Maryland Legislative Bills
4 legislative bills tracked for real estate wholesalers & investors
Last synced: 4h ago
Children in Unlicensed Settings and Pediatric Hospital Overstay Patients - Placement
Summary
- This bill prohibits placing children in unlicensed settings and establishes various councils and panels to oversee the care and placement of children and youth in Maryland
- It aims to enhance the oversight and management of out-of-home placements by the Social Services Administration
What This Means for Wholesalers
- This bill does not directly address real estate wholesaling practices or regulations
- Therefore, it is unlikely to have any significant impact on wholesalers in Maryland
Child Placement Services - Advertising by Unlicensed Person - Prohibition
Summary
- This bill prohibits individuals from advertising adoption services in Maryland unless they are licensed by the Social Services Administration
- It allows the Administration to notify the Attorney General about violations and empowers the Attorney General to seek damages for such violations
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers as it pertains specifically to adoption services and licensing requirements for those services
- Wholesalers in real estate are not affected by this legislation regarding advertising practices
Wholesale Disclosure Requirements
Summary
- Wholesalers must disclose intent to assign or sell equitable interest
- Property owner can cancel contract without penalty if disclosures are not made
- Wholesaler must clarify they may not be able to convey property title to assignee
- Companion bill SB 160/Chapter 509 provides identical protections
What This Means for Wholesalers
- Property owner can cancel contract without penalty if disclosures are not made
- Wholesaler must clarify they may not be able to convey property title to assignee
- Companion bill SB 160/Chapter 509 provides identical protections
Contract Assignment Transparency Act
Summary
- Requires all assignment agreements to be in writing and signed by all parties
- Mandates plain-language disclosure of assignment fee
- Creates a 7-day rescission period for sellers in assignment contracts
What This Means for Wholesalers
- Mandates plain-language disclosure of assignment fee
- Creates a 7-day rescission period for sellers in assignment contracts
Frequently Asked Questions — Maryland Real Estate Law
Common questions about wholesaling regulations and investor requirements in Maryland.
Maryland’s HB 124, effective October 1, 2025, requires wholesalers to disclose their intent to assign or sell equitable interest in a property. The law mandates clear communication that wholesalers might not be able to convey the property title to the assignee. Additionally, property owners can cancel contracts without penalty if these disclosures are not made. This legislation aims to increase transparency in real estate investing in Maryland.
HB 124 enforces stricter disclosure requirements for wholesalers, ensuring that sellers fully understand the nature of the contract. Real estate investors must comply by clearly stating their intent and the assignment terms to avoid contract cancellations. This promotes ethical wholesaling practices and protects property owners from misleading agreements.
HB 1177 is currently in progress and, if enacted by June 1, 2024, will require all assignment agreements related to real estate wholesaling to be in writing and signed by all parties involved. It also mandates clear disclosure of any assignment fees in plain language and creates a seven-day rescission period for sellers to cancel assignment contracts.
Once implemented, HB 1177 will provide greater transparency by ensuring assignment fees are clearly disclosed to sellers upfront. The seven-day rescission period gives sellers a chance to reconsider their agreement without penalty, making the wholesaling process fairer and more regulated for everyone involved in Maryland real estate wholesaling.
Yes, SB 160/Chapter 509 is a companion bill to HB 124 and provides identical protections regarding wholesaling disclosure requirements. Both bills work together to safeguard property owners and enhance the integrity of real estate investing in Maryland.
Wholesalers should ensure all contracts clearly disclose their intent to assign interests, any applicable fees, and the possibility that they may not convey title. They must provide written agreements signed by all parties and be prepared to honor a seller’s right to rescind within seven days (if HB 1177 passes). Staying informed and transparent is key to complying with evolving Maryland real estate wholesaling laws.
Transparency protects both sellers and investors by setting clear expectations around contract terms, fees, and obligations. With new legislation focusing on disclosure, Maryland real estate wholesaling is becoming more professional and trustworthy, reducing disputes and fostering a healthier investment market.
Sellers should carefully review all disclosure statements and assignment agreements. Under HB 124 and pending HB 1177, sellers have the right to cancel contracts without penalty if disclosures are inadequate or within a rescission period, ensuring they are not locked into unfavorable or unclear deals.
- HB 1177 (Contract Assignment Transparency Act) is targeted for implementation on June 1, 2024 (pending enactment). - HB 124 (Wholesale Disclosure Requirements) took effect on October 1, 2025. Investors and wholesalers should monitor any updates or amendments to these laws. Keywords: Maryland real estate wholesaling laws, real estate investing in Maryland, Maryland assignment contracts, wholesaling disclosure requirements, Maryland real estate legislation 2024, real estate investor regulations Maryland.
Not legal advice. Consult a licensed real estate attorney in Maryland for guidance on compliance.