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Governor Signs MAR Record Keeping Bill | 05/13/2008 | On May 13th, Governor Martin O'Malley signed into law legislation requested by the Maryland Association of REALTORS® that would allow real estate licensees to dispose of certain real estate files 5 years after the transaction. The bills, SB 762 and HB 1316, were sponsored by Senator Joan Carter Conway (D-Baltimore City) and Delegate Michael Vaughn (D-Prince Georges). The legislation would also permit these files to be stored electronically.
In addition, the Governor signed another bill, SB 718, which was sponsored by Senator Kathy Klausmeier (D-Baltimore County). This legislation would extend liability protection to an innocent purchaser of a lead contaminated building. The legislation seeks to provide incentive for purchasers who would be willing to fix up a building and register it with the Maryland Department of Environment (MDE), but did not because of concern over the lliability created by previous owners. This legislation was based on a House of Delegates bill sponsored by Delegate Michael Weir (D-Baltimore County) that had passed the House of Delegates in previous sessions but that was never approved by the Senate.
For a description of all of the real estate bills signed by the Governor on May 13th click below.
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Governor Signs Real Estate Bills into Law | 04/24/2008 | On April 24, the Governor signed a number of real estate related bills into law, including measures that would: permit different delivery methods of pre-licensing courses; increase the enforcement powers of the Real Estate Commission; and reform the Critical Areas Law. Click below to see summaries of each of the bills.
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Foreclosure Law: Questions and Answers for Real Estate Agents | 04/18/2008 | The Governor's recently passed foreclosure bills contain specific requirements that may impact real estate agents. Read the following article to determine what your duties may be when dealing with a homeowner in default, and the new requirements for recording.
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Governor O'Malley Signs Emergency Legislation to Protect Homeownership | 04/04/2008 | The Governor joined with Senate President Thomas V. Mike Miller Jr., House Speaker Michael E. Busch, Lieutenant Governor Anthony G. Brown, community advocates and other officials Thursday, April 3rd, to sign emergency legislation that would help thousands of Maryland homeowners who are at risk of losing their homes and to prevent future generations of homeowners from losing their homes due to foreclosure. MAR participated in the Governor’s Homeownership Preservation Task Force prior to this General Session and the emergency, signed foreclosure bills are an effort to ensure impacted homeowners have a better opportunity for maintaining their homes. The measures include the following - Real Property – Recordation of Instruments Securing Mortgage Loans and Foreclosure of Mortgages and Deeds of Trust on Residential Property bill; The Real Property - Maryland Mortgage Fraud Protection Act; and The Protection of Homeowners in Foreclosure - Prohibition on Foreclosure Rescue Transactions – Enforcement.
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Short Sale and Foreclosure Resource Guide | 03/07/2008 | Calls to the MAR Legal Hotline indicate that a growing segment of members’ business is dealing with short sales. We have created this Resource Guide to assist you as a real estate professional in meeting these challenges. The information included in this guide covers general information about foreclosure and short sales, as well as articles, publications and useful links.
Guide for REALTORS
Guide for Consumers
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NEW Real Estate Commission Statement on Teams | 12/19/2007 | On November 21, 2007, the Maryland Real Estate Commission adopted a policy statement addressing teams that provide real estate brokerage services from within a real estate brokerage. The Commission also adopted a series of practice pointers concerning advertising and dual agency issues as they relate to team practice. The link below will take you the Commission's new statement on team practice.
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Anirban Basu's Leadership Day Presentation Posted | 12/03/2007 | Anirban Basu’s presentation from Leadership Day 2008 held on Monday, December 3rd. Please click on the link to download the presentation (Adobe Acrobat Reader Required)
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The Contribution of Real Estate to the Maryland Economy | 05/13/2007 | The Contribution of Real Estate to the Maryland Economy
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Workforce Housing Certification | 05/06/2007 | REALTOR®-consumer internet site with information about programs from HUD/FHA, Fannie Mae, Freddie Mac, the Maryland Department of Housing and Community Development, local governments and special initiatives from private sector lenders.
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Office Depot | 12/31/2006 | MAR is pleased to announce a new savings program for MAR members. We have partnered with the Office Depot Business Solutions Division to provide our members access to instant savings on Office Depot products and services. With the partnership, MAR members will quality for an instant 10% savings on office supplies and furniture, in-store design and printing services, promotional products, and tech depot products.
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