Maryland Statutes
Part II - General Miscellaneous Provisions
Section 17-524 - Notice of Buyer's Right of Selection

(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.

Structure Maryland Statutes