R E A L E S TAT E \\
Three Truths to Understand
ABOUT REAL ESTATE
BY KAREN HIGHLAND, COMMUNICATIONS DIRECTOR, FREDERICK COUNTY ASSOCIATION OF REALTORS
Many real estate professionals would love to provide more insight and
education to the general public about three topics: Buyer Agency Laws,
Representation, and Local Market Supply and Demand.
1. Buyer Agency Laws in Maryland
Maryland is known to be a progressive consumer advocacy state.
Buyer Agency was introduced in the late 1990s and is an example of
the way Maryland was ahead of many states in protecting the interests
of home buyers. If you’ve purchased a home in Maryland any time
since 1999, then you should have been made aware of Maryland
Agency Laws—who represents whom in a real estate transaction.
The Maryland Real Estate Commission is responsible for overseeing
the nearly 40,000 licensed real estate salespeople and brokers
throughout the state. The Commission's job is to protect the general
public by establishing and enforcing professional standards and
informing the pub