Agency
A Maryland listing agent has an undisclosed personal financial interest in purchasing the seller's property. This is:
AAcceptable if the offer is at full listing price
BA violation requiring disclosure to the seller✓ Correct
COnly a violation if the agent is also the buyer's agent
DLegal as agents may purchase properties they list
Explanation
A licensee purchasing property they are listing must disclose their licensee status and financial interest to the seller. Failure to disclose is a serious ethics and legal violation.
Related Maryland Agency Questions
- A Maryland buyer's agent who also represents the seller in the same transaction without written consent from both parties has created an:
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