Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 09. Maryland Department of Labor |
Subtitle 11. REAL ESTATE COMMISSION |
Chapter 09.11.07. Residential Property Disclosure/Disclaimer Statement |
Sec. 09.11.07.02. Guidelines
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A. A licensed broker, associate broker, or salesperson acting as a sellers agent should obtain a written residential property condition disclosure statement or a written residential property disclaimer statement at the time the licensed broker, associate broker, or salesperson obtains the listing on the property.
B. The sellers agent should provide the disclosure statement or disclaimer statement to the prospective purchaser or to the buyers agent assisting the purchaser promptly upon notification that an offer is going to be made. If the sellers agent does not know in advance that an offer is to be made, the sellers agent should provide the disclosure statement or disclaimer statement at the time the sellers agent receives the written offer.
C. The buyers agent should make every effort to ensure that the prospective purchaser has the disclosure statement or the disclaimer statement in hand before submission of the offer to purchase the property.