(a)(1) Each registrant shall display its home builder registration number conspicuously on all properties at which the registrant is performing work that requires registration under this title.
(2) If a registrant is building multiple homes in one project area or subdivision, the registrant may post its home builder registration number in one central conspicuous location in the project area or subdivision.
(b) Each registered sales representative shall display the registration certificate conspicuously at the property at which the registered sales representative primarily performs work that requires registration under this title.
(c)(1) A home builder shall provide each prospective home buyer with a disclosure that states: “The sales representative works for the home builder, which means that he or she may assist the buyer in purchasing the property, but his or her duty of loyalty is only to the home builder.”.
(2) The disclosure under paragraph (1) of this subsection shall be in at least 12-point bold type and shall be included with:
(i) any written materials made available to consumers at the property at which a registered sales representative primarily performs work that requires registration under this title; and
(ii) the first agreement signed by the consumer.
Credits
Added by Acts 2000, c. 522, § 1, eff. Jan. 1, 2001. Amended by Acts 2008, c. 480, § 1, eff. Oct. 1, 2008; Acts 2008, c. 481, § 1, eff. Oct. 1, 2008.
MD Code, Business Regulation, § 4.5-307, MD BUS REG § 4.5-307
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
