summary
Introduced
02/05/2024
02/05/2024
In Committee
02/05/2024
02/05/2024
Crossed Over
Passed
Dead
04/08/2024
04/08/2024
Introduced Session
2024 Regular Session
Bill Summary
Prohibiting a contract of sale for single-family residential real property from containing the name of an individual buyer prior to acceptance of the contract of sale by the seller; and applying the Act prospectively.
AI Summary
This bill prohibits a contract of sale for single-family residential real property from containing the name of an individual buyer prior to the seller's acceptance of the contract. It aims to eliminate bias, intentional or otherwise, in housing decisions by removing the buyer's name from the contract before the seller accepts it. The bill also requires the individual buyer to execute a buyer-broker agreement or an unrepresented buyer agreement with the buyer's real estate broker, which includes statements about the buyer's status and intentions. The bill applies prospectively and takes effect on October 1, 2025.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
House Environment and Transportation Hearing (13:00:00 2/27/2024 ) (on 02/27/2024)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1000?ys=2024RS |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb1000f.pdf |
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