Agency (alternative)
A Maryland agent who discovers that a property has a material defect that the seller has not disclosed must:
AKeep the information confidential as required by seller loyalty
BDisclose the defect to prospective buyers✓ Correct
COnly disclose if a buyer directly asks about defects
DReport only to the broker, not to buyers
Explanation
Maryland agents have an affirmative duty to disclose known material defects to all parties regardless of agency relationship, as failing to disclose known material defects constitutes misrepresentation.
Related Maryland Agency (alternative) Questions
- In Maryland, the duty of 'loyalty' means an agent must NOT:
- In Maryland, a listing agent who recommends a specific home inspector and does not disclose a business relationship between them has potentially:
- A Maryland sub-agent of the seller discovers during a showing that the buyer is planning to demolish the home and build a larger one. The sub-agent should:
- A Maryland agent's duty of confidentiality to a client survives:
- Under Maryland law, a buyer's agent who receives confidential information about a seller from a past listing engagement should:
- When a Maryland real estate agent retires from practice, their duty of confidentiality to former clients:
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- In Maryland, which of the following is NOT a fiduciary duty owed by an agent to their client?
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