AlertsGeneralNewsResidential Real Estate Update Did you know … that the list of essential services was expanded to include “real estate services”?
April 1, 2020
As you may know, the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) issued guidance on operations and services that should continue during the COVID-19 response to ensure the continuity of functions critical to public health and safety, as well as economic and national security. In response to the efforts of the real estate industry, on March 28, 2020, CISA released updated guidance (Version 2.0) that now includes “Residential and commercial real estate services, including settlement services” within the list of essential services.
Did You Know… … that Maryland residents can travel to and from an Essential Business in order to conduct a real estate settlement?
March 30, 2020
As you may know, the outbreak of COVID-19 has resulted in the issuance of several Executive Orders by Governor Hogan. Today, Governor Hogan issued a stay-at-home order (Executive Order 20-03-30-01) that requires, among other things, Non-Essential Businesses to remain closed to the general public and Maryland residents to stay in their homes or places of residence except to conduct or participate in Essential Activities, which includes obtaining necessary supplies or services for one’s self or household.
Did you Know… that Banks are Experiencing Wire Room Delays as a Result of COVID-19?
March 27, 2020
As you may know, any funds required for a real estate transaction must be “good funds,” meaning that the funds must be deposited in the settlement company’s escrow account at the time of closing and immediately available for disbursement after settlement is complete.
Condominium & Mixed-Use Development Law Alert: District of Columbia Warranty Amendment Act of 2020
March 4, 2020
The District of Columbia Warranty Amendment Act of 2020 (“Act”) currently before the D.C. Council will, if enacted, have a profound impact on condominium registration applications filed by developers in the District.
Did you know that Montgomery County has enacted a new Landlord-Tenant Bill?
February 7, 2020
On January 24, 2020, the Montgomery County Council signed Bill 18-19 into law, which requires landlords to provide certain accommodations to tenants who are displaced due to condemnation of a rental home.
Did you know that the DC Council recently passed a bill that will increase recordation and transfer taxes to 5% on certain commercial transactions?
June 27, 2019
Did you know that the DC Council recently passed a bill that will increase recordation and transfer taxes to 5% […]
Did you know that GCAAR released revised forms on February 1, 2019? Part 2: Addendum of Clauses
March 29, 2019
We will be discussing the key changes in a series of posts relating to the revised forms. In our last […]
Did you know that GCAAR released revised forms on February 1, 2019?
March 15, 2019
We will discuss the key revisions in a series of posts relating to the revised forms. This first post will […]
