PROPOSED ACTION ON REGULATIONS
MARYLAND REGISTER, VOLUME 39, ISSUE 13,
FRIDAY, JUNE 29, 2012
Title 09 DEPARTMENT OF LABOR, LICENSING, AND REGULATION
Subtitle 19 COMMISSION OF REAL ESTATE APPRAISERS,
APPRAISAL MANAGEMENT COMPANIES, AND HOME INSPECTORS - REAL ESTATE APPRAISERS
09.19.05 Code of Ethics
Authority: Business Occupations and Professions Article,
§§16-208, 16-216, 16-220, 16-302(d) and (g), and 16-503(b) and (f), Annotated Code of Maryland
Notice of Proposed Action
The Commission of Real Estate Appraisers and Home Inspectors
proposes to amend Regulation .01 under COMAR 09.19.05 Code of
Ethics. This action was considered at a public meeting of the
Commission of Real Estate Appraisers and Home Inspectors held on
December 13, 2011, notice of which was given in 38:25 Md. R 1677
(December 2, 2011) pursuant to State Government Article, §10-506(c), Annotated Code of Maryland.
Statement of Purpose
The purpose of this action is to incorporate by reference the
2012.2013 Edition of the Uniform Standards of Professional
Appraisal Practice (USPAP), which were enacted by the Appraisal
Standards Board of The Appraisal Foundation, effective January 1,
2012, and with which licensed and certified real estate appraisers are
required, by federal mandate, to comply.
Comparison to Federal Standards
There is a corresponding federal standard to this proposed action,
but the proposed action is not more restrictive or stringent.
Estimate of Economic Impact
The proposed action has no economic impact.
Economic Impact on Small Businesses
The proposed action has minimal or no economic impact on small
Impact on Individuals with Disabilities
The proposed action has no impact on individuals with disabilities.
Opportunity for Public Comment
Comments may be sent to Patricia Schott, Administrator,
Commission of Real Estate Appraisers and Home Inspectors, 500 N.
Calvert Street, Baltimore, MD 21202, or call 410-230-6165, or email
to firstname.lastname@example.org, or fax to 410-333-6314. Comments will
be accepted through August 7, 2012. A public hearing has not been scheduled.
Final action on the proposal will be considered by the Commission
of Real Estate Appraisers and Home Inspectors during a public
meeting to be held on August 14, 2012, at 500 N. Calvert Street,
Baltimore, MD 21202.