Once property becomes registered with a title adjudicated by a court, a procedure has to be adhered to within Land Court to ensure that transactions are conducted properly. According to Edward Smith, a real estate and government relations attorney who worked on the bill, those procedures are no longer necessary. "We now have title insurance," Smith tells GlobeSt.com, "and other imperatives in the marketplace that diminish the need for procedures."

According to Smith, it is in the interest of any developer to have their land treated as unregistered land, but until this bill only the state was allowed to take registered land out of the system. Now, landowners can withdraw their land from registration, but, says Smith, only commercial developers will probably take advantage of this.

"Developers want quick and easy transactions that don't require Land Court," he says. "There are too many benefits for residential landowners in registered land that any lawyer would advise them not to do this."