Lauren Bunting Broker MD & DE

Real estate bills pass MD General Assembly

Friday, July 14, 2023,

 As a continuation to past two weeks’ articles, below are items that passed from the report on the 2023 Maryland General Assembly session. Next week’s article will complete reporting on the list of real estate- related legislation.

SB 579/HB 728 – Residential Property - Service Agreements – Prohibitions, effective June 1

Service agreements which bind a property owner to a future contract for the maintenance, purchase, or sale of residential property may not be in effect for longer than one year or be recorded as a lien against the property.

SB 443/HB 662 – Real Estate Brokers, Salespersons, and Associate Brokers - Continuing Education Courses, effective Oct. 1

The 15-hour continuing education requirement for a new licensee’s first renewal period will consist of required classes in contracts, disclosures, property management, advertising, deposits, professionalism, condominium and HOA laws, and real estate financing.

SB 651/HB 1235 – Real Estate - Real Estate Brokerage Services and Termination of Residential Real Estate Contracts (The Anthony Moorman Act), effective Oct. 1

When a buyer properly terminates a real estate contract, the holder of the escrow funds shall return the buyer’s deposit within 30 days. Sellers may object by filing for mediation or initiating court action within 10 days of receiving notice of the deposit release.

HB 1225 – Real Estate Brokers - Disability or Death and Termination of Employment of a Broker, effective Oct. 1

This bill allows the owner of a real estate company to remove a terminated broker and petition the Real Estate Commission to reissue a certificate and pocket card to another broker.

HB 11/SB 483 – Private Well Safety Act, effective Oct. 1

The bill requires that properties with a private or domestic water supply undergo water quality testing as a condition of sale.

Buyers may waive the water quality testing requirements in writing, and test results are valid for three years.

HB 98/SB 403 – Condominiums - Mandatory Insurance Coverage – Alterations, Oct. 1, 2023

Allows detached condominium units to obtain property insurance coverage as HOAs, with unit owners insuring their individual dwellings and the association insuring common areas.

Lauren Bunting is a Broker with Keller Williams Realty of Delmarva in Ocean City, Maryland.

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Thank you so much for all of your hard work. We are so excited to move into the perfect house for us, and couldn't have done it without your guidance.

Megan and Brandon Cater

My friend was right, you are the hardest working realtor, bar none. I honestly don't think that I would have gotten through this house selling process without you.

Brenda Burbage

Lauren made first time homebuying extremely approachable, and took the time to educate me on everything involved in the process.

Amanda Hanke and Keri Swigert

Thank you for all of your hard work and dedication that made this purchase possible. You advocate for your clients and I highly regard you for it. You made it possible for me and my family to achieve our goal of homeownership.

Tom Harutyunyan

Thank you so much for the very wonderful, professional job you did with selling our property. You will always be special to me.

Penny Carley

We want to say a sincere "Thank You" for all you've done for us! We know at times the road seemed never ending. Thank you for always staying positive even through our ups and downs of this process. We appreciate all you do!

Mike and Patty Locke

Lauren's extensive knowledge of the local real estate market proved to be invaluable during the purchase of our first home.

Allison Shockley and Patrick Molloy

Lauren is very easy to work with. She has helped me sell and buy homes in the area and has always been hard working and professional.

Jennifer K. Leggour

Lauren went through tremendous lengths to look out for us every step of the way all the way to the very end. If you are in need of a real estate agent who will treat your transaction as if it were their own and provide you with nothing less than A+ service you will be in good hands with Lauren.

Shireen and Mark Ambush

We were referred to Lauren by a good friend, and we couldn’t have been placed in better hands. Lauren went above and beyond in every way, throughout the entire process.

Liz Young

Lauren Bunting was our realtor when we recently sold two homes- one in Maryland and the other one in Delaware. To say we were very satisfied with all she did for us is an understatement!

Janet and Bruce Lathbury

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