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Session Laws, 1973
Volume 709, Page 1618   View pdf image
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1618                                     LAWS OF MARYLAND                                 Ch. 784

227C.

(A)     IT IS UNLAWFUL FOR ANY REAL ESTATE BROKER [[OR]],
REAL ESTATE SALESMAN OR LAWYER ACTING AS A BROKER TO
REQUIRE AS A CONDITION OF SETTLEMENT OF [[INDIVIDUAL
HOMES]] SINGLE FAMILY DWELLINGS THAT A BUYER EMPLOY A
PARTICULAR TITLE INSURANCE, SETTLEMENT, OR ESCROW
COMPANY OR TITLE ATTORNEY.

(B)      EACH REAL ESTATE CONTRACT SUBMITTED BY A REAL
ESTATE BROKER OR REAL ESTATE SALESMAN FOR THE SALE OF
[[INDIVIDUAL HOMES]] SINGLE FAMILY DWELLINGS SHALL
CONTAIN, IN BOLD-FACED TYPE, AN OFFER TO THE BUYER TO
SELECT HIS OWN TITLE INSURANCE, SETTLEMENT, OR ESCROW
COMPANY OR TITLE ATTORNEY, BUT SUCH REAL ESTATE
CONTRACT SHALL NOT BE CONSIDERED TO BE INVALID FOR
FAILURE TO INCLUDE THE OFFER IN THE CONTRACT.

(C)    THE VIOLATION OF THE PROVISIONS OF THIS SECTION BY
ANY LICENSEE SHALL BE SUFFICIENT CAUSE FOR THE
SUSPENSION OR REVOCATION OF HIS LICENSE, IN THE
DISCRETION OF THE COMMISSION.

[[(D) HOWEVER, THIS SECTION SHALL NOT APPLY IN ANY CASE
WHERE THE SELLER OFFERS TO PAY CERTAIN CLOSING COSTS
WHICH SHALL INCLUDE, WHERE APPLICABLE, SURVEYOR'S FEES,
TITLE EXAMINATION FEES, AND THE FEES FOR SETTLEMENT
CHARGED BY THE ESCROW, SETTLEMENT, TITLE OR TITLE
INSURANCE COMPANY OR TITLE COMPANY OR TITLE
ATTORNEY.]]

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 1973.

Approved May 24, 1973.

CHAPTER 784
(House Bill 531)

AN ACT to repeal and re-enact, with amendments, §§ 233, 234, 236 [[and]] ,
237 . 245, 246, and 247 of Article 81 of the Annotated Code of Maryland (1969
Replacement Volume and 1972 Supplement), title "Revenue and Taxes",
subtitle "State Department of Assessments and Taxation", and to repeal and
re-enact, with amendments. Sections 13. 249 and 255 respectively of the same
Article of the Code, subtitles "By Whom Assessment Shall be Made". "Appeal
Tax Courts", and "Appeals" respectively: and to repeal Section 248 of the same
Article of the Code, subtitle. "Appeal Tax Courts", and to enact new Section
248 in lieu thereof, to stand in the place of the Section repealed: and to repeal
§§ 3, 233A, 235, 238, 238A, 239, 240 and 241 of the same Article of the Code,
subtitle "State Department of Assessments and Taxation"; and to repeal
Section 250 of the same Article of the Code, subtitle, "Appeal Tax Courts",
and to add new Sections 246A, 246B, 246C and 246D to the same Article of the
Code, subtitle, "State Department of Assessments and Taxation", to follow
immediately after Section 246. [[and to repeal § § 245 and 246 of the same

 

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Session Laws, 1973
Volume 709, Page 1618   View pdf image
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