# Business Occupations and Professions (GBO)

## Title 17. Real Estate Brokers

### Subtitle 5. Miscellaneous Provisions

#### Section 17-524

(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.

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Md. Code Ann., Bus. Occ. & Prof. (as displayed at mgaleg.maryland.gov, October 16, 2026)