Md. Code, Bus. Occ. & Prof. § 17-607.1

Current with changes from the 2024 Legislative Session
Section 17-607.1
(a) In this section, "commercial real estate" has the meaning stated in § 17-524.1 of this title.
(b) Except as otherwise provided in subsection (c) of this section, in a real estate transaction involving commercial real estate, a real estate broker, a nonresident real estate broker, an associate real estate broker, a real estate salesperson, a nonresident real estate salesperson, or a lawyer acting as a real estate broker may not require a buyer, as a condition of settlement, to employ a particular:
(1) title insurance company;
(2) settlement company;
(3) escrow company; or
(4) title lawyer.
(c) a seller may not be prohibited from offering owner financing as a condition of settlement.

Md. Code, BOP § 17-607.1

Added by 2024 Md. Laws, Ch. 199,Sec. 1, eff. 10/1/2024.
Added by 2024 Md. Laws, Ch. 198,Sec. 1, eff. 10/1/2024.