Agency (alternative)
In Maryland, a buyer who tours a model home in a new subdivision is typically being assisted by:
AAn independent buyer's agent
BThe builder's sales agent, who represents the builder/seller — not the buyer✓ Correct
CA MREC-designated agent
DA neutral transaction broker
Explanation
New home subdivision sales agents represent the builder (seller). Buyers in new home sales should understand the sales agent does not represent them and consider obtaining their own buyer's agent.
Related Maryland Agency (alternative) Questions
- The Maryland Disclosure of Agency form must be provided to prospective buyers and sellers:
- Under Maryland law, an agent must disclose material facts that affect the value or desirability of property. This duty applies to:
- Maryland's requirement that agents present all written offers to the seller applies:
- Under Maryland agency law, an agent's duty of 'accounting' requires the agent to:
- A Maryland listing agent who learns the seller's minimum acceptable price must:
- In Maryland, a designated agent owes fiduciary duties to:
- When a Maryland buyer's agent is also representing the seller (dual agency) and cannot give full loyalty to either party, the agent must:
- Under Maryland law, a listing broker may share commission with a cooperating broker from another brokerage who represents the buyer. This is:
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