Agency
A Maryland real estate team consists of a team leader and two salespersons, all under the same broker. In a transaction where the team leader represents the seller and another team member represents the buyer:
ANo agency issue exists — they are on the same team
BThis may constitute designated or dual agency and requires written consent from both parties✓ Correct
COnly the buyer needs to consent
DMREC must approve all team transactions
Explanation
When members of the same team (under the same broker) represent different parties, it may create a dual agency situation requiring written informed consent from all parties.
Related Maryland Agency Questions
- An agent who works with a buyer but has NOT entered a buyer-agency agreement is considered to be:
- In Maryland, when does an agency relationship with a seller typically end?
- Designated agency in Maryland means:
- The Maryland Brokerage Relationship Disclosure form must be provided to customers and clients:
- A Maryland listing agent's duty of care to the seller includes:
- A Maryland seller's agent discovers a structural defect during a showing that the seller has not disclosed. The agent must:
- In Maryland, a buyer who signs a buyer-broker agreement for a 90-day period and then tries to terminate the agreement early:
- What is the primary purpose of the Maryland agency disclosure form ('Understanding Whom Real Estate Agents Represent')?
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →