§ 17–524
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Occ. & Prof. § 17-524 (2026)
Title 17. Real Estate Brokers
Subtitle 5. Miscellaneous Provisions
§ 17–524LinkCopy Citation
(a)
Each real estate contract submitted to a party by a real estate broker, an associate real estate broker, or a real estate salesperson for use in the sale of a single-family dwelling shall contain, in bold-faced type, a statement that the buyer has the right to select the buyer’s own:
(1)
title insurance company;
(2)
settlement company;
(3)
escrow company;
(4)
mortgage lender, or financial institution as defined in the Financial Institutions Article; or
(5)
title lawyer.
(b)
The statement required under subsection (a) of this section shall also contain, in bold-faced type, a statement that a seller may not be prohibited from offering owner financing as a condition of settlement.
(c)
A real estate contract is not rendered invalid by the omission of the statement to the buyer required under subsections (a) and (b) of this section.