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Does Maryland Require a Seller Disclosure? Yes, Maryland law mandates that sellers of residential real estate complete a form known as the Residential Property Disclosure and Disclaimer Statement, as outlined in Md.
Who is required to complete the Maryland Residential property Disclosure Disclaimer Statement?
Sellers of single-family residential real properties are required to provide a property condition disclosure or disclaimer statement to prospective buyers. The requirement to provide a property condition disclosure or disclaimer statement applies only to sellers who are represented by a real estate licensee.
What is the disclosure law in Maryland?
Code 10-702, requires sellers of residential real estate to complete a formknown as the Residential Property Disclosure and Disclaimer Statementsetting forth conditions and defects with the property.
Is Maryland a full disclosure state?
Maryland is somewhat unique in that sellers can choose between either giving the buyer a disclosure of known defects or a disclaimer as to the condition of the house (but not both). In the latter case, you would be selling the property as is, but must at least mention any known latent defects.
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