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Terms Used In Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 16-208

  • Appraisal: A determination of property value.
  • including: means includes or including by way of illustration and not by way of limitation. See
(a) To protect the interests of the public, the Commission shall promptly adopt, by regulation:

(1) appraisal standards of conduct for all individuals licensed or certified as real estate appraisers under this title, including standards regarding conflicts of interest and ethical conduct; and

(2) a code of ethics and standards of practice for individuals licensed as home inspectors under this title.

(b) The Commission shall promptly adopt at a minimum the uniform standards of professional appraisal practice of the appraisal foundation to meet the requirement under subsection (a) of this section.

(c) At the request of a licensee or certificate holder, the Commission shall provide a copy of the appraisal standards it adopts to the licensed or certified real estate appraiser or a copy of home inspection standards it adopts to the licensed home inspector.

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