§ 40-15. Definitions; scope.  


Latest version.
  • (a) In this article, the following words have the meaning indicated:
    New home means any newly constructed dwelling unit. "New home" includes any single- family home, townhouse, row house, or condominium which has not been previously sold and occupied.
    Buyer means the original buyer of a new home.
    Buyer's agent means any person expressly designated by the buyer to serve as the buyer's representative at a pre-settlement inspection. "Buyer's agent" does not include an employee or agent of the seller.
    Seller means any person or firm engaged in the business of selling new homes, or to whom a new home has been conveyed for resale in the course of business.
    Seller's agent includes an employee of a seller or an independent, licensed real estate agent representing a seller.
    (b) This article applies to any contract for the sale of a new home entered into on or after March 15, 1989. It applies to all new homes sold in Montgomery County, whether the new home is built before or after the date of the contract.
    (c) The conveyance of a new home to an intermediate person to evade any liability or obligations to a buyer under this article or any other law does not remove the new home from the requirements of this article. (1989 L.M.C., ch. 25, § 1.)