Agency
An agent who works with a buyer but has NOT entered a buyer-agency agreement is considered to be:
AA subagent of the buyer
BA subagent of the seller's broker✓ Correct
CA transactional agent
DA disclosed dual agent
Explanation
Without a buyer-agency agreement, an agent cooperating with a buyer is typically a subagent of the listing broker and owes fiduciary duties to the seller.
Related Maryland Agency Questions
- The most significant difference between a buyer's agent and a transaction broker in a state that allows transaction brokerage is:
- What is the primary purpose of the Maryland agency disclosure form ('Understanding Whom Real Estate Agents Represent')?
- In Maryland, if a seller wants to sell their property 'as-is' and the agent knows of a material defect, the agent must:
- In Maryland, which disclosure form must a licensee provide to a buyer or seller at the first meeting involving a specific property?
- In Maryland, if a licensee acts as a dual agent without obtaining written consent from both parties, they have:
- A Maryland buyer's agent who also represents the seller in the same transaction without written consent from both parties has created an:
- The Maryland brokerage relationship disclosure form must be signed by the:
- A Maryland listing agent who knows the property has a history of flooding but fails to inform a buyer is guilty of:
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