Maryland License Law (alternative)
In Maryland, a real estate licensee who accepts compensation from the seller and a fee from the buyer in the same transaction without disclosure to both parties is:
AEntitled to compensation from both sides
BViolating Maryland law — double compensation requires full disclosure and written consent✓ Correct
CActing as a designated agent
DComplying with standard industry practice
Explanation
Receiving compensation from both sides of a transaction ('double ending') without full disclosure and written consent from both parties violates Maryland real estate law.
Related Maryland Maryland License Law (alternative) Questions
- Under BOP Article §17, the Maryland Real Estate Commission has authority to do all of the following EXCEPT:
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