Agency
An agent who enters into a buyer-broker agreement in Maryland is acting as a:
ASub-agent of the seller
BTransaction broker
CBuyer's agent (client relationship)✓ Correct
DDual agent by default
Explanation
When a buyer signs a buyer-broker agreement, the licensee becomes the buyer's agent and owes full fiduciary duties to the buyer.
Related Maryland Agency Questions
- Designated agency in Maryland means:
- The Maryland brokerage relationship disclosure form must be signed by the:
- Under Maryland law, which type of agency relationship allows one licensee to represent both buyer and seller in the same transaction with written consent?
- In Maryland, if a licensee acts as a dual agent without obtaining written consent from both parties, they have:
- 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:
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