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Maryland Code, Business Occupations and Professions 16-401

 

Maryland Code > Business Occupations and Professions > § 16-401


Current as of: 2010
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        (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.
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