Code of Maryland Regulations
Title 09 - MARYLAND DEPARTMENT OF LABOR
Subtitle 11 - REAL ESTATE COMMISSION
Chapter 09.11.07 - Code of Ethics
Section 09.11.07.02 - Guidelines

Universal Citation: MD Code Reg 09.11.07.02

Current through Register Vol. 51, No. 6, March 22, 2024

A. A licensed broker, associate broker, or salesperson acting as a seller's agent should obtain a written residential property condition disclosure statement or a written residential property disclaimer statement at the time the licensed broker, associate broker, or salesperson obtains the listing on the property.

B. The seller's agent should provide the disclosure statement or disclaimer statement to the prospective purchaser or to the buyer's agent assisting the purchaser promptly upon notification that an offer is going to be made. If the seller's agent does not know in advance that an offer is to be made, the seller's agent should provide the disclosure statement or disclaimer statement at the time the seller's agent receives the written offer.

C. The buyer's agent should make every effort to ensure that the prospective purchaser has the disclosure statement or the disclaimer statement in hand before submission of the offer to purchase the property.

Disclaimer: These regulations may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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