Md. Code, Business Occupations and Professions § 17-607.1
This is the official text of Md. Code, Business Occupations and Professions § 17-607.1, part of Maryland’s Code, Business Occupations and Professions — governs professional and occupational licensing.
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§17–607.
Official statutory text
§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.
(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.
Status: in_force · Read it on the official government site
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