 | + | ||
| 124 | + | (i) an accredited university, college, or community or junior college; 16 | |
| 125 | + | ||
| 126 | + | (ii) an approved appraisal society, institute, or association; or 17 | |
| 127 | + | ||
| 128 | + | (iii) another school that the Commission approves. 18 | |
| 129 | + | ||
| 130 | + | (4) The Commission shall approve all courses of study required under this 19 | |
| 131 | + | section. 20 | |
| 132 | + | ||
| 133 | + | (5) THE COMMISSION MAY NOT REQU IRE AN APPLICANT TO HOLD A 21 | |
| 134 | + | BACHELOR’S DEGREE OR HIGHER TO QUALIFY FOR CERTIFICATION UNDER THIS 22 | |
| 135 | + | SECTION. 23 | |
| 136 | + | ||
| 137 | + | (c) An applicant shall pass the examination for a certificate for residential or 24 | |
| 138 | + | general real estate appraisal given by the Commission or the Commission’s designee under 25 | |
| 139 | + | this subtitle. 26 | |
| 140 | + | ||
| 141 | + | (d) (1) If an applicant is not a resident of the State, the applicant shall submit 27 | |
| 142 | + | to the Commission an irrevocable consent, as provided under this subsection. 28 | |
| 143 | + | ||
| 144 | + | (2) The consent required under this subsection shall specify that service of 29 | |
| 145 | + | process on the Secretary of State shall bind the applicant in any action about the provision 30 | |
| 146 | + | of certified real estate appraisal services against the applicant in any county of the State. 31 4 HOUSE BILL 1021 | |
| 165 | 147 | ||
| 166 | 148 | ||
| 167 | 149 | ||
| 150 | + | (e) An applicant shall meet any other requirement that the Commission adopts 1 | |
| 151 | + | by regulation. 2 | |
| 168 | 152 | ||
| 169 | - | Approved: | |
| 170 | - | ________________________________________________________________________________ | |
| 171 | - | Governor. | |
| 172 | - | ________________________________________________________________________________ | |
| 173 | - | Speaker of the House of Delegates. | |
| 174 | - | ________________________________________________________________________________ | |
| 175 | - | President of the Senate. | |
| 153 | + | (f) The Commission shall adopt additional requirements under this section if 3 | |
| 154 | + | necessary to comply with the minimum real estate appraiser qualifications established 4 | |
| 155 | + | under the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989. 5 | |
| 156 | + | ||
| 157 | + | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 6 | |
| 158 | + | October 1, 2025. 7 |