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Session Laws, 1910 Session
Volume 487, Page 5   View pdf image (33K)
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LAWS OF MARYLAND

MARYLAND, Sct:

At a session of the General Assembly of Maryland, begun and
field in the City of Annapolis, on the fifth day of Janu-
ary, 1910, His Excellency AUSTIN L. CROTHERS being Gov-
ernor, the following laws were enacted, to wit:

ARTICLE II.

AGENTS AND FACTORS.

CHAPTER 178.

AN ACT to add a new section to Article 2, entitled "Agents
and Factors," of the Code of Public General Laws, relating
to the compensation of real estate brokers, to be known as
Section 17, to follow immediately after Section 16.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new section be and the same is hereby added to
Article 2, entitled "Agents and Factors," of the Code of
Public General Laws, to be known as Section 17, to follow
immediately after Section 16, and to read as follows:

17. Whenever, in the absence of special agreement to the
contrary, a real estate broker employed to sell, buy, lease or
otherwise negotiate real or leasehold estates or mortgages, or
loans thereon, procures in good faith a purchaser, seller, lessor
or lessee, mortgagor or mortgagee, borrower or lender, as the
lease may be, and the person so procured is accepted as such
by the employer, and enters into a valid, binding and enforce-
able written contract of sale, purchase, lease, mortgage, loan
or other contract, as the case may be, in terms acceptable to
the employer, and such contract is accepted by the employer
and signed by him, the broker shall be deemed to have earned
the customary or agreed commission, as the case may be,
whether or not the contratc entered into be actually into
effect, unless the performance of such contract be prevented,
hindered or delayed by any act of the broker.

SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 5, 1910.


 

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Session Laws, 1910 Session
Volume 487, Page 5   View pdf image (33K)
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