reglab/housing_qa huggingface dataset:
MD. Business Occupations and Professions Code Ann. §  16-513 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5 - Certification of Real Estate Appraisers|Section 16-513 - Certificate Number

    (a)    A certified real estate appraiser shall place the certificate number assigned by the Commission to the appraiser on each document that refers to the certified status of the appraiser.    (b)    On a certified real estate appraiser report, the certificate number shall appear adjacent to the title “certified residential real estate appraiser” or “certified general real estate appraiser”.
MD. Business Occupations and Professions Code Ann. §  16-5A-01 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5A - Real Estate Appraiser Trainees|Section 16-5A-01 - Trainee Licensing -- Qualifications; Application

    (a)    To qualify for a real estate appraiser trainee license, an applicant shall meet the requirements set by the Commission.    (b)    An applicant for a real estate appraiser trainee license shall:        (1)    submit an application to the Commission on the form that the Commission requires;        (2)    be of good character and reputation;        (3)    be at least 18 years old;        (4)    provide evidence, as required by the Commission, that the applicant has successfully completed 75 tested hours of Commission–approved real estate appraisal courses of which 15 hours shall be classroom hours in the subject of the uniform standards of professional appraisal practice; and        (5)    pay to the Commission an application fee set by the Commission.    (c)    (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 shall bind the applicant in any action about the provision of real estate appraisal services brought against the applicant in any county of the State.
MD. Business Occupations and Professions Code Ann. §  16-5A-02 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5A - Real Estate Appraiser Trainees|Section 16-5A-02 - Trainee Licensing -- Scope

    While a real estate appraiser trainee license is in effect, it authorizes the licensee, while under the direction and supervision of a supervising appraiser, to provide real estate appraisal services as provided under § 16-307 of this title.
MD. Business Occupations and Professions Code Ann. §  16-5A-03 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5A - Real Estate Appraiser Trainees|Section 16-5A-03 - Duties of Supervising Appraiser and Appraiser Trainee

    (a)    A supervising appraiser shall:        (1)    review, sign, and certify that the real estate trainee’s appraisal report complies with the uniform standards of professional appraisal practice;        (2)    physically inspect each appraised property with the real estate appraiser trainee until the supervising appraiser determines that the real estate appraiser trainee is competent in accordance with paragraph (3) of this subsection;        (3)    determine that the real estate appraiser trainee meets the competency requirements of the uniform standards of professional appraisal practice;        (4)    at least once a month, sign and affix the supervising appraiser’s license or certification number to the real estate appraiser trainee’s experience log;        (5)    ensure that the tasks assigned a real estate appraiser trainee will, over time, provide the full range of experience required by the Commission;        (6)    provide the real estate appraiser trainee with a copy of all appraisal reports prepared by the real estate appraiser trainee that the Commission requests for review; and        (7)    keep copies of appraisal reports prepared by the real estate appraiser trainee for the later of:            (i)    5 years; or            (ii)    5 years after final disposition of any judicial proceeding in which testimony was given.    (b)    A real estate appraiser trainee shall:        (1)    keep separate experience logs for each supervising appraiser;        (2)    sign appraisal reports that the real estate appraiser trainee prepares; and        (3)    upon request, provide experience logs to the Commission.    (c)    A real estate appraiser trainee may have more than one supervising appraiser.    (d)    A real estate appraiser trainee may obtain copies of appraisal reports which were prepared by that trainee from the supervising appraiser.    (e)    An appraiser trainee is subject to the uniform standards of professional appraisal practice.
MD. Business Occupations and Professions Code Ann. §  16-5A-04 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5A - Real Estate Appraiser Trainees|Section 16-5A-04 - License Renewal

    (a)    Unless a real estate appraiser trainee license is renewed under this section, the license expires 3 years after the effective date of the license.    (b)    (1)    Before a real estate appraiser trainee license expires, the licensee periodically may renew the license for an additional 3–year term if the licensee:            (i)    is otherwise entitled to be licensed; and            (ii)    submits to the Commission:                1.    a renewal application on the form that the Commission requires; and                2.    adequate evidence that the licensee meets the minimum continuing education requirements established under the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989.        (2)    At least 1 month before a real estate appraiser trainee license expires, the Commission shall mail or electronically transmit to the licensee:            (i)    a renewal application form; and            (ii)    a notice that states:                1.    the date on which the current license expires; and                2.    the amount of the renewal fee.        (3)    If an electronic transmission under paragraph (2) of this subsection is returned to the Commission as undeliverable, the Commission shall mail to the licensee, at the last known address of the licensee, the materials required under paragraph (2) of this subsection within 10 business days of the date the Commission received the notice that the electronic transmission was undeliverable.        (4)    The failure of a licensee to receive the notice under this subsection does not prevent the license from expiring as specified under subsection (a) of this section.
MD. Business Occupations and Professions Code Ann. §  16-5A-05 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5A - Real Estate Appraiser Trainees|Section 16-5A-05 - Reinstatement of License -- Prerequisites

    The Commission shall reinstate the license of a real estate appraiser trainee who fails to renew the license if the real estate appraiser trainee:        (1)    applies to the Commission for reinstatement within 3 years after the license expires;        (2)    provides adequate evidence of compliance with the continuing education requirements under § 16–5A–04 of this subtitle for license renewal;        (3)    if required by the Commission, states the reasons why reinstatement should be granted; and        (4)    pays to the Commission a reinstatement fee set by the Commission.
MD. Business Occupations and Professions Code Ann. §  16-5B-02 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5B - Real Estate Appraisal Management Companies|Section 16-5B-02 - Scope of Subtitle

    This subtitle does not apply to:        (1)    a person that exclusively employs appraisers on an employer–employee basis for the performance of appraisals; or        (2)    an entity that is a subsidiary owned and controlled by a financial institution and regulated by a federal financial institution regulatory agency.
MD. Business Occupations and Professions Code Ann. §  16-5B-04 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5B - Real Estate Appraisal Management Companies|Section 16-5B-04 - Application and Registration

    (a)    An applicant for registration as an appraisal management company shall submit to the Commission an application on a form required by the Commission.    (b)    A registration issued under this subtitle is valid for 1 year.    (c)    A person applying for registration as an appraisal management company shall complete an irrevocable Uniform Consent to Service of Process, as required by the Commission.    (d)    The Commission may set by regulation reasonable fees for registering appraisal management companies under this subtitle.
MD. Business Occupations and Professions Code Ann. §  16-5B-05 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5B - Real Estate Appraisal Management Companies|Section 16-5B-05 - Ownership Requirements

    (a)    A person applying for registration as an appraisal management company may not be owned in whole or in part, directly or indirectly, by:        (1)    a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in any state; or        (2)    another entity that is owned by a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in any state.    (b)    The owner of an appraisal management company shall:        (1)    be of good character and reputation, as determined by the Commission; and        (2)    submit to a background investigation, as determined by the Commission.    (c)    A person applying for registration as an appraisal management company shall certify to the Commission that it has reviewed each entity that owns the person and that no other entity that owns the person is directly owned by a person that has had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in any state.
MD. Business Occupations and Professions Code Ann. §  16-5B-06 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5B - Real Estate Appraisal Management Companies|Section 16-5B-06 - Person Designated as Controlling Person

    (a)    A person applying for registration as an appraisal management company shall designate an individual to serve as a controlling person that will be the main contact for all communication between the Commission and the appraisal management company.    (b)    The controlling person designated under subsection (a) of this section shall:        (1)    have never had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in any state, unless the license or certificate was subsequently granted or reinstated;        (2)    be of good character and reputation, as determined by the Commission; and        (3)    submit to a background investigation, as determined by the Commission.
MD. Business Occupations and Professions Code Ann. §  16-5B-07 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5B - Real Estate Appraisal Management Companies|Section 16-5B-07 - Prohibited Relationships

    An appraisal management company may not:        (1)    knowingly employ a person in a position in which the person has the responsibility to order appraisals or to review completed appraisals who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in any state, unless the license or certificate was subsequently granted or reinstated;        (2)    knowingly enter into an independent contractor arrangement for real estate appraisal services with a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in any state, unless the license or certificate was subsequently granted or reinstated; or        (3)    knowingly enter into a contract, an agreement, or any other business relationship, for the purpose of obtaining real estate appraisal services, with an entity that employs, has entered into an independent contract arrangement with, or has entered into a contract, an agreement, or any other business relationship with a person who has ever had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in any state, unless the license or certificate was subsequently granted or reinstated.
MD. Business Occupations and Professions Code Ann. §  16-5B-08 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5B - Real Estate Appraisal Management Companies|Section 16-5B-08 - Competency Requirements

    (a)    An appraisal management company shall require that an appraiser confirm in writing or via electronic means that an appraiser receiving the assignment is a competent appraiser for the performance of the appraisal being assigned.    (b)    An appraisal management company that has complied with subsection (a) of this section in relation to an assignment may not be held liable for a violation of this subtitle in relation to that assignment if the Commission subsequently determines that the appraiser completing the assignment violated the competency rule of the Uniform Standards of Professional Appraisal Practice.    (c)    An employee of or independent contractor to the appraisal management company that performs an appraisal review on a property located in the State shall be an appraiser licensed or certified in the State.    (d)    An appraisal management company may not enter into any agreements with an appraiser for the performance of appraisals in conjunction with federally related transactions unless it verifies that the appraiser is licensed or certified to perform the appraisal under this subtitle.
MD. Business Occupations and Professions Code Ann. §  16-5B-09 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5B - Real Estate Appraisal Management Companies|Section 16-5B-09 - Records

    (a)    A person applying for registration as an appraisal management company shall certify to the Commission on an annual basis that it will maintain a detailed record of:        (1)    each service request that it receives; and        (2)    each appraiser that performs the appraisal for the appraisal management company.    (b)    An appraisal management company shall retain the records required under subsection (a) of this section for 5 years after an appraisal is completed, or 2 years after final disposition of a judicial proceeding related to the assignment, whichever period expires later.
MD. Business Occupations and Professions Code Ann. §  16-5B-10 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5B - Real Estate Appraisal Management Companies|Section 16-5B-10 - Prohibited Acts

    (a)    An appraisal management company may not:        (1)    knowingly fail to separate and disclose any fees charged to a client by the appraisal management company for the completion of an appraisal by an appraiser from the fees charged to a lender, client, or any other person by an appraisal management company for providing appraisal management services; or        (2)    knowingly prohibit an appraiser from recording the fee that the appraiser was paid by the appraisal management company for the provision of real estate services within the appraisal report that is submitted by the appraiser to the appraisal management company.    (b)    The Commission may not bring disciplinary action under § 16–702.2 of this title or recommend criminal sanctions under § 16–706 of this title based solely on subsection (a) of this section.
MD. Business Occupations and Professions Code Ann. §  16-5B-12 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5B - Real Estate Appraisal Management Companies|Section 16-5B-12 - Duty to Report Compliance Failures and Violations

    An appraisal management company shall inform the Commission when the appraisal management company has a reasonable basis to believe that:        (1)    an appraiser has:            (i)    failed to comply with the Uniform Standards of Professional Appraisal Practice;            (ii)    violated applicable laws; or            (iii)    engaged in unethical or unprofessional conduct; and        (2)    the appraiser’s conduct under item (1) of this section is likely to affect the value assigned to the consumer’s principal dwelling.
MD. Business Occupations and Professions Code Ann. §  16-5B-13 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5B - Real Estate Appraisal Management Companies|Section 16-5B-13 - Standards of Unprofessional Conduct

    An appraisal management company commits unprofessional conduct if the appraisal management company:        (1)    requires an appraiser to modify an aspect of an appraisal report and the modification requested is not related to substandard performance or noncompliance with the terms of engagement;        (2)    requires an appraiser to prepare an appraisal report if the appraiser has notified the appraisal management company that, in the appraiser’s own professional judgment, the appraiser believes the appraiser does not have the necessary expertise for the specific geographic area;        (3)    requires an appraiser to prepare an appraisal report under a time frame that the appraiser has notified the appraisal management company that, in the appraiser’s own professional judgment, the appraiser believes does not afford the appraiser the ability to meet all the relevant legal and professional obligations;        (4)    prohibits or inhibits communication between an appraiser and a lender, a real estate licensee, or any other person from whom the appraiser, in the appraiser’s own professional judgment, believes information would be relevant;        (5)    requires the appraiser to do anything that does not comply with:            (i)    the Uniform Standards of Professional Appraisal Practice; or            (ii)    any assignment conditions and certifications required by the client; or        (6)    makes any portion of the appraiser’s fee or the appraisal management company’s fee contingent on a favorable outcome, including:            (i)    a loan closing; or            (ii)    a specific dollar amount being achieved by the appraiser in the appraisal report.
MD. Business Occupations and Professions Code Ann. §  16-5B-14 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5B - Real Estate Appraisal Management Companies|Section 16-5B-14 - Schedule of Payments to Appraisers on Completion of Work

    (a)    Except in cases of breach of contract or substandard performance of services, an appraisal management company shall pay an appraiser for the completion of each appraisal or valuation assignment within 45 days after the appraiser provides the initial completed appraisal or valuation study to the appraisal management company or its assignee.    (b)    (1)    The Commission may bring a disciplinary action under § 16–701.2 of this title based on a violation of subsection (a) of this section.        (2)    The Commission may not recommend criminal sanctions under § 16–706 of this title based solely on subsection (a) of this section.
MD. Business Occupations and Professions Code Ann. §  16-5B-15 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5B - Real Estate Appraisal Management Companies|Section 16-5B-15 - Alterations of Completed Reports; Digital Signature or Seal

    (a)    An appraisal management company may not change a completed appraisal report submitted by an appraiser by:        (1)    permanently removing the appraiser’s signature or seal; or        (2)    adding information to, or removing information from, the appraisal report with an intent to change the valuation conclusion.    (b)    (1)    An appraisal management company may not require an appraiser to provide the appraisal management company with the appraiser’s digital signature or seal.        (2)    Subject to the restrictions in the Uniform Standards of Professional Appraisal Practice, an appraiser may voluntarily provide the appraiser’s digital signature to another person.
MD. Business Occupations and Professions Code Ann. §  16-5B-16 (2021)
2021 Maryland Statutes|Business Occupations and Professions|Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors|Subtitle 5B - Real Estate Appraisal Management Companies|Section 16-5B-16 - Issuance and Use of Registration Number; Annual List of Companies

    (a)    The Commission shall issue a unique registration number to each appraisal management company that is registered in this State.    (b)    The Commission shall publish annually a list of appraisal management companies.    (c)    An appraisal management company shall disclose the company’s registration number on any instrument utilized by the appraisal management company to procure appraisal services in this State.