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

Maryland · Maryland Code, Business Occupations and Professions · Status: effective

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Citation: Md. Code, Bus. Occ. & Prof. § 17-607.1, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1750652
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(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.