Md. Code Ann., Bus. Occ. & Prof. § 16-208
Appraisal standards of conduct, code of ethics and standards of practice for home inspectors
Effective Jul 1, 2002Added by Acts 1990, c. 594. Renumbered from Business Occupations and Professions § 15.5-208 by Acts 1994, c. 3, § 13, eff. Feb. 28, 1994. Amended by Acts 2001, c. 470, § 1, eff. Oct. 1, 2001; Acts 2002, c. 226, § 1, eff. July 1, 2002.State of Maryland
(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.
Added by Acts 1990, c. 594. Renumbered from Business Occupations and Professions § 15.5-208 by Acts 1994, c. 3, § 13, eff. Feb. 28, 1994. Amended by Acts 2001, c. 470, § 1, eff. Oct. 1, 2001; Acts 2002, c. 226, § 1, eff. July 1, 2002.