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2017 Maryland Code
Business Occupations and Professions
Title 17 - Real Estate Brokers
Subtitle 5 - Miscellaneous Provisions
Part III - Duties of Licensees
§ 17-530.2. Standard disclosure or consent form.
Universal Citation:
MD Bus Occ & Prof Code § 17-530.2 (2017)
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- (a) In general. --
- (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.
- (b) Commission to prepare forms; requirements. --
- (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.
- (1) The Commission shall prepare and provide:
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