Maryland § 17-524.1
Full text of Maryland Maryland Code § 17-524.1, with citation guidance and answers to common questions.
§ 17-524.1.
(a) (1) In this section, “commercial real estate” means:
(i) real property improved by five or more single–family units;
(ii) improved and unimproved real property zoned for commercial, industrial, or nonresidential use by the local zoning authority of the county or municipality in which the property is located; or
(iii) unimproved real property zoned for improvement as multifamily units by the local zoning authority of the county or municipality in which the property is located.
(2) “Commercial real estate” does not include:
(i) property zoned for agricultural use; and
(ii) single–family units, including a condominium or co–op unit, for sale or for lease, or otherwise conveyed or to be conveyed on a single basis.
(b) Each real estate contract submitted to a party by a real estate broker, a nonresident real estate broker, an associate real estate broker, a real estate salesperson, or a nonresident real estate salesperson for use in the sale of commercial real estate 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; or
(4) title lawyer.
(c) The statement required under subsection (b) 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.
Frequently Asked Questions About Maryland § 17-524.1
What does Maryland Code § 17-524.1 cover?
Section 17-524.1 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 17-524.1?
A common citation format is "Maryland Code § 17-524.1" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 17-524.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.