Agency (alternative)
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:
AHonesty
BFull fiduciary loyalty✓ Correct
CDisclosure of material facts
DCompetent service
Explanation
In a limited services (facilitator) role, the agent does not owe full fiduciary loyalty to either party, but still owes honesty, disclosure of material facts, and competent service.
Related Maryland Agency (alternative) Questions
- A Maryland real estate agent who acts as a principal (buying or selling for themselves) rather than as an agent must still:
- The Maryland Disclosure of Agency form must be provided to prospective buyers and sellers:
- In Maryland, which of the following is NOT a fiduciary duty owed by an agent to their client?
- In Maryland, a seller who fires their listing agent before the listing expires must still pay a commission if:
- Under Maryland law, what information may a dual agent share with both parties?
- Under Maryland's transaction brokerage model (non-agency), the facilitator:
- Under Maryland agency law, an agent's duty of 'accounting' requires the agent to:
- In Maryland, the term 'procuring cause' determines which agent is entitled to a commission when:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →