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Bill

SB 384

Real Estate Brokers - Residential Real Estate Transactions - Transaction Brokers

2026 Regular Session Introduced by Mary Beth Carozza and 1 co-sponsor

SB 384 revises Maryland regulations on residential real estate transaction brokers' duties and responsibilities, affecting consumer protections in home sales.

Hearing 2/19 at 1:00 p.m.
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Bill Summary · SB 384

Legislative bill overview

SB 384 modifies Maryland's regulations governing how real estate brokers operate in residential transactions, specifically addressing the role and responsibilities of transaction brokers. The bill appears to clarify broker duties, fiduciary obligations, or disclosure requirements in residential real estate sales, though specific amendments are not detailed in the action summary provided.

Why is this important

Real estate transactions represent some of the largest financial decisions consumers make, and broker regulations directly affect consumer protections and market transparency. Changes to transaction broker rules can impact how clearly buyers and sellers understand who represents their interests and what disclosures they receive before signing contracts.

Potential points of contention

  • Consumer protection vs. industry flexibility: Consumer advocates may want stronger disclosure and fiduciary duties, while brokers may resist requirements they consider burdensome or costly
  • Dual agency clarity: How transaction brokers balance obligations when representing both buyers and sellers simultaneously often generates debate about potential conflicts of interest
  • Implementation costs: Real estate industry compliance with new broker standards may increase operational costs that could be passed to consumers through higher fees or commissions

Compiled from official sources — confirm details with the bill’s official record.

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