Real Property - New Home Sales - Entry of Final Sale Price in Multiple Listing Service

HB 606 requires real estate professionals - such as developers, builders, brokers, and agents - to report the final sale price of new homes sold in Maryland into a Multiple Listing Service (MLS) or similar public database within 30 days of the sale. This applies specifically to new home sales and directly affects those selling new properties. The key provision mandates that final sale prices, not initial listings, be entered into existing MLS systems used by real estate professionals. The bill takes effect October 1, 2025, aiming to increase transparency in new home pricing data without creating new reporting systems.