Maryland SB811 requires developers, builders, brokers, or real estate agents to enter the final sale price of a new home into a multiple listing.
Maryland SB811 mandates that developers, builders, brokers, or real estate agents enter the final sale price of a new home into a multiple listing service or similarly accessible database within days after the sale. This law aims to ensure transparency in the real estate market by making the final sale price of new homes readily available to real estate professionals. The multiple listing service is defined as a database used by real estate professionals to facilitate the sale of real property, including use in the preparation of market evaluations and appraisals.
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