Real Estate - Real Estate Brokerage Services and Termination of Residential Real Estate Contracts (The Anthony Moorman Act)
Sponsor: Melissa Wells (District 40)Committee: Environment and TransportationSubject: Real PropertyStatus: Rereferred to Judicial Proceedings (as of Nov 9, 2023)
What this bill does
Official synopsis
Requiring a real estate broker or an escrow agent, if a purchaser terminates a certain transaction under certain circumstances, to distribute trust money to the purchaser within 30 days after a certain written notice of the termination is sent; requiring a holder of trust money who makes a certain distribution to notify the seller and purchaser of the distribution within a certain period of time, subject to a certain exception; etc.
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Testimony (3)
MGA witness listFAV 3Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | May, Lisalobbyist | Maryland REALTORS | Written (PDF) |
| FAV | Boston, Frank | Individual | Position only |
| FAV | Delegate Wells, Delegate Wellslegislator | Individual | Oral |
Organizations on record
Maryland REALTORSFAV 1