Agency (alternative)
A Maryland agent working with a buyer who is pre-approved for $500,000 but looking only at $350,000 homes should:
APush the buyer to look at $500,000 homes to earn more commission
BRespect the buyer's stated budget and help them find suitable homes in their preferred price range✓ Correct
CDisclose the pre-approval amount to all sellers
DRefuse to represent the buyer unless they look at higher-priced homes
Explanation
Loyalty requires the agent to serve the buyer's interests, not their own financial interests. The buyer sets the budget, and the agent must respect the buyer's decision.
Related Maryland Agency (alternative) Questions
- Under Maryland's dual agency rules, a dual agent must obtain informed consent from:
- In Maryland, a listing agent who earns additional compensation from a buyer's lender for referring the buyer's business without disclosure is:
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