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§ 17-530.2. Disclosure and consent forms

West's Annotated Code of MarylandBusiness Occupations and ProfessionsEffective: October 1, 2016

West's Annotated Code of Maryland
Business Occupations and Professions
Title 17. Real Estate Brokers (Refs & Annos)
Subtitle 5. Miscellaneous Provisions (Refs & Annos)
Part III. Duties of Licensees
Effective: October 1, 2016
MD Code, Business Occupations & Professions, § 17-530.2
Formerly cited as MD BUS OCCUP & PROF § 17-530(e), (f)
§ 17-530.2. Disclosure and consent forms
Currentness
Standard forms
(a)(1) A licensed real estate broker, licensed associate real estate broker, or licensed real estate salesperson who participates in a residential real estate transaction shall utilize a standard disclosure form in each real estate transaction that includes the information specified in § 17-530(f) of this subtitle.
(2) A licensed real estate broker or branch office manager who acts as a dual agent and a licensed real estate associate broker or licensed real estate salesperson who acts as an intra-company agent in a real estate transaction shall utilize a standard consent form that includes the information specified in § 17-530.1(c) of this subtitle.
Availability and contents of disclosure and consent forms
(b)(1) The Commission shall prepare and provide:
(i) the standard disclosure form required under subsection (a)(1) of this section to each licensee in this State; and
(ii) the standard consent form for dual agency required under subsection (a)(2) of this section to each licensee in this State.
(2) The standard disclosure form and the standard consent form for dual agency shall be:
(i) written in a clear and coherent manner using words with common and everyday meanings;
(ii) appropriately divided and captioned by their various sections; and
(iii) printed in at least 10 point type.

Credits

Added as Business Occupations and Professions § 16-528(e), (f), by Acts 1994, c. 719, § 1, eff. Jan. 1, 1995. Renumbered as Business Occupations and Professions § 17-528 by Acts 1994, c. 3, § 13, eff. Feb. 28, 1994. Renumbered as Business Occupations and Professions § 17-530 and amended by Acts 1998, c. 628, § 1, eff. Jan. 1, 1999. Amended by Acts 2008, c. 282, § 1, eff. Oct. 1, 2008. Renumbered as Business Occupations and Professions § 17-530.2 and amended by Acts 2016, c. 311, § 1, eff. Oct. 1, 2016.
MD Code, Business Occupations & Professions, § 17-530.2, MD BUS OCCUP & PROF § 17-530.2
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.
End of Document