Agency (alternative)
In Maryland, a property management company that manages both a condo association's common elements and sells individual units within the same building may have a:
ANormal business arrangement
BPotential conflict of interest requiring disclosure to all parties✓ Correct
CAutomatic MREC exemption
DSuperior position to negotiate on behalf of all parties
Explanation
Managing the association and also representing unit buyers/sellers in the same building creates potential conflicts of interest that must be disclosed to all parties.
Related Maryland Agency (alternative) Questions
- When a Maryland buyer asks their agent 'What's the lowest the seller will take?' the agent should respond:
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