Agency (alternative)
A Maryland listing agent who accepts a back-up offer while the primary contract is pending must:
ACancel the primary contract immediately
BDisclose the primary contract's existence to the back-up buyer and ensure the seller knows the status✓ Correct
CKeep the back-up offer secret from the primary buyer
DRefuse to present back-up offers
Explanation
Back-up offers are legitimate in Maryland, but all parties should be aware of the situation. The primary buyer typically must be informed that the property will remain on the market, and the back-up buyer must know their offer is secondary.
Related Maryland Agency (alternative) Questions
- In Maryland, a buyer who purchases a home for investment (not primary residence) and is represented by a buyer's agent — the agent's duty of loyalty still requires the agent to:
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