# Business Occupations and Professions (GBO)

## Title 16. Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors

### Subtitle 5B. Real Estate Appraisal Management Companies

#### Section 16-5B-02

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.

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Md. Code Ann., Bus. Occ. & Prof. (as displayed at mgaleg.maryland.gov, October 16, 2026)