WeVote
Log In

Bill

Bill

HB 920

Real Property - New Home Sales - Entry of Final Sale Price in Multiple Listing Service

2026 Regular Session Introduced by Jackie Addison and 27 co-sponsors

Maryland requires real estate agents to promptly report final new home sale prices to the MLS to improve market transparency for buyers and appraisers.

First Reading Economic Matters
0
WeVote Research Nonpartisan
Bill Summary · HB 920

Legislative bill overview

HB 920 requires real estate agents to enter the final sale price of new homes into the Multiple Listing Service (MLS) within a specified timeframe. The bill addresses transparency in residential real estate transactions by mandating timely disclosure of actual sale prices for newly constructed properties, which can differ significantly from list prices.

Why is this important

Final sale price data in the MLS enables buyers, sellers, appraisers, and policymakers to make informed decisions about property values and market trends. Delayed or missing price information can distort market analysis, affect appraisals for subsequent transactions, and prevent consumers from understanding true market conditions in their area.

Potential points of contention

  • Competitive concerns: Real estate agents or builders may argue that mandatory rapid disclosure of sale prices could disadvantage sellers in future negotiations or reveal proprietary business information
  • Implementation costs: MLS systems and real estate firms may face compliance costs to update technology and processes to meet new reporting timelines
  • Scope ambiguity: The bill's specific deadlines and which properties qualify as "new homes" may be unclear, potentially creating enforcement challenges or uneven application across different jurisdictions

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

Sign in to ask a question.