EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTING LAW .
[Brackets] indicate matter deleted from existing law.
*sb0441*
SENATE BILL 441
N1 5lr3392
CF 5lr1631
By: Senator Sydnor
Introduced and read first time: January 21, 2025
Assigned to: Judicial Proceedings
A BILL ENTITLED
AN ACT concerning 1
Real Property – New Home Sales – Entry of Final Sale Price in Multiple Listing 2
Service 3
FOR the purpose of requiring a developer, builder, broker, or real estate agent to enter the 4
final sale price of a new home into a multiple listing service or similarly accessible 5
database; and generally relating to the sale of new homes. 6
BY adding to 7
Article – Real Property 8
Section 10–804 9
Annotated Code of Maryland 10
(2023 Replacement Volume and 2024 Supplement) 11
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 12
That the Laws of Maryland read as follows: 13
Article – Real Property 14
10–804. 15
(A) IN THIS SECTION , “MULTIPLE LISTING SER VICE” MEANS A DATABASE 16
USED BY REAL ESTATE PROFESSIONALS TO FAC ILITATE THE SALE OF REAL 17
PROPERTY, INCLUDING USE IN THE PREPARATION OF MARKE T EVALUATIONS AND 18
APPRAISALS. 19
(B) WITHIN 30 DAYS AFTER THE SALE OF A NEW HOME IN THE STATE, A 20
DEVELOPER , BUILDER, BROKER, OR REAL ESTATE AGENT SHALL ENTER THE FINA L 21
SALE PRICE OF THE NE W HOME INTO A MULTIP LE LISTING SERVICE O R SIMILARLY 22
ACCESSIBLE DATABASE . 23
2 SENATE BILL 441
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 1
October 1, 2025. 2