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2007 Laws of Maryland
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Ch. 649
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Business Occupations and Professions
16-101.
(a) In this title the following words have the meanings indicated.
(b) (1) "Appraisal" means an analysis, conclusion, or opinion about the
nature, quality, utility, or value of interests in or aspects of identified real estate.
(2) "Appraisal" includes:
(i) a valuation appraisal;
(ii) an analysis assignment; and
(iii) a review assignment.
(3) "Appraisal" does not include an opinion to a potential seller or
third party by a person licensed under Title 17 of this article about the recommended
listing price or recommended purchase price of real estate, provided that the opinion is
not referred to as an appraisal.
(c) "Appraisal report" means any communication, oral or written, of an
appraisal.
(d) (1) "Certificate" means, unless the context requires otherwise, a
certificate issued by the Commission that allows an individual to provide certified real
estate appraisal services.
(2) "Certificate" includes, unless the context requires otherwise, each
of the following certificates:
(i) a certificate to provide certified real estate appraisal services
for general real estate; and
(ii) a certificate to provide certified real estate appraisal services
for residential real estate.
(e) "Certified appraisal report" means an appraisal report prepared and
signed by a certified real estate appraiser.
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- 4070 -
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