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<section article="gbo" article_name="Business Occupations and Professions" number="17-530.2" title_number="17" title_name="Real Estate Brokers" subtitle_number="5" subtitle_name="Miscellaneous Provisions">
  <level label="a">
    <level label="1">
      <text>A licensed real estate broker, licensed associate real estate broker, or licensed real estate salesperson who participates in a residential real estate transaction shall utilize a standard disclosure form in each real estate transaction that includes the information specified in § 17–530(f) of this subtitle.</text>
    </level>
    <level label="2">
      <text>A licensed real estate broker or branch office manager who acts as a dual agent and a licensed real estate associate broker or licensed real estate salesperson who acts as an intra–company agent in a real estate transaction  shall utilize a standard consent form that includes the information specified in § 17–530.1(c) of this subtitle.</text>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>The Commission shall prepare and provide:</text>
      <level label="i">
        <text>the standard disclosure form required under subsection (a)(1) of this section to each licensee in this State; and</text>
      </level>
      <level label="ii">
        <text>the standard consent form for dual agency required under subsection (a)(2) of this section to each licensee in this State.</text>
      </level>
    </level>
    <level label="2">
      <text>The standard disclosure form and the standard consent form for dual agency shall be:</text>
      <level label="i">
        <text>written in a clear and coherent manner using words with common and everyday meanings;</text>
      </level>
      <level label="ii">
        <text>appropriately divided and captioned by their various sections; and</text>
      </level>
      <level label="iii">
        <text>printed in at least 10 point type.</text>
      </level>
    </level>
  </level>
</section>
