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HB 919

Maryland Higher Education Commission - Practical Applications of Real Estate Appraisal (PAREA) Grant Program - Established

2026 Regular Session Introduced by Jackie Addison and 26 co-sponsors

HB 919 establishes a state grant program through Maryland's higher education system to fund real estate appraisal training and educational initiatives.

Approved by the Governor - Chapter 744
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Bill Summary · HB 919

Legislative bill overview

HB 919 establishes the Practical Applications of Real Estate Appraisal (PAREA) Grant Program under the Maryland Higher Education Commission. The bill creates a funding mechanism to support educational initiatives related to real estate appraisal practices and training in Maryland's higher education institutions.

Why is this important

Real estate appraisal is a critical profession that affects property valuations, lending decisions, and housing markets. By formalizing grant support through the state's higher education system, Maryland aims to develop a skilled workforce in this field and potentially address any existing gaps in appraisal training availability. This could influence mortgage accessibility and fair property valuation across the state.

Potential points of contention

  • Funding source and amount: The bill's appropriation details are not specified in this summary; lawmakers may debate whether dedicated state funds should support this specific vocational training versus other education priorities
  • Program scope and oversight: Questions may arise about what qualifies for grants, which institutions are eligible, and how the Maryland Higher Education Commission will evaluate program effectiveness
  • Industry involvement: There may be debate over whether private real estate and appraisal industry stakeholders should co-fund or partner in the program versus relying solely on state appropriations

Compiled from official sources — confirm details with the bill’s official record.

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