• Business Occupations and Professions Article
  • August 10, 2017 | Authors: Neil J. Schechter; Timothy D. A. Chriss; David H. Fishman; Y. Jeffrey Spatz; Edward J. Levin; Seth M. Rotenberg; Searle E. Mitnick; William D. Shaughnessy; Peter B. Rosenwald; Danielle Stager Zoller
  • Law Firm: Gordon Feinblatt LLC - Baltimore Office
  • 22. Chapter 252 (HB 140)

    State Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors - Supervision of Appraiser Trainees
    Business Occupations and Professions Article repealing and reenacting, with amendments Sections 16–302(d)(2) and 16–503(b)(2)

    This Act clarifies an existing requirement that an applicant for initial licensure or initial certification as a real estate appraiser by the State Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors must have completed 2,000 hours of real estate appraiser services as a trainee under the supervision only of a certified appraiser and not a “licensed or certified” appraiser.

    Effective October 1, 2017.

    23. Chapter 350 (HB 760)

    State Real Estate Commission - Real Estate Brokerage Services - Duties and Obligations
    Business Occupations and Professions Article repealing and reenacting, with amendments Section 17–532

    This Act expands the list of specified actions by a licensee of the State Real Estate Commission that do not breach any duty or obligation to the client. Under the Act, a licensee may discuss other properties with prospective buyers or lessees during an open house if the licensee has the written consent of the seller or lessor to do so. Also, a licensee may show other available properties to a lessee without breaching any duty or obligation.

    Effective October 1, 2017.