Chapter 05. Code of Ethics
Regulation .01 Uniform Standards of Professional Appraisal Practice.LinkCopy Citation
In compliance with Business Occupations and Professions Article, §16-208(b), Annotated Code of Maryland, the Commission adopts the most recent version of the Uniform Standards of Professional Appraisal Practice (The Appraisal Foundation), including Preamble, Ethics Rule, Competency Rule, Scope of Work Rule, Jurisdictional Exception, Supplemental Standards, Definitions and Standards 1, 2, 3, and 4 with all related Standard Rules and Statements on Appraisal Standards, as it may be amended, modified, or updated from time to time.
Regulation .02 Compliance with State Law.LinkCopy Citation
While performing an appraisal, licensed and certified appraisers shall abide by each provision of the Maryland Real Estate Appraisers Act, Business Occupations and Professions Article, §16-101 et seq., Annotated Code of Maryland, including each provision of §16-701.
Regulation .03 Responsibilities of Licensees and Certificate Holders.LinkCopy Citation
A.
A licensee or certificate holder shall respond to the Commission in writing within 30 days of receipt of a written communication from the Commission to the licensee or certificate holder.
B.
The Commission shall send written communications by certified and first class mail to the last address furnished to the Commission by the licensee or certificate holder.
Chapter annotations
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
History: Effective date: September 30, 1991 (18:19 Md. R. 2099)
History: Regulation .01 repealed and new Regulations .01—.03 adopted effective August 30, 1993 (20:17 Md. R. 1345)
History: Chapter revised as an emergency provision effective February 1, 1996 (23:4 Md. R. 269); revised permanently effective July 1, 1996 (23:13 Md. R. 943)
History: Regulation .01B amended as an emergency provision effective May 15, 1997 (24:11 Md. R. 791); emergency status expired November 14, 1997 (Emergency provisions are temporary and not printed in COMAR)
History: Regulation .01B amended as an emergency provision effective February 12, 1998 (25:5 Md. R. 366); emergency status expired July 11, 1998; amended permanently effective August 24, 1998 (25:17 Md. R. 1360)
History: Regulation .01B amended as an emergency provision effective March 31, 1999 (26:8 Md. R. 613); emergency status expired September 28, 1999
History: Regulation .01B amended effective November 1, 1999 (26:22 Md. R. 1691)
History: Regulation .01B amended as an emergency provision effective February 25, 2000 (27:7 Md. R. 703); amended permanently effective August 21, 2000 (27:16 Md. R. 1523)
History: Regulation .01B amended as an emergency provision effective February 20, 2001 (28:6 Md. R. 619); amended permanently effective June 25, 2001 (28:12 Md. R. 1106)
History: Regulation .01B amended as an emergency provision effective January 31, 2002 (29:4 Md. R. 411); emergency status expired July 29, 2002; adopted permanently effective August 19, 2002 (29:16 Md. R. 1288)
History: Regulation .01B amended as an emergency provision effective March 20, 2003 (30:8 Md. R. 538); emergency status extended at 30:25 Md. R. 1843; emergency status expired January 20, 2004; amended permanently effective March 1, 2004 (31:4 Md. R. 314)
History: Regulation .01B amended effective January 6, 2005 (31:26 Md. R. 1861); August 1, 2005 (32:15 Md. R. 1320); September 10, 2007 (34:18 Md. R. 1579); October 6, 2008 (35:20 Md. R. 1774); November 15, 2010 (37:23 Md. R. 1610); October 29, 2012 (39:21 Md. R. 1378)
History: Regulation .01B amended as an emergency provision effective January 1, 2014 (41:3 Md. R. 199); amended permanently effective May 12, 2014 (41:9 Md. R. 520)
History: Regulation .01B amended as an emergency provision effective January 1, 2016 (42:26 Md. R. 1593); amended permanently effective May 23, 2016 (43:10 Md. R. 585)
History: Regulation .01B amended as an emergency provision effective January 1, 2018 (45:5 Md. R. 284); amended permanently effective March 12, 2018 (45:5 Md. R. 285)
History: Regulation .03 adopted effective March 18, 2002 (29:5 Md. R. 502)
History: Regulation .01 repealed and new Regulation .01 adopted effective July 12, 2021 (48:14 Md. R. 538)