§ 17-607.1

Md. Code, Business Occupations and Professions § 17-607.1, under Article — Business Occupations and Professions.

Md. Code, Business Occupations and Professions § 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.