A Maryland broker bills a 2026 borrower for the actual cost of an appraisal the borrower asked for in writing. May the actual appraisal cost be charged in addition to the finder fee?
Correct Answer
A) Permitted in addition to the finder fee, at the actual cost
In addition to a finder fee a broker may charge a borrower for the actual cost of any appraisal, credit report, condominium document or subordination agreement document obtained at the written request of the borrower, and for other goods or services specified by regulation that are required to complete the application process and paid to a third-party provider at the borrower written request. Other choices: the charge is expressly additional; it sits outside the cap; and direct payment is not the only route. Source: Md. Com. Law § 12-804(b)(1)
Why This Is the Correct Answer
In addition to a finder fee a broker may charge a borrower for the actual cost of any appraisal, credit report, condominium document or subordination agreement document obtained at the written request of the borrower, and for other goods or services specified by regulation that are required to complete the application process and paid to a third-party provider at the borrower written request. Other choices: the charge is expressly additional; it sits outside the cap; and direct payment is not the only route. Source: Md. Com. Law § 12-804(b)(1)
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