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Bill > HB606
MD HB606
MD HB606Real Property - New Home Sales - Entry of Final Sale Price in Multiple Listing Service
summary
Introduced
01/23/2025
01/23/2025
In Committee
01/23/2025
01/23/2025
Crossed Over
Passed
Dead
04/08/2025
04/08/2025
Introduced Session
2025 Regular Session
Bill Summary
Requiring a developer, builder, broker, or real estate agent to enter the final sale price of a new home into a multiple listing service or similarly accessible database.
AI Summary
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. By mandating the entry of final sale prices, the bill aims to increase transparency in the real estate market by ensuring that sale price information is readily accessible to professionals who use MLS databases. The legislation will take effect on October 1, 2025, giving stakeholders time to prepare for and implement the new reporting requirement. The bill applies to new home sales throughout the state of Maryland and creates a standard practice for sharing sale price information among real estate professionals.
Committee Categories
Transportation and Infrastructure
Sponsors (31)
Kym Taylor (D)*,
Gabriel Acevero (D),
Jackie Addison (D),
Tiffany Alston (D),
Marlon Amprey (D),
Adrian Boafo (D),
Frank Conaway (D),
Charlotte Crutchfield (D),
Diana Fennell (D),
Kevin Harris (D),
Marvin Holmes (D),
Mary Lehman (D),
Ashanti Martínez (D),
Aletheia McCaskill (D),
Joseline Peña-Melnyk (D),
Scott Phillips (D),
Kent Roberson (D),
Denise Roberts (D),
Malcolm Ruff (D),
Sheree Sample-Hughes (D),
Karen Simpson (D),
Deni Taveras (D),
Karen Toles (D),
Veronica Turner (D),
Kris Valderrama (D),
Melissa Wells (D),
Jennifer White Holland (D),
Jheanelle Wilkins (D),
Nicole Williams (D),
Greg Wims (D),
Jamila Woods (D),
Last Action
House Environment and Transportation Hearing (13:00:00 2/11/2025 ) (on 02/11/2025)
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/HB0606?ys=2025RS |
| BillText | https://mgaleg.maryland.gov/2025RS/bills/hb/hb0606f.pdf |
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