Md. Code Ann., Bus. Occ. & Prof. § 17-607.1 – Commercial real estate contract settlement conditions, prohibitions

(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. (1) title insurance company;
2. (2) settlement company;
3. (3) escrow company; or
4. (4) title lawyer.
(c) A seller may not be prohibited from offering owner financing as a condition of settlement.

Added by Acts 2024, c. 198, § 1, eff. Oct. 1, 2024; Acts 2024, c. 199, § 1, eff. Oct. 1, 2024.