Customary in the state of Maryland is a split of transfer and recordation charges between a buyer and a seller. Section 14-104(b) of the Real Property Article, Annotated Code of Maryland provides ...
Read moreLauren's Blog
Clearing air on withholding taxes
Anyone who sells a property in Maryland, but is a “non-resident” of the state of Maryland, must pay a withholding tax at the time of the sale of their property.The Maryland Office of the Comptroller, ...
Read moreNational association offers many training opportunities
The National Association of REALTORS® offers a training program for its membership called C2EX, or the REALTORS® Commitment to Excellence. Under this program, REALTORS® strive for excellence in a number ...
Read moreWebsite provides valuable resources for homeowners
MarylandHomeownership.com is a resource to help Marylanders navigate their home ownership journey with ease. The site is owned and managed by Maryland REALTORS®, the professional trade association ...
Read moreAugust Housing Statistics
Maryland Realtors recently released housing statistics for August, showing that housing sales fell 5.9% to 6,169 units, versus 6,559 units sold in 2023; the average sales price rose 4.4% to $499,050; ...
Read moreLatest renters’ rights law to protect tenants
A new law taking effect on Oct. 1, is the Renters’ Rights and Stabilization Act of 2024.The law has some significant changes to tenant/landlord law and how leases are required to be drafted and followed. ...
Read moreCAR offering Coastal Area Local Specialist program
The Coastal Association of Realtors (CAR), who represent Worcester, Wicomico and Somerset counties, now offers a two-day continuing education certification program for licensed Realtors called the Coastal ...
Read moreNational program’s goal to educate Realtors on safety
September is Realtor safety month.The National Association of Realtors has a Realtor Safety Program with a goal is to educate members about the potential dangers faced on the job. This is to raise awareness ...
Read moreReal estate law on asbestos to take effect later this year
Starting Oct, 1 of this year, a new Maryland law affecting condominium sales will take effect.The law establishes the unenforceability of contracts for the sale of condominium units that do not contain ...
Read moreNew real estate rules now in effect
New National Association of Realtors rules are in effect as of last Saturday, Aug. 17, following a class action lawsuit brought on by sellers in the Sitzer/Burnett case that prompted numerous practice ...
Read moreWhen to know if you’re ready to buy second, vacation home
A second home/vacation home: the ability to have a place you can escape to for relaxation from work and a place to make memories with family and friends. How do you know you are ready financially? You ...
Read moreHomeAbility helps buyers with disabilities
The Maryland Mortgage Program (MMP) offers a special loan product called HomeAbility, and it’s designed to assist Maryland homebuyers with disabilities finance their home purchase. This is a Conventional ...
Read moreAgents had to adjust after inspection process changes
It’s been about two years now since Maryland Realtors made changes to how property inspections are handled within the state contract of sale.The new process calls for property inspections to either ...
Read moreAdvantages of solar systems
Solar panels on a home can be a great selling advantage, one that provides very affordable utility bills.This type of technology is called a solar photovoltaic, or PV, panel system, or solar system. Solar ...
Read moreProperty appeal process available
With property reassessments going out last month for much of Worcester County, property owners might be wondering what their options are if they disagree with the values the county assessment office has ...
Read moreRecent Posts
- Buyer, seller often share recordation, transfer charges
- Clearing air on withholding taxes
- National association offers many training opportunities
- Website provides valuable resources for homeowners
- August Housing Statistics
- Latest renters’ rights law to protect tenants
- CAR offering Coastal Area Local Specialist program
- National program’s goal to educate Realtors on safety
- Real estate law on asbestos to take effect later this year
- New real estate rules now in effect
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