Agency (alternative)
In Maryland, a listing agent who recommends a specific home inspector and does not disclose a business relationship between them has potentially:
AProvided helpful customer service
BViolated RESPA's affiliated business arrangement disclosure requirements and MREC's conflict of interest rules✓ Correct
CComplied with industry standards
DCreated a valid referral arrangement
Explanation
Undisclosed referral arrangements with service providers create conflicts of interest. RESPA and Maryland law require disclosure of affiliated business arrangements.
Related Maryland Agency (alternative) Questions
- A Maryland licensee who provides services to both the buyer and seller in the same transaction as a 'transaction broker' (where Maryland allows it) does NOT owe either party:
- In Maryland, the duty of confidentiality means a former client's information must be protected:
- A Maryland real estate agent who acts as a principal (buying or selling for themselves) rather than as an agent must still:
- In Maryland, a buyer who purchases a home for investment (not primary residence) and is represented by a buyer's agent — the agent's duty of loyalty still requires the agent to:
- A Maryland buyer's agent who misrepresents to a seller that their buyer has financing in place when they have not yet applied for a mortgage has:
- In Maryland, an agent represents the seller. A buyer's agent submits an offer with unusual contingencies. The listing agent's duty is to:
- When a Maryland real estate agent retires from practice, their duty of confidentiality to former clients:
- In Maryland, a buyer's agent who knows their buyer is willing to pay full price should:
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