Agency
In Maryland, a buyer who signs a buyer-broker agreement for a 90-day period and then tries to terminate the agreement early:
AMay always terminate without penalty
BShould review the agreement terms — some agreements have early termination provisions; others may obligate the buyer for the term✓ Correct
CMust get MREC approval to terminate
DAutomatically owes the full commission
Explanation
The terms of the buyer-broker agreement govern early termination. Some agreements include a mutual release clause; others may obligate the buyer to pay a fee if they purchase without the agent during the term.
Related Maryland Agency Questions
- 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, a buyer's agent is showing properties outside the buyer's specified price range without permission. This is a violation of the duty of:
- The Maryland brokerage relationship disclosure form must be signed by the:
- A Maryland listing agent's duty of care to the seller includes:
- In Maryland, a licensee acting as a seller's sub-agent owes fiduciary duties to:
- In Maryland, a seller's agent who learns that the subject property was previously the site of a murder (a stigmatized property) must:
- Which duty does a Maryland licensee NOT owe to a customer (non-client)?
- In Maryland, a cooperating broker (buyer's agent) who is not the listing broker is typically paid:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →