Agency
Which of the following best describes designated agency in Maryland?
AOne agent represents both buyer and seller in the same transaction
BTwo different agents within the same brokerage are each designated to represent one party✓ Correct
CAn agent designates another licensee outside their firm to handle a transaction
DThe broker personally represents all parties to a transaction
Explanation
Designated agency in Maryland occurs when the broker designates two different agents within the same brokerage to each exclusively represent the buyer and seller separately.
Related Maryland Agency Questions
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- In Maryland, when must an agent provide the Understanding Whom Real Estate Agents Represent disclosure?
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