Agency (alternative)
A Maryland buyer's agent whose license expires mid-transaction may:
AContinue the transaction as the buyer's advocate without a license
BNot legally continue to perform licensed activities until the license is reinstated✓ Correct
CContinue for 30 days under a grace period
DTransfer the transaction to an unlicensed assistant
Explanation
A license must be valid to perform real estate activities. An expired license removes the agent's authority to act as a licensed real estate professional until the license is properly renewed.
Related Maryland Agency (alternative) Questions
- A Maryland buyer is working with a buyer's agent but also contacts the listing agent directly. The listing agent should:
- In Maryland, the duty of confidentiality means a former client's information must be protected:
- Under Maryland law, a buyer's agent who receives confidential information about a seller from a past listing engagement should:
- A Maryland listing agent who knows the septic system is at or near capacity should:
- A Maryland real estate agent who acts as a principal (buying or selling for themselves) rather than as an agent must still:
- A Maryland licensee who provides services to both the buyer and seller in the same transaction as a 'transaction broker' (where Maryland allows it) does NOT owe either party:
- In Maryland, when a property is listed as a short sale requiring lender approval, the agent must:
- A Maryland buyer's agent who is negotiating repairs after a home inspection is acting in the buyer's best interest by:
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