Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses
Sponsor: Denise Roberts (District 25)Committee: Economic MattersSubject: Real PropertyStatus: First Reading Judicial Proceedings (as of Sep 4, 2026)
What this bill does
Official synopsis
Altering the definition of 'contingency clause' as the term applies to the circumstances under which a residential real estate contract may be terminated by a purchaser; and altering the time period from 30 days to 5 days, within which a holder of trust money must distribute trust money to a purchaser.
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Testimony (2)
MGA witness listFAV 2Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | May, Lisalobbyist | Maryland REALTORS | Oral + Written (PDF) |
| FAV | Delegate Roberts, Delegate Robertslegislator | Individual | Oral |
Organizations on record
Maryland REALTORSFAV 1