(a) In this section, “commercial real estate” has the meaning stated in § 17–524.1 of this title.
(b) Except as otherwise provided in subsection (c) of this section, in a real estate transaction involving commercial real estate, a real estate broker, a nonresident real estate broker, an associate real estate broker, a real estate salesperson, a nonresident real estate salesperson, or a lawyer acting as a real estate broker may not require a buyer, as a condition of settlement, to employ a particular:
(1) title insurance company;
(2) settlement company;
(3) escrow company; or
(4) title lawyer.
(c) A seller may not be prohibited from offering owner financing as a condition of settlement.