Agency
In Maryland, if a licensee acts as a dual agent without obtaining written consent from both parties, they have:
ACommitted a minor procedural error only
BViolated Maryland law and may face disciplinary action✓ Correct
CActed legally since dual agency is always permitted
DOnly violated the buyer's rights
Explanation
Dual agency without written informed consent from both parties violates Maryland real estate law and can result in MREC disciplinary action including license suspension or revocation.
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Related Maryland Questions
- Under Maryland law, which type of agency relationship allows one licensee to represent both buyer and seller in the same transaction with written consent?Agency
- In a Maryland dual agency arrangement, the agent must obtain written consent from:Agency
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- Under Maryland's dual agency rules, a dual agent must obtain informed consent from:Agency (alternative)
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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