What is considered an unfair trade practice in Maryland real estate?

Misrepresentation of property facts is considered an unfair trade practice in Maryland real estate because it involves providing false or misleading information about a property that can influence a buyer's decision. This type of conduct undermines the trust that is essential in real estate transactions and can lead to legal ramifications for agents or brokers involved.

When real estate professionals inaccurately represent features such as property size, condition, or any aspects that materially affect a buyer's decision, they are essentially deceiving the customer. This violation not only contravenes ethical standards but also breaches state laws designed to protect consumers in real estate dealings. Licensing authorities take such misconduct seriously, as it can lead to punitive actions, including fines or the loss of a real estate license.

In contrast, providing a property disclosure is part of a seller's responsibility to inform potential buyers about known issues. Charging lower commissions is a legitimate practice that can be part of competitive business strategies, while offering incentives to buyers, such as closing cost assistance, is a common marketing approach that is generally permissible as long as it is disclosed appropriately.