Agency (alternative)
In Maryland, an agent represents the seller. A buyer's agent submits an offer with unusual contingencies. The listing agent's duty is to:
AReject the offer on the seller's behalf
BPresent the offer as received and advise the seller of any unusual provisions✓ Correct
CModify the contingencies before presenting
DContact the buyer directly to remove the contingencies
Explanation
A listing agent must present all offers, including those with unusual contingencies, and advise the seller on their implications. The seller decides whether to accept, counter, or reject.
Related Maryland Agency (alternative) Questions
- A Maryland agent working with a buyer who is pre-approved for $500,000 but looking only at $350,000 homes should:
- In Maryland, which of the following is NOT a fiduciary duty owed by an agent to their client?
- In Maryland, a designated agent owes fiduciary duties to:
- In Maryland, an open listing allows the seller to:
- An agent's duty of 'obedience' to a principal in Maryland means the agent must:
- Under Maryland's dual agency rules, a dual agent must obtain informed consent from:
- When a Maryland seller refuses to accept a legitimate offer brought by the listing agent, the agent's duty is to:
- Under Maryland agency law, ratification of an unauthorized act by an agent occurs when:
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