Agency
In Maryland, an agent may represent a buyer as a customer (non-client) relationship if:
AThe agent provides limited assistance without fiduciary duties✓ Correct
BThe buyer signs a buyer-broker agreement
CThe broker pre-approves the arrangement
DMREC issues a special designation
Explanation
A customer relationship in Maryland means the licensee assists the buyer without owing full fiduciary duties; the buyer is not a client.
Related Maryland Agency Questions
- Designated agency in Maryland means:
- In Maryland, the agency relationship between a licensee and client must be disclosed:
- In Maryland, the agency disclosure pamphlet given to consumers informs them of:
- In Maryland, a seller's agent who learns that the subject property was previously the site of a murder (a stigmatized property) must:
- The duty of 'loyalty' owed by a Maryland agent to a client means the agent must:
- The Maryland Brokerage Relationship Disclosure form must be provided to customers and clients:
- In Maryland, an implied agency may be created when:
- In a Maryland dual agency arrangement, the agent must obtain written consent from:
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