CHAPTER 40. REAL PROPERTY — REGULATIONS

COMCOR 40.12C.01   Advertisements Subject to Property Tax Disclosure Requirements

COMCOR 40.12C.01 Advertisements Subject to Property Tax Disclosure Requirements

40.12C.01.01

This Executive Regulation defines the phrase “any written or electronically transmitted material that a seller produces or distributes in connection with the advertisement for sale of specific residential real property” as used in Section 40-12C of the County Code.

      (a)   Any “written or electronically transmitted material that a seller produces or distributes in connection with the advertisement for sale of a specific residential real property,” as used in County Code § 40-12C, includes:

         (1)   all printed sales material available on site or at an “open house;”

         (2)   any information about a specific property for sale which is available on the Internet or in a web page; and

         (3)   any written material which specifies the amount of tax the seller currently pays or recently paid.

      (b)   Any “written or electronically transmitted material that a seller produces or distributes in connection with the advertisement for sale of a specific residential real property,” as used in County Code § 40-12C, does not include, unless the material specifies the amount of tax the seller currently pays or recently paid:

         (1)   a newspaper or magazine classified “liner” advertisement or a “group display” advertisement in which the advertisement for a specific house is less than 16 square inches;

         (2)   one or more introductory screen listings for a specific property on the Internet, which may contain the asking price, as long as the disclosure required by § 40-12C appears on the Internet listing in any later or linked screen which provides further financial details about the property;

         (3)   a “For Sale” sign posted at or near a property; or

         (4)   a radio or television advertisement.