Maryland Statutes
§ 17-501
Maryland § 17-501
This text of Maryland § 17-501 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Business Occupations and Professions § 17-501 (2026).
Text
(a)In this Part I of this subtitle the following words have the meanings indicated.
(b)“Beneficial owner” means a person, other than the owner of the trust money, for whose benefit a real estate broker or, on behalf of a real estate broker, an associate real estate broker or a real estate salesperson is entrusted to hold trust money.
(c)“Trust money” means a deposit, payment, or other money that a person entrusts to a real estate broker or, on behalf of a real estate broker, to an associate real estate broker or a real estate salesperson to hold for:
(1)the benefit of the owner or beneficial owner of the trust money; and
(2)a purpose that relates to a real estate transaction involving real estate in the State.
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Cite This Page — Counsel Stack
Bluebook (online)
Maryland § 17-501, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gbo/17-501.