Agency (alternative)
In Maryland, which form of agency creates the highest potential for conflict of interest?
ASeller's agency
BDual agency — representing both buyer and seller in the same transaction✓ Correct
CBuyer's agency
DSub-agency
Explanation
Dual agency creates the greatest conflict because the agent owes loyalty to both buyer and seller simultaneously, making it impossible to fully advocate for either party's best interests.
Related Maryland Agency (alternative) Questions
- Under Maryland law, the termination of a listing agency agreement occurs automatically upon:
- Under Maryland law, apparent authority of an agent arises when:
- A Maryland buyer's agent who misrepresents to a seller that their buyer has financing in place when they have not yet applied for a mortgage has:
- The Maryland Disclosure of Agency form must be provided to prospective buyers and sellers:
- Under Maryland law, if a buyer's agent enters a new buyer-broker agreement with a buyer who is already represented by another broker, the agent should:
- Under Maryland's agency framework, a 'gratuitous agent' is an agent who:
- In Maryland, a designated agent owes fiduciary duties to:
- When a Maryland buyer's agent helps a buyer prepare a competitive offer, they are performing the agency function of:
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