(a) Subject to the provisions of this section, the Commission may waive the examination requirements of this subtitle for an individual who is licensed to provide real estate appraisal services in another state.
(b) The Commission may grant a waiver under this section only if the applicant:
(1) pays to the Commission the application fee set by the Commission under § 16–303 of this subtitle; and
(2) provides adequate evidence that the applicant:
(i) is licensed by a state that is in compliance with Title XI of the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as determined by the Appraisal Subcommittee of the federal Financial Institutions Examinations Council;
(ii) holds a valid license issued by that state; and
(iii) became licensed in the other state after meeting, in that state, requirements that are substantially equivalent to or exceed the licensing requirements of this State.
Structure Maryland Statutes
Business Occupations and Professions
Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors
Subtitle 3 - Licensing of Real Estate Appraisers
Section 16-301 - License Required
Section 16-302 - Qualifications of Applicants
Section 16-303 - Applications for Licenses; Fingerprinting
Section 16-304.1 - Use of Testing Service to Administer Examinations
Section 16-305 - Waiver of Examination Requirements
Section 16-307 - Scope of License
Section 16-308 - Term and Renewal of Licenses
Section 16-309 - Continuing Education
Section 16-310 - Reinstatement of Licenses
Section 16-311 - Roster of State Certified and Licensed Appraisers; Federal Appraisal Fee Fund
Section 16-312 - Place of Business; Display of License; Change of Name or Address