Bill > SB441

This bill requires developers, builders, brokers, and real estate agents to enter the final sale price of a new home into a multiple listing service (MLS) within 30 days of the sale. A multiple listing service is defined as a database used by real estate professionals to help facilitate property sales and prepare market evaluations and appraisals. The bill applies to new home sales throughout Maryland and will take effect on October 1, 2025. By mandating the entry of final sale prices into an accessible database, the legislation aims to increase transparency in real estate transactions and provide more accurate market information for professionals and potential buyers. The requirement applies to a broad range of real estate professionals involved in new home sales, ensuring comprehensive reporting of sale prices across the state.

Justice

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0441?ys=2025RS