Contracts
In Maryland, a broker cannot collect a commission from both buyer and seller in the same transaction unless:
AThe commission exceeds $10,000
BBoth parties have been fully informed and given written consent✓ Correct
CMREC approves the arrangement
DThe property sells above the listing price
Explanation
Collecting fees from both buyer and seller (known as double-ending) requires full disclosure to and written consent from both parties in Maryland.
Related Maryland Contracts Questions
- In Maryland, a buyer's agent who prepares an offer on behalf of a buyer is acting as a(n):
- In Maryland, when a seller counters a buyer's offer, the original offer is:
- In Maryland, a counteroffer legally:
- Under Maryland law, a contract for the sale of real property must be:
- What is the legal term for a contract that appears valid but may be set aside by one party due to a legal defect (e.g., signed by a minor)?
- Which of the following best describes a 'time is of the essence' clause in a Maryland real estate contract?
- A Maryland sales contract that lacks consideration is:
- The Maryland Residential Contract of Sale financing contingency protects the buyer if:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →