Here's the breakdown:
* Maybe (one word) is an adverb that means "perhaps" or "possibly".
* May be (two words) is a verb phrase that indicates possibility.
Examples:
* Maybe I'll go to the party. (adverb)
* It may be too late to buy tickets. (verb phrase)
It's important to note that "may be" can sometimes be used as a synonym for "maybe", but it is always grammatically correct to write "maybe" as one word.