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Very Important Guidance for Condo and HOA Docs for Maryland Home Buyers

 
Deposit Refunds Because of Condo or HOA Documents
 

 
Please note the part where the seller can keep the cost associated with the resale package even if the buyer decides to walk
 
The following was taken form the real estate conmmision site and its purpose is to inform the public of these laws when purchasing condos and townhouses  in Maryland . .as written!
 
"MAR represents Maryland REALTORS® by making your voice heard in Congress and at the State Legislature. Our primary concern is protecting your professional and business interests. Our Legislative and Public Policy Committees develop a straightforward political agenda to:Support and develop legislation that helps our industry, and Oppose legislation that hurts the free transfer of real estate. The Legislative Committee typically reviews over 200 pieces of legislation and regulations each year.
Deposit Refunds-- Rescission of Condo or HOA Contract By Kathie Connelly
Executive Director of the Maryland Real Estate Commission
 
At recent monthly meetings, the Maryland Real Estate Commission provided guidance to real estate brokers holding earnest money deposits for buyers who are entitled to cancel a residential contract of sale, either because condominium or homeowners association documents are not provided by the seller, or the buyer exercises the right to ... more

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