Agency (alternative)
In Maryland, a seller's agent who learns the buyer plans to flip the property is:
ARequired to report this to MREC
BGenerally not required to disclose the buyer's intended use to the seller unless asked✓ Correct
CObligated to disclose this to the seller as it affects the seller's decision
DRequired to inform the title company
Explanation
A buyer's intended use is generally their own business, not a material fact that a seller's agent must proactively disclose. However, if the seller directly asks how the buyer intends to use the property, the agent should answer honestly.
Related Maryland Agency (alternative) Questions
- Under Maryland law, a seller's agent who receives information suggesting the buyer has inspection concerns about the roof should:
- In Maryland, an agent who inadvertently overhears information about the opposing party's negotiating position should:
- When a Maryland buyer's agent submits an offer below list price, the agent is:
- Under Maryland's agency framework, a 'gratuitous agent' is an agent who:
- A Maryland listing agent who learns the seller's minimum acceptable price must:
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- Which of the following actions would MOST likely terminate an agency relationship in Maryland?
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