Governor Signs Three REALTOR Bills into Law

On April 29th, Governor Larry Hogan signed three REALTOR® priorities into law.  The bills permanently extend state tax relief for forgiven mortgage debt, mandate written agreements for third parties holding escrow money, and clarify confidentiality rules for real estate agents.

Summary of 2019 Maryland General Assembly

The Legislature ended for the year on a sad note with the passing of Speaker Mike Busch -- a great friend of our industry and tremendous leader in Maryland.  Click the following link for a brief Sine Die Report 2019 or for a more detailed Legislative Summary, further below. Four of Maryland REALTORS® top five priorities passed this year, including: escrow agreement legislation; permanent extension of mortgage debt forgiveness tax deduction; clarification of agent's confidentiality duties; and authorization of remote notarization in Maryland.

click for 2019 legislative summary