Shown verbatim: the complete text as captured from the official PDF posted by the Maryland General Assembly, fetched 2026-09-25. Page and line markers are part of the official record; nothing is edited or removed. This is the chaptered version. The official bill page.
WES MOORE, Governor Ch. 744
Chapter 744
(House Bill 919)
AN ACT concerning
Maryland Higher Education Commission – Practical Applications of Real Estate
Appraisal (PAREA) Grant Program – Established
FOR the purpose of establishing the Practical Applications of Real Estate Appraisal
(PAREA) Grant Program to provide grants to certain individuals with the goal of
becoming a real estate appraiser in certain communities; requiring the Maryland
Higher Education Commission to administer the Program; and generally relating to
the Practical Applications of Real Estate Appraisal (PAREA) Grant Program.
BY adding to
Article – Education
Section 18–4201 and 18–4202 to be under the new subtitle “Subtitle 42. PAREA
Grant Program”
Annotated Code of Maryland
(2022 Replacement Volume and 2025 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND,
That the Laws of Maryland read as follows:
Article – Education
SUBTITLE 42. PAREA GRANT PROGRAM.
18–4201.
(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.
(B) “PAREA” MEANS THE PRACTICAL APPLICATIONS OF REAL ESTATE
APPRAISAL.
(C) “PROGRAM” MEANS THE PRACTICAL APPLICATIONS OF REAL ESTATE
APPRAISAL GRANT PROGRAM.
18–4202.
(A) THERE IS A PRACTICAL APPLICATIONS OF REAL ESTATE APPRAISAL
GRANT PROGRAM IN THE COMMISSION.
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Ch. 744 2026 LAWS OF MARYLAND
(B) THE PURPOSE OF THE PROGRAM IS TO:
(1) ASSIST IN CLOSING APPRAISAL GAPS THAT OCCUR IN
HISTORICALLY REDLINED NEIGHBORHOODS AND UNDERREPRESENTED
COMMUNITIES;
(2) AWARD GRANTS TO MINORITIES WHO RESIDE IN HISTORICALLY
REDLINED NEIGHBORHOODS AND UNDERREPRESENTED COMMUNITIES WITH THE
GOAL OF PURSUING PAREA; AND
(3) DIVERSIFY THE APPRAISAL FIELD.
(C) THE COMMISSION SHALL ADMINISTER THE PROGRAM.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July
1, 2026.
Approved by the Governor, May 26, 2026.
–2–Every fact on this page links to its source, starting with the official bill record.