§ 16–401
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Occ. & Prof. § 16-401 (2026)
Title 16. Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors
Subtitle 4. Miscellaneous Provisions for Real Estate Appraisers
§ 16–401LinkCopy Citation
(a)
Subject to the provisions of subsection (b) of this section, a licensed real estate appraiser shall keep, for 5 years from the date of delivery to the client, the original or a copy of:
(1)
each contract the licensee enters into for the provision of real estate appraisal services;
(2)
each appraisal report the licensee prepares or signs; and
(3)
all supporting data that the licensee assembles or formulates to prepare an appraisal report.
(b)
If, within the 5-year period for the retention of records, a licensed real estate appraiser is given notice that an appraisal or appraisal report is involved in litigation, a new 5-year period shall start on the date of the final disposition of the litigation.
(c)
On request, a licensed real estate appraiser shall make any record required to be kept under this section available to the Commission to inspect or copy.