Agency
A buyer's agent in Maryland owes which of the following duties to the seller?
AFull fiduciary duties including confidentiality
BHonesty and disclosure of material facts✓ Correct
CLoyalty and obedience
DNo duties whatsoever
Explanation
Even when representing the buyer, an agent owes honesty and disclosure of material facts to the seller (and all parties), but does not owe fiduciary duties to the seller.
Related Maryland Agency Questions
- In Maryland, a buyer who signs a buyer-broker agreement for a 90-day period and then tries to terminate the agreement early:
- The Maryland Brokerage Relationship Disclosure form must be provided to customers and clients:
- Under Maryland agency law, a 'disclosed dual agent' must:
- A Maryland seller's agent discovers a structural defect during a showing that the seller has not disclosed. The agent must:
- An agent who works with a buyer but has NOT entered a buyer-agency agreement is considered to be:
- The duty of 'loyalty' owed by a Maryland agent to a client means the agent must:
- A Maryland listing agent's duty of care to the seller includes:
- In Maryland, the agency disclosure pamphlet given to consumers informs them of:
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